PAR Technology Corporation (NYSE:PAR) Receives $64.00 Average Price Target from Analysts

Shares of PAR Technology Corporation (NYSE:PAR) have been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $64.00.

A number of equities analysts have issued reports on the company. BTIG Research reiterated a “buy” rating on shares of PAR Technology in a report on Tuesday. William Blair reissued an “outperform” rating on shares of PAR Technology in a research report on Tuesday, October 14th. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of PAR Technology in a research note on Friday, January 9th. The Goldman Sachs Group decreased their price target on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of PAR Technology in a research report on Monday, December 29th.

Insider Activity

In other news, CFO Bryan A. Menar sold 6,500 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $35.53, for a total transaction of $230,945.00. Following the completion of the transaction, the chief financial officer directly owned 71,481 shares in the company, valued at $2,539,719.93. This represents a 8.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Voss Capital, Lp acquired 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was bought at an average price of $34.56 per share, with a total value of $864,000.00. Following the acquisition, the insider directly owned 3,613,898 shares in the company, valued at $124,896,314.88. This represents a 0.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 196,035 shares of company stock worth $7,103,730 over the last three months. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Long Focus Capital Management LLC boosted its holdings in shares of PAR Technology by 4,210.9% in the 3rd quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker’s stock valued at $34,734,000 after buying an additional 857,218 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of PAR Technology during the 4th quarter worth about $27,274,000. Capital Research Global Investors raised its holdings in shares of PAR Technology by 17.3% in the 3rd quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock valued at $128,121,000 after purchasing an additional 476,839 shares during the period. Invesco Ltd. lifted its stake in PAR Technology by 24.1% in the 2nd quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock valued at $130,224,000 after purchasing an additional 364,892 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in PAR Technology during the third quarter worth about $12,510,000.

PAR Technology Price Performance

NYSE PAR opened at $39.20 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.70. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -18.32 and a beta of 1.35. The business has a 50 day simple moving average of $36.06 and a 200 day simple moving average of $45.32. PAR Technology has a 52-week low of $31.65 and a 52-week high of $77.55.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). PAR Technology had a negative net margin of 19.21% and a negative return on equity of 2.56%. The company had revenue of $119.18 million during the quarter, compared to analyst estimates of $112.23 million. During the same quarter last year, the company earned ($0.09) EPS. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. Analysts anticipate that PAR Technology will post -1.47 earnings per share for the current fiscal year.

About PAR Technology

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.