PAR Technology (NYSE:PAR) Upgraded at StockNews.com

PAR Technology (NYSE:PAR) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research note issued to investors on Thursday.

A number of other equities analysts have also recently issued reports on PAR. Stephens upped their price objective on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Craig Hallum lifted their price target on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Lake Street Capital upped their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Benchmark lifted their target price on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group boosted their price target on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Price Performance

PAR traded down $0.86 on Thursday, reaching $71.15. The company had a trading volume of 557,075 shares, compared to its average volume of 678,412. PAR Technology has a 52-week low of $37.74 and a 52-week high of $82.24. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -284.57 and a beta of 2.21. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The business has a 50 day simple moving average of $74.94 and a 200 day simple moving average of $62.07.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.35) EPS. As a group, sell-side analysts anticipate that PAR Technology will post -1.47 EPS for the current year.

Hedge Funds Weigh In On PAR Technology

Several hedge funds and other institutional investors have recently modified their holdings of the company. Amalgamated Bank grew its stake in shares of PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of PAR Technology in the 3rd quarter worth approximately $125,000. KBC Group NV increased its stake in shares of PAR Technology by 30.4% during the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after buying an additional 400 shares during the period. Victory Capital Management Inc. raised its holdings in shares of PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after acquiring an additional 219 shares in the last quarter. Finally, RiverPark Advisors LLC lifted its stake in PAR Technology by 21.3% in the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after acquiring an additional 865 shares during the period.

About PAR Technology

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.