PAR Technology Corporation (NYSE:PAR) Receives Consensus Rating of "Moderate Buy" from Analysts

PAR Technology Corporation (NYSE:PAR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $78.4286.

A number of analysts recently issued reports on PAR shares. BTIG Research upgraded shares of PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 target price on the stock in a research report on Friday, August 15th. Benchmark reduced their target price on PAR Technology from $92.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Finally, Needham & Company LLC restated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th.

Institutional Trading of PAR Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in PAR. The Manufacturers Life Insurance Company raised its holdings in shares of PAR Technology by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock worth $1,257,000 after purchasing an additional 168 shares in the last quarter. Huntington National Bank grew its position in PAR Technology by 66.2% during the second quarter. Huntington National Bank now owns 437 shares of the software maker's stock valued at $30,000 after purchasing an additional 174 shares in the last quarter. Advisors Asset Management Inc. grew its position in PAR Technology by 68.6% in the second quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker's stock worth $39,000 after acquiring an additional 229 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of PAR Technology by 3.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,233 shares of the software maker's stock worth $382,000 after buying an additional 234 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of PAR Technology by 7.8% in the first quarter. Victory Capital Management Inc. now owns 4,752 shares of the software maker's stock worth $291,000 after buying an additional 343 shares during the last quarter.

PAR Technology Stock Performance

Shares of NYSE:PAR traded down $1.13 on Monday, reaching $45.74. The company's stock had a trading volume of 1,287,251 shares, compared to its average volume of 532,746. The stock's 50-day moving average is $59.12 and its two-hundred day moving average is $61.20. PAR Technology has a 52-week low of $45.25 and a 52-week high of $82.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.49. The stock has a market capitalization of $1.86 billion, a P/E ratio of -20.33 and a beta of 1.64.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The firm had revenue of $112.40 million for the quarter, compared to analysts' expectations of $111.02 million. During the same period in the prior year, the company earned ($0.23) earnings per share. The company's revenue for the quarter was up 43.8% on a year-over-year basis. As a group, sell-side analysts forecast that PAR Technology will post -1.47 EPS for the current year.

PAR Technology Company Profile

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.