PAR Technology Corporation (NYSE:PAR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• MarketBeat consensus: "Moderate Buy" — Seven analysts cover PAR (1 sell, 1 hold, 5 buy) with an average 12‑month price target of $34.20, though several firms have recently trimmed targets (e.g., Goldman, Stephens, Needham).
• Notable insider and institutional activity: major shareholder Voss Capital bought 182,862 shares at $22.89 (raising its stake to 4,075,000 shares), while CEO Savneet Singh sold 57,605 shares (an ~18.6% reduction in his holding); hedge funds have also materially adjusted positions.
• Operational snapshot: PAR beat the quarter with $0.06 EPS vs. an expected (‑$0.10) and revenue of $120.1M (vs. $116.4M), but remains unprofitable (net margin ‑18.54%) and the stock trades around $13.53, well below analyst targets and its 52‑week high.

PAR Technology Corporation (NYSE:PAR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $34.20.

A number of analysts have recently weighed in on the company. William Blair restated an "outperform" rating on shares of PAR Technology in a research note on Friday, March 13th. Stephens reduced their price target on shares of PAR Technology from $60.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. The Goldman Sachs Group decreased their price objective on shares of PAR Technology from $40.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, March 3rd. Needham & Company LLC dropped their target price on shares of PAR Technology from $55.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, February 27th. Finally, BTIG Research reduced their target price on shares of PAR Technology from $60.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, February 27th.

Insider Activity at PAR Technology

In other news, major shareholder Voss Capital, Lp bought 182,862 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was bought at an average cost of $22.89 per share, with a total value of $4,185,711.18. Following the purchase, the insider owned 4,075,000 shares of the company's stock, valued at approximately $93,276,750. This represents a 4.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Savneet Singh sold 57,605 shares of PAR Technology stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $17.49, for a total value of $1,007,511.45. Following the completion of the sale, the chief executive officer directly owned 252,537 shares of the company's stock, valued at $4,416,872.13. This trade represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 722,237 shares of company stock valued at $21,772,998 and sold 90,689 shares valued at $1,600,226. Insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On PAR Technology

Hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its position in PAR Technology by 17.3% during the 3rd quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker's stock valued at $128,121,000 after purchasing an additional 476,839 shares during the period. Long Focus Capital Management LLC grew its position in shares of PAR Technology by 4,210.9% during the 3rd quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker's stock worth $34,734,000 after buying an additional 857,218 shares during the period. Stephens Investment Management Group LLC raised its stake in shares of PAR Technology by 54.4% during the third quarter. Stephens Investment Management Group LLC now owns 158,959 shares of the software maker's stock worth $6,292,000 after buying an additional 56,036 shares during the last quarter. Invesco Ltd. raised its stake in shares of PAR Technology by 24.1% during the second quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker's stock worth $130,224,000 after buying an additional 364,892 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in PAR Technology by 77.2% in the third quarter. TD Asset Management Inc now owns 154,400 shares of the software maker's stock valued at $6,111,000 after buying an additional 67,254 shares during the period.

PAR Technology Stock Up 1.0%

Shares of PAR opened at $13.53 on Friday. The company has a market capitalization of $556.55 million, a P/E ratio of -6.50 and a beta of 1.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.66 and a quick ratio of 1.46. PAR Technology has a one year low of $12.48 and a one year high of $72.15. The business's 50 day simple moving average is $21.57 and its 200-day simple moving average is $31.91.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The software maker reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.16. The firm had revenue of $120.10 million during the quarter, compared to analysts' expectations of $116.39 million. PAR Technology had a negative return on equity of 2.32% and a negative net margin of 18.54%.PAR Technology's quarterly revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts predict that PAR Technology will post -1.47 EPS for the current fiscal year.

PAR Technology Company Profile

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company's platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR's integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.

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