PAR Technology (NYSE:PAR) Rating Reiterated by Needham & Company LLC

PAR Technology (NYSE:PAR)‘s stock had its “buy” rating restated by stock analysts at Needham & Company LLC in a note issued to investors on Thursday, Benzinga reports. They currently have a $53.00 price objective on the software maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 17.57% from the company’s current price.

A number of other equities analysts have also recently issued reports on the stock. Sidoti raised shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, March 12th. William Blair reiterated an “outperform” rating on shares of PAR Technology in a research note on Tuesday, March 12th. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, March 7th. TheStreet raised shares of PAR Technology from a “d+” rating to a “c-” rating in a research note on Thursday, February 15th. Finally, Benchmark began coverage on PAR Technology in a report on Tuesday, February 13th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.57.

PAR Technology Stock Up 5.5 %

Shares of NYSE:PAR opened at $45.08 on Thursday. PAR Technology has a 12-month low of $24.76 and a 12-month high of $49.84. The company has a current ratio of 2.25, a quick ratio of 1.96 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.26 billion, a PE ratio of -17.82 and a beta of 1.98. The company has a fifty day simple moving average of $44.96 and a 200 day simple moving average of $40.82.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Tuesday, February 27th. The software maker reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.05). PAR Technology had a negative net margin of 16.77% and a negative return on equity of 16.46%. The firm had revenue of $107.71 million during the quarter, compared to the consensus estimate of $106.12 million. On average, equities research analysts anticipate that PAR Technology will post -1.15 EPS for the current fiscal year.

Insider Activity

In related news, Director Douglas Gregory Rauch sold 4,500 shares of PAR Technology stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $42.04, for a total transaction of $189,180.00. Following the transaction, the director now directly owns 14,365 shares of the company’s stock, valued at $603,904.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.67% of the company’s stock.

Institutional Trading of PAR Technology

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in PAR Technology by 82.3% during the first quarter. Tower Research Capital LLC TRC now owns 1,398 shares of the software maker’s stock valued at $48,000 after buying an additional 631 shares in the last quarter. UBS Group AG boosted its position in PAR Technology by 1,087.7% during the 4th quarter. UBS Group AG now owns 3,563 shares of the software maker’s stock worth $93,000 after acquiring an additional 3,263 shares during the period. Royal Bank of Canada increased its holdings in shares of PAR Technology by 44.3% in the 2nd quarter. Royal Bank of Canada now owns 4,325 shares of the software maker’s stock valued at $143,000 after purchasing an additional 1,327 shares during the period. Nebula Research & Development LLC purchased a new position in PAR Technology during the fourth quarter valued at approximately $201,000. Finally, Bayesian Capital Management LP acquired a new position in PAR Technology in the 4th quarter valued at approximately $253,000.

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.