PAR Technology’s (PAR) Outperform Rating Reiterated at William Blair

William Blair reiterated their outperform rating on shares of PAR Technology (NYSE:PAR) in a research report report published on Tuesday,RTT News reports.

A number of other equities research analysts also recently weighed in on the company. The Goldman Sachs Group lowered their target price on PAR Technology from $50.00 to $38.00 and set a “neutral” rating for the company in a report on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of PAR Technology in a report on Wednesday, October 8th. BTIG Research upgraded PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 target price for the company in a report on Friday, August 15th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a report on Friday, July 11th. Finally, Benchmark lowered their target price on PAR Technology from $92.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, August 19th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.57.

PAR Technology Trading Down 2.9%

Shares of PAR stock opened at $34.70 on Tuesday. The company has a market cap of $1.41 billion, a P/E ratio of -15.42 and a beta of 1.65. The stock has a 50 day simple moving average of $44.75 and a two-hundred day simple moving average of $57.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.49 and a current ratio of 1.70. PAR Technology has a fifty-two week low of $34.51 and a fifty-two week high of $82.24.

PAR Technology (NYSE:PAR) last issued its earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $112.40 million during the quarter, compared to the consensus estimate of $111.02 million. PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%.The company’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. Research analysts forecast that PAR Technology will post -1.47 earnings per share for the current year.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank grew its stake in PAR Technology by 66.2% in the second quarter. Huntington National Bank now owns 437 shares of the software maker’s stock valued at $30,000 after acquiring an additional 174 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of PAR Technology by 8,616.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the software maker’s stock valued at $32,000 after buying an additional 517 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of PAR Technology by 68.6% during the second quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock valued at $39,000 after buying an additional 229 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of PAR Technology by 232.4% during the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker’s stock valued at $43,000 after buying an additional 488 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of PAR Technology by 161.7% during the first quarter. Assetmark Inc. now owns 785 shares of the software maker’s stock valued at $48,000 after buying an additional 485 shares during the last quarter.

PAR Technology Company Profile

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.