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

Key Points

• PAR Technology Corporation has received a consensus rating of "Moderate Buy" from seven analyst firms, with an average 12-month price target of $83.17.
• The company's recent earnings report indicates a revenue of $112.40 million for the quarter, a 43.8% increase compared to the same quarter last year, although it missed earnings expectations.
• Institutional investors have significantly increased their holdings in PAR Technology, with some firms showing increases as high as 996.6% in share ownership during the first quarter.

Shares of PAR Technology Corporation (NYSE:PAR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $83.1667.

A number of analysts have recently weighed in on PAR shares. The Goldman Sachs Group upped their target price on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, July 11th.

Insider Activity at PAR Technology

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total transaction of $69,980.00. Following the completion of the transaction, the director owned 11,760 shares of the company's stock, valued at approximately $822,964.80. The trade was a 7.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On PAR Technology

Institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank increased its holdings in PAR Technology by 66.2% in the 2nd quarter. Huntington National Bank now owns 437 shares of the software maker's stock worth $30,000 after purchasing an additional 174 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in PAR Technology by 8,616.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the software maker's stock worth $32,000 after purchasing an additional 517 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in PAR Technology by 68.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker's stock worth $39,000 after purchasing an additional 229 shares in the last quarter. Versant Capital Management Inc increased its holdings in PAR Technology by 996.6% in the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock worth $40,000 after purchasing an additional 588 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in PAR Technology in the 1st quarter worth about $40,000.

PAR Technology Stock Performance

NYSE:PAR opened at $51.43 on Thursday. The stock has a fifty day moving average price of $64.66 and a 200-day moving average price of $63.73. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -22.86 and a beta of 1.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.83 and a current ratio of 1.70. PAR Technology has a fifty-two week low of $46.24 and a fifty-two week high of $82.24.

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

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