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

Key Points

• PAR Technology Corporation has received a consensus rating of "Moderate Buy" from analysts, with a price target averaging around $78.43.
• The company's quarterly earnings report indicated a miss on earnings per share, reporting $0.03 against the consensus estimate of $0.04, despite a 43.8% revenue increase year-over-year.
• Several hedge funds have significantly increased their stakes in PAR Technology, including Caitong International Asset Management, which raised its holdings by 8,616.7% in the first quarter.

Shares of PAR Technology Corporation (NYSE:PAR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $78.4286.

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

PAR Technology Stock Performance

Shares of PAR stock opened at $38.17 on Friday. PAR Technology has a 12-month low of $37.42 and a 12-month high of $82.24. The business's fifty day simple moving average is $49.74 and its 200-day simple moving average is $58.75. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.55 billion, a PE ratio of -16.97 and a beta of 1.66.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data 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). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The business had revenue of $112.40 million during the quarter, compared to analyst estimates of $111.02 million. During the same period in the previous year, the business earned ($0.23) EPS. The firm's revenue for the quarter was up 43.8% compared to the same quarter last year. Analysts expect that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PAR. Huntington National Bank raised its stake in shares of PAR Technology by 66.2% in the second quarter. Huntington National Bank now owns 437 shares of the software maker's stock worth $30,000 after purchasing an additional 174 shares during 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 buying an additional 517 shares during the period. Advisors Asset Management Inc. raised its position in PAR Technology by 68.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker's stock worth $39,000 after buying an additional 229 shares during the last quarter. NBC Securities Inc. acquired a new stake in PAR Technology during the 1st quarter valued at approximately $40,000. Finally, Versant Capital Management Inc lifted its stake in PAR Technology by 996.6% during the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock valued at $40,000 after acquiring an additional 588 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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