PAR Technology (NYSE:PAR) Sets New 1-Year Low - Should You Sell?

Key Points

• Shares of PAR Technology Corporation reached a new 52-week low of $42.86 amid trading, closing slightly higher at $43.18 with a volume of over 1.15 million shares.
• Brokerages have issued mixed ratings, with Benchmark lowering its price target to $77.00 while Needham & Company maintains a $90.00 target, reflecting an overall consensus rating of "Moderate Buy."
• Despite a 43.8% year-over-year revenue increase to $112.40 million, PAR Technology reported an EPS of $0.03, falling short of estimates, with analysts projecting a -1.47 EPS for the current year.

Shares of PAR Technology Corporation (NYSE:PAR - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $42.86 and last traded at $43.18, with a volume of 1155462 shares. The stock had previously closed at $44.02.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PAR. Benchmark decreased their price objective on PAR Technology from $92.00 to $77.00 and set a "buy" rating for the company in a report on Tuesday, August 19th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, July 11th. Finally, BTIG Research raised PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price objective for the company in a report on Friday, August 15th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, PAR Technology currently has a consensus rating of "Moderate Buy" and an average price target of $78.43.

PAR Technology Trading Down 1.9%

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 firm has a market cap of $1.75 billion, a PE ratio of -19.19 and a beta of 1.64. The company's 50-day moving average is $57.20 and its 200 day moving average is $60.67.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $112.40 million during the quarter, compared to analysts' expectations of $111.02 million. PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The firm's revenue was up 43.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.23) EPS. As a group, sell-side analysts predict that PAR Technology Corporation will post -1.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank increased its stake in PAR Technology by 66.2% in the 2nd quarter. Huntington National Bank now owns 437 shares of the software maker's stock valued at $30,000 after buying an additional 174 shares during the period. Caitong International Asset Management Co. Ltd increased its stake 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 valued at $32,000 after buying an additional 517 shares during the period. Advisors Asset Management Inc. increased its stake in PAR Technology by 68.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker's stock valued at $39,000 after buying an additional 229 shares during the period. Versant Capital Management Inc increased its stake in PAR Technology by 996.6% in the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock valued at $40,000 after buying an additional 588 shares during the period. Finally, NBC Securities Inc. acquired a new position in PAR Technology in the 1st quarter valued at approximately $40,000.

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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