PAR Technology (NYSE:PAR) Given Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of PAR Technology (NYSE:PAR - Free Report) in a report released on Friday morning, Benzinga reports. Needham & Company LLC currently has a $53.00 price objective on the software maker's stock.

PAR has been the subject of several other research reports. StockNews.com raised shares of PAR Technology to a sell rating in a research note on Thursday, March 7th. William Blair reiterated an outperform rating on shares of PAR Technology in a research report on Tuesday, March 12th. Sidoti upgraded shares of PAR Technology from a neutral rating to a buy rating and set a $61.00 price target on the stock in a report on Tuesday, March 12th. TheStreet raised shares of PAR Technology from a d+ rating to a c- rating in a research report on Thursday, February 15th. Finally, Benchmark assumed coverage on PAR Technology in a research report on Tuesday, February 13th. They set a hold rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $48.57.

PAR Technology Stock Up 1.3 %

Shares of NYSE:PAR traded up $0.52 during trading on Friday, reaching $42.01. The company's stock had a trading volume of 532,327 shares, compared to its average volume of 216,594. The firm's 50 day simple moving average is $42.85 and its two-hundred day simple moving average is $41.68. The company has a quick ratio of 1.96, a current ratio of 2.25 and a debt-to-equity ratio of 1.13. PAR Technology has a 12 month low of $24.76 and a 12 month high of $49.84.

PAR Technology (NYSE:PAR - Get Free Report) last released its earnings results on Tuesday, February 27th. The software maker reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.05). The company had revenue of $107.71 million for the quarter, compared to the consensus estimate of $106.12 million. PAR Technology had a negative net margin of 16.77% and a negative return on equity of 16.46%. Sell-side analysts expect that PAR Technology will post -1.15 earnings per share for the current fiscal year.

Insider Transactions at PAR Technology

In other PAR Technology news, CFO Bryan A. Menar sold 803 shares of the business's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $43.79, for a total value of $35,163.37. Following the completion of the transaction, the chief financial officer now directly owns 54,601 shares in the company, valued at $2,390,977.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PAR Technology news, Director Douglas Gregory Rauch sold 4,500 shares of the firm's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $42.04, for a total value of $189,180.00. Following the completion of the sale, the director now owns 14,365 shares of the company's stock, valued at $603,904.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Bryan A. Menar sold 803 shares of the business's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $43.79, for a total value of $35,163.37. Following the sale, the chief financial officer now owns 54,601 shares in the company, valued at approximately $2,390,977.79. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company's stock.

Institutional Trading of PAR Technology

A number of institutional investors have recently bought and sold shares of PAR. SG Americas Securities LLC purchased a new stake in shares of PAR Technology during the third quarter valued at $353,000. Raymond James Financial Services Advisors Inc. boosted its position in PAR Technology by 5.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,525 shares of the software maker's stock valued at $752,000 after buying an additional 1,050 shares during the last quarter. TD Asset Management Inc increased its holdings in PAR Technology by 7.9% in the 3rd quarter. TD Asset Management Inc now owns 111,524 shares of the software maker's stock worth $4,298,000 after buying an additional 8,200 shares during the period. Swiss National Bank raised its position in PAR Technology by 1.3% during the 3rd quarter. Swiss National Bank now owns 60,300 shares of the software maker's stock worth $2,324,000 after buying an additional 800 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in PAR Technology by 4.2% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 76,419 shares of the software maker's stock valued at $2,945,000 after acquiring an additional 3,103 shares during the period.

About PAR Technology

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.