PAR Technology (PAR) Receives New Coverage from Analysts at Jefferies Financial Group
Stock analysts at Jefferies Financial Group began coverage on shares of PAR Technology (NYSE:PAR) in a report released on Wednesday, Marketbeat reports. The firm set a “buy” rating on the software maker’s stock.
A number of other research firms have also commented on PAR. ValuEngine upgraded shares of PAR Technology from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Roth Capital began coverage on shares of PAR Technology in a research report on Tuesday, February 5th. They set a “buy” rating and a $31.00 price target for the company.
Shares of PAR stock traded up $0.94 during trading hours on Wednesday, hitting $26.44. 2,709 shares of the company were exchanged, compared to its average volume of 159,057. PAR Technology has a 52-week low of $13.37 and a 52-week high of $28.53. The firm has a market cap of $398.68 million, a P/E ratio of -84.19 and a beta of -0.05. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.05.
A number of institutional investors have recently bought and sold shares of PAR. AQR Capital Management LLC purchased a new position in shares of PAR Technology during the third quarter valued at about $274,000. Wells Fargo & Company MN lifted its holdings in PAR Technology by 37.9% during the 3rd quarter. Wells Fargo & Company MN now owns 16,574 shares of the software maker’s stock valued at $368,000 after buying an additional 4,553 shares in the last quarter. Teachers Advisors LLC lifted its holdings in PAR Technology by 87.4% during the 3rd quarter. Teachers Advisors LLC now owns 26,016 shares of the software maker’s stock valued at $578,000 after buying an additional 12,130 shares in the last quarter. BlackRock Inc. lifted its holdings in PAR Technology by 0.6% during the 4th quarter. BlackRock Inc. now owns 746,921 shares of the software maker’s stock valued at $16,246,000 after buying an additional 4,803 shares in the last quarter. Finally, Rhumbline Advisers increased its position in PAR Technology by 52.6% during the 4th quarter. Rhumbline Advisers now owns 14,297 shares of the software maker’s stock valued at $311,000 after purchasing an additional 4,927 shares during the period. 47.83% of the stock is owned by institutional investors and hedge funds.
About PAR Technology
PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including cloud-based, software-as-a-service Brink and on-premise POS PixelPoint solutions, and its POS hardware platforms, as well as installation, technical, and maintenance support services.
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