PAR Technology Corporation (NYSE:PAR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of PAR Technology Corporation (NYSE:PAR) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $26.1667.

A number of equities analysts have commented on PAR shares. JPMorgan Chase & Co. lifted their price objective on shares of PAR Technology from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Needham & Company LLC dropped their price objective on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Royal Bank Of Canada set a $16.00 target price on shares of PAR Technology in a research note on Tuesday, June 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a report on Friday, March 27th. Finally, Benchmark decreased their price target on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, March 16th.

Insider Buying and Selling

In other news, insider Cathy A. King sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total transaction of $307,600.00. Following the transaction, the insider owned 122,919 shares in the company, valued at approximately $1,890,494.22. This trade represents a 13.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp purchased 156,249 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average cost of $14.85 per share, with a total value of $2,320,297.65. Following the completion of the acquisition, the insider owned 5,125,000 shares in the company, valued at $76,106,250. The trade was a 3.14% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 1,069,900 shares of company stock valued at $15,568,965. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On PAR Technology

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc grew its stake in shares of PAR Technology by 325.5% in the second quarter. Versant Capital Management Inc now owns 5,110 shares of the software maker’s stock valued at $89,000 after acquiring an additional 3,909 shares in the last quarter. Bank of America Corp DE grew its position in shares of PAR Technology by 4.7% during the 1st quarter. Bank of America Corp DE now owns 118,705 shares of the software maker’s stock worth $1,582,000 after purchasing an additional 5,374 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of PAR Technology by 199.8% during the first quarter. Quantinno Capital Management LP now owns 73,935 shares of the software maker’s stock worth $986,000 after purchasing an additional 49,276 shares during the period. Progeny 3 Inc. increased its holdings in shares of PAR Technology by 5.6% during the first quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock worth $28,937,000 after purchasing an additional 114,500 shares during the period. Finally, ABS Direct Equity Fund LLC raised its position in shares of PAR Technology by 15.4% in the first quarter. ABS Direct Equity Fund LLC now owns 150,000 shares of the software maker’s stock valued at $2,000,000 after buying an additional 20,000 shares in the last quarter.

PAR Technology Price Performance

Shares of NYSE PAR opened at $16.70 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average price is $15.30 and its two-hundred day moving average price is $20.13. The company has a market cap of $689.04 million, a PE ratio of -8.93 and a beta of 1.32. PAR Technology has a twelve month low of $11.59 and a twelve month high of $72.15.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $123.97 million during the quarter, compared to analysts’ expectations of $116.88 million. PAR Technology had a negative return on equity of 2.57% and a negative net margin of 16.04%.The business’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm posted ($0.01) earnings per share. On average, analysts predict that PAR Technology will post -0.16 EPS for the current year.

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.