PAR Technology (NYSE:PAR) Shares Climb 4.4% - What's Next?

Key Points

• PAR Technology shares rose 4.4% to $16.19 in Tuesday trading, although volume was 98% below the stock’s average daily volume.
• Analysts maintain a generally positive outlook, with five Buy ratings, two Holds and one Sell; the consensus rating is Moderate Buy with a $24.61 price target.
• The company exceeded quarterly expectations, reporting $0.18 in EPS versus $0.12 expected and revenue of $133.41 million, up 18.7% year over year, despite a negative net margin.

PAR Technology Corporation (NYSE:PAR - Get Free Report)'s stock price was up 4.4% during trading on Tuesday. The stock traded as high as $16.17 and last traded at $16.19. Approximately 20,965 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 1,362,225 shares. The stock had previously closed at $15.51.

Wall Street Analyst Weigh In

Several equities analysts have commented on PAR shares. Needham & Company LLC reissued a "buy" rating and set a $25.00 target price on shares of PAR Technology in a research report on Monday, September 28th. BTIG Research reduced their price objective on PAR Technology from $45.00 to $30.00 and set a "buy" rating for the company in a report on Friday, August 7th. JPMorgan Chase & Co. increased their target price on shares of PAR Technology from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Weiss Ratings upgraded PAR Technology from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $18.00 to $20.50 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.61.

PAR Technology Stock Up 0.1%

The stock's fifty day moving average price is $17.09 and its 200 day moving average price is $15.75. The company has a current ratio of 2.21, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The stock has a market cap of $655.69 million, a P/E ratio of -9.05 and a beta of 1.35.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted $0.03 EPS. The firm's revenue was up 18.7% compared to the same quarter last year. As a group, research analysts forecast that PAR Technology Corporation will post -0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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, with a total value of $199,952.48. Following the completion of the purchase, the director directly owned 38,527 shares in the company, valued at approximately $668,828.72. This trade represents a 42.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On PAR Technology

Several institutional investors have recently modified their holdings of PAR. WINTON GROUP Ltd purchased a new position in shares of PAR Technology in the second quarter worth about $526,000. Integrated Wealth Concepts LLC bought a new stake in shares of PAR Technology during the 2nd quarter valued at about $116,000. Squarepoint Ops LLC bought a new stake in PAR Technology during the 2nd quarter valued at approximately $183,000. Two Sigma Securities LLC bought a new stake in shares of PAR Technology during the second quarter valued at approximately $189,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of PAR Technology by 28.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,299 shares of the software maker's stock worth $1,521,000 after buying an additional 19,320 shares during the period.

PAR Technology Company Profile

PAR Technology Corporation NYSE: PAR provides technology solutions for the restaurant and hospitality industries. Its platform is designed to help restaurant brands manage point-of-sale operations, payments, back-office workflows, guest engagement, loyalty programs and related data across corporate and franchised locations.

The company's portfolio includes Brink, a cloud-based restaurant point-of-sale system; PAR Pay payment solutions; and guest engagement and loyalty capabilities associated with Punchh.

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