PAR Technology's (PAR) Buy Rating Reaffirmed at Needham & Company LLC

PAR Technology (NYSE:PAR - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Needham & Company LLC in a research note issued to investors on Monday,Benzinga reports. They presently have a $90.00 price target on the software maker's stock. Needham & Company LLC's price objective would indicate a potential upside of 39.06% from the stock's current price.

PAR has been the topic of a number of other reports. StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Stephens restated an "overweight" rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Benchmark reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.86.

PAR Technology Trading Up 3.7%

Shares of PAR Technology stock opened at $64.72 on Monday. The stock has a fifty day simple moving average of $59.24 and a 200 day simple moving average of $67.17. PAR Technology has a 12-month low of $41.27 and a 12-month high of $82.24. The company has a market capitalization of $2.62 billion, a P/E ratio of -258.87 and a beta of 1.76. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business had revenue of $103.86 million for the quarter, compared to analysts' expectations of $105.16 million. During the same quarter in the previous year, the firm earned ($0.36) earnings per share. The business's revenue was up 48.2% on a year-over-year basis. On average, sell-side analysts anticipate that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in PAR Technology by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,898,114 shares of the software maker's stock valued at $177,770,000 after buying an additional 69,546 shares during the last quarter. Invesco Ltd. boosted its stake in shares of PAR Technology by 100.9% in the fourth quarter. Invesco Ltd. now owns 1,283,978 shares of the software maker's stock worth $93,307,000 after acquiring an additional 644,920 shares during the period. Reinhart Partners LLC. boosted its stake in PAR Technology by 15.0% during the first quarter. Reinhart Partners LLC. now owns 858,843 shares of the software maker's stock valued at $52,681,000 after buying an additional 112,183 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in PAR Technology by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 660,496 shares of the software maker's stock valued at $48,000,000 after buying an additional 26,008 shares during the last quarter. Finally, Next Century Growth Investors LLC lifted its stake in shares of PAR Technology by 15.7% in the 4th quarter. Next Century Growth Investors LLC now owns 518,554 shares of the software maker's stock valued at $37,683,000 after purchasing an additional 70,386 shares during 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.

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