PAR Technology Corporation (NYSE:PAR) Receives Average Recommendation of “Moderate Buy” from Brokerages

PAR Technology Corporation (NYSE:PAR) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $24.6111.

Several equities analysts have issued reports on PAR shares. Weiss Ratings upgraded PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. The Goldman Sachs Group raised their price target on PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a report on Thursday, July 9th. BTIG Research decreased their price target on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. JPMorgan Chase & Co. upped their price objective on PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Finally, Royal Bank Of Canada set a $16.00 price objective on PAR Technology in a research report on Tuesday, June 9th.

PAR Technology Stock Up 0.5%

Shares of PAR Technology stock opened at $19.32 on Monday. The company has a market cap of $799.08 million, a P/E ratio of -10.98 and a beta of 1.33. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21. PAR Technology has a one year low of $11.59 and a one year high of $52.98. The firm has a fifty day moving average of $17.50 and a two-hundred day moving average of $16.25.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. The business had revenue of $133.41 million for the quarter, compared to the consensus estimate of $124.66 million. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. On average, analysts forecast that PAR Technology will post -0.13 earnings per share for the current year.

Insider Transactions at PAR Technology

In related news, major shareholder Voss Capital, Lp acquired 193,751 shares of PAR Technology stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $14.15 per share, for a total transaction of $2,741,576.65. Following the completion of the purchase, the insider directly owned 4,968,751 shares of the company’s stock, valued at approximately $70,307,826.65. This trade represents a 4.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cathy A. King sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total transaction of $307,600.00. Following the sale, the insider directly owned 122,919 shares in the company, valued at approximately $1,890,494.22. This represents a 13.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have purchased a total of 361,518 shares of company stock valued at $5,261,827 in the last ninety days. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PAR Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming purchased a new stake in shares of PAR Technology during the 4th quarter worth approximately $34,000. Kestra Advisory Services LLC purchased a new position in PAR Technology in the 4th quarter valued at approximately $35,000. Bamco Inc. NY purchased a new position in PAR Technology in the 2nd quarter valued at approximately $38,000. Tower Research Capital LLC TRC raised its holdings in PAR Technology by 278.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock worth $216,000 after purchasing an additional 2,291 shares during the last quarter. Finally, MidFirst Bank purchased a new stake in PAR Technology during the fourth quarter worth $113,000.

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.