PAR Technology (NYSE:PAR) Sets New 12-Month Low - Here's Why

Key Points

• PARS Technology's stock reached a new **52-week low** at **$45.97**, demonstrating a decline from its previous close of **$46.86** on increased trading volume of **358,502 shares**.
• Despite recent struggles, several analysts maintain a **"buy" rating** for PAR Technology, with target prices ranging from **$65.00 to $90.00** and an average consensus target price of **$78.43**.
• The company reported **$112.40 million** in revenue for the last quarter, which is a **43.8% increase** year-over-year, although it posted a **negative earnings per share** of **$0.03**, missing expectations by **$0.01**.

PAR Technology Corporation (NYSE:PAR - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $45.97 and last traded at $46.02, with a volume of 358502 shares trading hands. The stock had previously closed at $46.86.

Analyst Ratings Changes

PAR has been the topic of several research analyst reports. BTIG Research raised PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price target on the stock in a report on Friday, August 15th. 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. Finally, Benchmark lowered their price target on PAR Technology from $92.00 to $77.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $78.43.

PAR Technology Price Performance

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 stock has a market capitalization of $1.79 billion, a PE ratio of -19.57 and a beta of 1.64. The firm has a 50 day moving average price of $57.71 and a 200 day moving average price of $60.85.

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

Institutional Investors Weigh In On PAR Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in PAR Technology by 8,631.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,397 shares of the software maker's stock worth $86,000 after buying an additional 1,381 shares in the last quarter. Russell Investments Group Ltd. increased its stake in PAR Technology by 415.9% in the 1st quarter. Russell Investments Group Ltd. now owns 43,213 shares of the software maker's stock worth $2,651,000 after buying an additional 34,837 shares in the last quarter. Rovida Advisors Inc. increased its stake in PAR Technology by 30.6% in the 1st quarter. Rovida Advisors Inc. now owns 326,494 shares of the software maker's stock worth $20,027,000 after buying an additional 76,494 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in PAR Technology in the 4th quarter worth $350,000. Finally, Deutsche Bank AG increased its stake in PAR Technology by 97.2% in the 4th quarter. Deutsche Bank AG now owns 38,863 shares of the software maker's stock worth $2,824,000 after buying an additional 19,159 shares in the last quarter.

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.