PAR Technology Corporation (NYSE:PAR – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.6111.
Several brokerages have recently weighed in on PAR. UBS Group set a $16.00 price objective on shares of PAR Technology in a research note on Tuesday, June 9th. Weiss Ratings restated a “sell (e+)” rating on shares of PAR Technology in a research report on Friday, July 10th. Royal Bank Of Canada set a $16.00 target price on shares of PAR Technology in a report on Tuesday, June 9th. Jefferies Financial Group set a $18.00 price target on shares of PAR Technology in a research report on Saturday, May 9th. Finally, BTIG Research dropped their price target on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th.
View Our Latest Research Report on PAR
PAR Technology Stock Down 0.5%
PAR Technology (NYSE:PAR – Get Free Report) last announced its earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $133.41 million for the quarter, compared to analysts’ expectations of $124.66 million. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%.The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. As a group, sell-side analysts predict that PAR Technology will post -0.13 EPS for the current year.
Insider Activity at PAR Technology
In other PAR Technology news, 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 completion of the sale, the insider owned 122,919 shares of the company’s stock, valued at approximately $1,890,494.22. The trade was a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Narinder Singh purchased 11,518 shares of PAR Technology stock in a transaction on Wednesday, August 12th. The stock was bought at an average price of $17.36 per share, with a total value of $199,952.48. Following the transaction, the director owned 38,527 shares of the company’s stock, valued at approximately $668,828.72. This represents a 42.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 361,518 shares of company stock worth $5,261,827. Corporate insiders own 2.30% of the company’s stock.
Institutional Investors Weigh In On PAR Technology
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAR. State of Wyoming purchased a new position in PAR Technology during the fourth quarter valued at approximately $34,000. Kestra Advisory Services LLC purchased a new stake in shares of PAR Technology in the fourth quarter worth $35,000. Bamco Inc. NY bought a new stake in shares of PAR Technology during the 2nd quarter valued at $38,000. Versant Capital Management Inc raised its position in shares of PAR Technology by 325.5% during the 2nd quarter. Versant Capital Management Inc now owns 5,110 shares of the software maker’s stock valued at $89,000 after purchasing an additional 3,909 shares during the period. Finally, MidFirst Bank bought a new stake in shares of PAR Technology during the 4th quarter valued at $113,000.
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.
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