PAR Technology (NYSE:PAR) Reaches New 1-Year High After Analyst Upgrade

PAR Technology Co. (NYSE:PAR)’s share price reached a new 52-week high during mid-day trading on Tuesday after Stephens raised their price target on the stock from $83.00 to $90.00. Stephens currently has an overweight rating on the stock. PAR Technology traded as high as $79.25 and last traded at $78.79, with a volume of 13135 shares trading hands. The stock had previously closed at $78.33.

Other equities research analysts also recently issued research reports about the company. StockNews.com upgraded PAR Technology to a “sell” rating in a report on Thursday, November 7th. Jefferies Financial Group upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $60.00 in a research report on Monday, August 12th. Benchmark boosted their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a report on Tuesday. Finally, Lake Street Capital boosted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment 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. According to data from MarketBeat.com, PAR Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.25.

Institutional Trading of PAR Technology

Several hedge funds and other institutional investors have recently modified their holdings of PAR. Arcadia Investment Management Corp MI bought a new position in shares of PAR Technology during the second quarter worth about $32,000. Amalgamated Bank boosted its position in PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after acquiring an additional 237 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of PAR Technology in the first quarter valued at approximately $99,000. nVerses Capital LLC bought a new stake in shares of PAR Technology in the third quarter worth $125,000. Finally, RiverPark Advisors LLC bought a new stake in shares of PAR Technology in the second quarter worth $191,000.

PAR Technology Trading Up 4.1 %

The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The business’s 50-day moving average is $62.12 and its two-hundred day moving average is $53.72. The firm has a market cap of $2.91 billion, a P/E ratio of -307.67 and a beta of 2.14.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $91.01 million. During the same quarter last year, the company earned ($0.35) EPS. PAR Technology’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, analysts predict that PAR Technology Co. will post -1.56 earnings per share for the current fiscal year.

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.