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

PAR Technology (NYSE:PAR - Get Free Report)'s stock had its "buy" rating reissued by Needham & Company LLC in a research report issued on Monday,Benzinga reports. They currently have a $90.00 price objective on the software maker's stock. Needham & Company LLC's price target would indicate a potential upside of 29.04% from the stock's current price.

Several other research firms have also issued reports on PAR. Stephens reissued an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Benchmark reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Finally, Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, PAR Technology currently has an average rating of "Moderate Buy" and an average price target of $79.86.

PAR Technology Stock Performance

NYSE:PAR traded up $0.27 during mid-day trading on Monday, reaching $69.75. The company's stock had a trading volume of 307,660 shares, compared to its average volume of 436,982. 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 has a 12-month low of $41.86 and a 12-month high of $82.24. The stock has a market cap of $2.82 billion, a P/E ratio of -278.97 and a beta of 1.76. The firm's fifty day moving average price is $59.82 and its two-hundred day moving average price is $67.38.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS 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 company had revenue of $103.86 million during the quarter, compared to analyst estimates of $105.16 million. During the same quarter in the previous year, the company posted ($0.36) earnings per share. PAR Technology's revenue was up 48.2% compared to the same quarter last year. On average, equities analysts forecast that PAR Technology will post -1.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PAR. Barclays PLC raised its position in PAR Technology by 431.3% in the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after purchasing an additional 51,578 shares during the period. Franklin Resources Inc. grew its stake in shares of PAR Technology by 6.2% during the third quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker's stock worth $903,000 after purchasing an additional 932 shares in the last quarter. Moody National Bank Trust Division boosted its stake in PAR Technology by 119.2% in the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock valued at $1,764,000 after acquiring an additional 13,200 shares in the last quarter. Yarbrough Capital LLC boosted its stake in PAR Technology by 61.9% in the fourth quarter. Yarbrough Capital LLC now owns 12,612 shares of the software maker's stock valued at $917,000 after acquiring an additional 4,820 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in PAR Technology by 18.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,715 shares of the software maker's stock valued at $779,000 after acquiring an additional 1,663 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.