PAR Technology Co. (NYSE:PAR) Given Average Recommendation of "Moderate Buy" by Analysts

PAR Technology Co. (NYSE:PAR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $81.86.

PAR has been the topic of several research analyst reports. Stephens reaffirmed an "overweight" rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Citigroup restated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Craig Hallum reissued a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th.

PAR Technology Stock Down 1.0 %

PAR stock opened at $59.86 on Tuesday. The company's 50-day moving average price is $59.46 and its 200 day moving average price is $67.12. The company has a market cap of $2.42 billion, a P/E ratio of -239.43 and a beta of 1.95. PAR Technology has a 52 week low of $37.74 and a 52 week high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR - Get Free Report) last posted its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $105.01 million during the quarter, compared to analysts' expectations of $99.10 million. During the same period in the previous year, the company posted ($0.33) EPS. PAR Technology's quarterly revenue was up 50.2% compared to the same quarter last year. On average, research analysts expect that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PAR. Barclays PLC grew its position in shares of PAR Technology by 431.3% in the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after purchasing an additional 51,578 shares during the last quarter. Franklin Resources Inc. grew its holdings in PAR Technology by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker's stock valued at $903,000 after buying an additional 932 shares during the last quarter. Moody National Bank Trust Division increased its position in PAR Technology by 119.2% in the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock worth $1,764,000 after buying an additional 13,200 shares during the period. Yarbrough Capital LLC lifted its holdings in shares of PAR Technology by 61.9% during the fourth quarter. Yarbrough Capital LLC now owns 12,612 shares of the software maker's stock worth $917,000 after buying an additional 4,820 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of PAR Technology by 18.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,715 shares of the software maker's stock valued at $779,000 after acquiring an additional 1,663 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.

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