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

Shares of PAR Technology Co. (NYSE:PAR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $79.86.

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a research report on Monday, May 12th. Stephens reaffirmed an "overweight" rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, Citigroup reissued a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th.

Insider Activity at PAR Technology

In related news, Director Douglas Gregory Rauch sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total value of $69,980.00. Following the sale, the director now owns 11,760 shares in the company, valued at approximately $822,964.80. This trade represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in shares of PAR Technology in the fourth quarter worth $1,796,000. Barclays PLC boosted its position in PAR Technology by 431.3% in the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock worth $3,310,000 after purchasing an additional 51,578 shares during the last quarter. Deutsche Bank AG grew its stake in shares of PAR Technology by 97.2% during the 4th quarter. Deutsche Bank AG now owns 38,863 shares of the software maker's stock valued at $2,824,000 after purchasing an additional 19,159 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of PAR Technology during the 4th quarter valued at about $205,000. Finally, LPL Financial LLC lifted its stake in shares of PAR Technology by 201.4% in the 4th quarter. LPL Financial LLC now owns 88,991 shares of the software maker's stock worth $6,467,000 after purchasing an additional 59,469 shares during the period.

PAR Technology Price Performance

NYSE PAR traded up $0.12 during trading hours on Friday, reaching $65.53. 315,516 shares of the stock traded hands, compared to its average volume of 434,488. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The stock has a 50 day simple moving average of $61.06 and a two-hundred day simple moving average of $67.26. PAR Technology has a 1 year low of $41.86 and a 1 year high of $82.24. The company has a market cap of $2.65 billion, a price-to-earnings ratio of -262.11 and a beta of 1.76.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $103.86 million for the quarter, compared to analysts' expectations of $105.16 million. During the same period last year, the firm posted ($0.36) EPS. PAR Technology's revenue for the quarter was up 48.2% compared to the same quarter last year. On average, analysts predict that PAR Technology will post -1.47 EPS for the current fiscal year.

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.