PAR Technology (NYSE:PAR) Trading 10.3% Higher - Here's What Happened

Key Points

• Shares of PAR Technology jumped 10.3% to about $13.03 on Monday, but trading volume was sharply lower than average and the stock remains well below its 50‑day ($17.45) and 200‑day ($29.36) moving averages.
• Several major firms cut price targets recently (e.g., Benchmark, Needham, Goldman Sachs), yet the consensus remains a “Moderate Buy” with an average target of $33.20 from analysts.
• PAR beat quarterly revenue and EPS estimates but still shows a negative net margin and return on equity, and while the CEO and CFO sold shares recently, insiders were net buyers of 526,202 shares over the last three months.

Shares of PAR Technology Corporation (NYSE:PAR - Get Free Report) traded up 10.3% during trading on Monday . The stock traded as high as $12.63 and last traded at $13.0320. 95,769 shares traded hands during trading, a decline of 95% from the average session volume of 1,784,426 shares. The stock had previously closed at $11.82.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Benchmark reduced their price target on shares of PAR Technology from $42.00 to $33.00 and set a "buy" rating on the stock in a research report on Monday, March 16th. Needham & Company LLC dropped their target price on shares of PAR Technology from $30.00 to $25.00 and set a "buy" rating for the company in a report on Thursday. Weiss Ratings reiterated a "sell (d-)" rating on shares of PAR Technology in a report on Friday, March 27th. The Goldman Sachs Group dropped their target price on shares of PAR Technology from $40.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, March 3rd. Finally, BTIG Research dropped their target price on shares of PAR Technology from $60.00 to $45.00 and set a "buy" rating for the company in a report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.20.

PAR Technology Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The company's fifty day moving average is $17.45 and its two-hundred day moving average is $29.36. The stock has a market cap of $540.72 million, a price-to-earnings ratio of -6.30 and a beta of 1.48.

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

Insider Buying and Selling at PAR Technology

In other PAR Technology news, CEO Savneet Singh sold 57,605 shares of the business's 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 transaction, the chief executive officer owned 252,537 shares in the company, valued at $4,416,872.13. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Bryan A. Menar sold 6,588 shares of the business's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $17.49, for a total transaction of $115,224.12. Following the completion of the transaction, the chief financial officer owned 64,893 shares of the company's stock, valued at approximately $1,134,978.57. This trade represents a 9.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have acquired 526,202 shares of company stock worth $14,669,269 and have sold 90,689 shares worth $1,600,226. Corporate insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On PAR Technology

Institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC acquired a new position in shares of PAR Technology in the third quarter worth $26,000. Aster Capital Management DIFC Ltd acquired a new position in shares of PAR Technology during the third quarter worth $28,000. Manning & Napier Advisors LLC acquired a new position in shares of PAR Technology during the third quarter worth $36,000. State of Wyoming acquired a new position in shares of PAR Technology during the fourth quarter worth $34,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of PAR Technology during the fourth quarter worth $35,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.