PAR Technology (NYSE:PAR) Trading 5.7% Higher - Should You Buy?

Key Points

• PAR Technology shares rose 5.7% to $19.60, trading above their 50-day and 200-day moving averages, though volume was down 77% from the average session level.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $24.61; five analysts rate the stock Buy, two Hold and one Sell.
• The company beat quarterly expectations, reporting $0.18 EPS versus $0.12 expected and revenue of $133.41 million, up 18.7% year over year, despite continued negative net margin and projected full-year losses.

PAR Technology Corporation (NYSE:PAR - Get Free Report)'s stock price traded up 5.7% during trading on Tuesday . The company traded as high as $19.63 and last traded at $19.60. Approximately 333,653 shares were traded during mid-day trading, a decline of 77% from the average session volume of 1,474,988 shares. The stock had previously closed at $18.55.

Analysts Set New Price Targets

A number of research analysts have commented on PAR shares. BTIG Research reduced their target price on PAR Technology from $45.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, August 7th. Jefferies Financial Group set a $18.00 price target on PAR Technology in a research report on Saturday, May 9th. The Goldman Sachs Group raised their price objective on PAR Technology from $18.00 to $20.50 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. lifted their price objective on shares of PAR Technology from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada set a $16.00 target price on shares of PAR Technology in a research note on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.61.

PAR Technology Stock Performance

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21. The stock has a 50 day moving average of $16.65 and a 200 day moving average of $16.52. The stock has a market capitalization of $810.66 million, a P/E ratio of -11.15 and a beta of 1.33.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The company had revenue of $133.41 million during the quarter, compared to the consensus estimate of $124.66 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. Equities analysts predict that PAR Technology Corporation will post -0.16 EPS for the current year.

Insider Buying and Selling at PAR Technology

In other PAR Technology news, insider Cathy A. King sold 20,000 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total value of $307,600.00. Following the completion of the transaction, the insider owned 122,919 shares in the company, valued at approximately $1,890,494.22. This represents a 13.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Narinder Singh purchased 11,518 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the purchase, the director directly owned 38,527 shares of the company's stock, valued at $668,828.72. This trade represents a 42.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 361,518 shares of company stock valued at $5,261,827 in the last ninety days. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its holdings in PAR Technology by 3.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,916,459 shares of the software maker's stock worth $214,650,000 after purchasing an additional 201,782 shares in the last quarter. BlackRock Inc. bought a new position in PAR Technology during the 2nd quarter valued at $70,563,000. Vanguard Group Inc. increased its position in shares of PAR Technology by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,304,052 shares of the software maker's stock valued at $119,871,000 after purchasing an additional 12,250 shares during the period. Progeny 3 Inc. raised its stake in shares of PAR Technology by 5.6% in the 1st quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker's stock worth $28,937,000 after buying an additional 114,500 shares in the last quarter. Finally, Reinhart Partners LLC. raised its stake in shares of PAR Technology by 45.6% in the 4th quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker's stock worth $47,522,000 after buying an additional 410,183 shares in the last quarter.

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.

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