PAR Technology Corporation (NYSE:PAR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of PAR Technology Corporation (NYSE:PARGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $25.7778.

Several equities research analysts have issued reports on PAR shares. JPMorgan Chase & Co. raised shares of PAR Technology from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $16.00 in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. Jefferies Financial Group set a $18.00 price target on shares of PAR Technology in a research note on Saturday, May 9th. BTIG Research cut their price objective on shares of PAR Technology from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, UBS Group set a $16.00 price objective on shares of PAR Technology in a report on Tuesday.

Get Our Latest Analysis on PAR

Insider Activity

In related news, major shareholder Voss Capital, Lp acquired 594,900 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of $14.59 per share, for a total transaction of $8,679,591.00. Following the acquisition, the insider directly owned 4,675,000 shares in the company, valued at approximately $68,208,250. The trade was a 14.58% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Cathy A. King sold 20,000 shares of the 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 transaction, the insider owned 122,919 shares in the company, valued at approximately $1,890,494.22. The trade was a 13.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new position in shares of PAR Technology during the 3rd quarter worth about $26,000. Aster Capital Management DIFC Ltd purchased a new position in shares of PAR Technology during the 3rd quarter worth about $28,000. State of Wyoming purchased a new position in shares of PAR Technology during the 4th quarter worth about $34,000. Kestra Advisory Services LLC purchased a new position in shares of PAR Technology during the 4th quarter worth about $35,000. Finally, Central Pacific Bank Trust Division raised its holdings in PAR Technology by 50.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the software maker’s stock valued at $109,000 after buying an additional 1,000 shares during the period.

PAR Technology Price Performance

PAR Technology stock opened at $13.58 on Wednesday. PAR Technology has a 12-month low of $11.59 and a 12-month high of $72.15. The stock has a market capitalization of $560.13 million, a P/E ratio of -7.26 and a beta of 1.35. The firm’s 50-day moving average is $14.05 and its two-hundred day moving average is $23.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.10 and a quick ratio of 1.83.

PAR Technology (NYSE:PARGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The company had revenue of $123.97 million for the quarter, compared to analysts’ expectations of $116.88 million. During the same period last year, the company earned ($0.01) EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. Equities analysts predict that PAR Technology will post -0.28 earnings per share for the current year.

PAR Technology Company Profile

(Get Free Report)

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.

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Analyst Recommendations for PAR Technology (NYSE:PAR)

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