PAR Technology Corporation (NYSE:PAR) Stock Rated “Moderate Buy” by Wall Street Brokerages

PAR Technology Corporation (NYSE:PAR) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $24.61.

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of PAR Technology in a research report on Monday, September 28th. JPMorgan Chase & Co. upped their price objective on PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. BTIG Research reduced their price objective on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, The Goldman Sachs Group increased their price objective on PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a research report on Thursday, July 9th.

Insider Buying and Selling at PAR Technology

In other news, Director Narinder Singh bought 11,518 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was bought at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the completion of the transaction, the director directly owned 38,527 shares in the company, valued at $668,828.72. The trade was a 42.65% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PAR Technology

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in PAR Technology in the second quarter valued at approximately $70,563,000. Progeny 3 Inc. grew its holdings in PAR Technology by 5.6% during the 1st quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock worth $28,937,000 after acquiring an additional 114,500 shares during the period. Bandera Partners LLC bought a new stake in shares of PAR Technology during the 1st quarter valued at $9,331,000. Stephens Investment Management Group LLC raised its position in shares of PAR Technology by 62.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 458,621 shares of the software maker’s stock valued at $6,113,000 after acquiring an additional 175,831 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of PAR Technology in the 1st quarter valued at $5,508,000.

PAR Technology Stock Performance

Shares of NYSE:PAR opened at $17.35 on Tuesday. PAR Technology has a 12 month low of $11.59 and a 12 month high of $40.54. The company’s 50-day moving average price is $17.02 and its two-hundred day moving average price is $15.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The company had revenue of $133.41 million during the quarter, compared to the consensus estimate of $124.66 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The company’s revenue was up 18.7% on a year-over-year basis. On average, sell-side analysts predict that PAR Technology will post -0.13 EPS for the current year.

PAR Technology Company Profile

PAR Technology Corporation (NYSE:PAR) provides technology solutions for the restaurant and hospitality industries. Its platform is designed to help restaurant brands manage point-of-sale operations, payments, back-office workflows, guest engagement, loyalty programs and related data across corporate and franchised locations.

The company’s portfolio includes Brink, a cloud-based restaurant point-of-sale system; PAR Pay payment solutions; and guest engagement and loyalty capabilities associated with Punchh.