PAR Technology’s (PAR) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of PAR Technology (NYSE:PAR) in a research report sent to investors on Friday,Benzinga reports. The firm currently has a $90.00 target price on the software maker’s stock.

Several other research analysts have also issued reports on PAR. Lake Street Capital lifted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Benchmark lifted their target price on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Craig Hallum upped their target price on PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their price target on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. Finally, StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, PAR Technology has a consensus rating of “Moderate Buy” and a consensus price target of $79.25.

PAR Technology Stock Up 3.6 %

PAR opened at $74.08 on Friday. 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 company has a market capitalization of $2.69 billion, a PE ratio of -296.31 and a beta of 2.21. The stock’s fifty day moving average is $73.47 and its 200-day moving average is $59.70. PAR Technology has a one year low of $37.74 and a one year high of $82.24.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. PAR Technology’s revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.35) EPS. On average, equities analysts predict that PAR Technology will post -1.47 EPS for the current fiscal year.

Institutional Trading of PAR Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of PAR Technology by 44.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,918 shares of the software maker’s stock valued at $279,000 after acquiring an additional 1,821 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of PAR Technology in the second quarter worth $211,000. Commonwealth Equity Services LLC boosted its holdings in shares of PAR Technology by 13.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,750 shares of the software maker’s stock worth $553,000 after buying an additional 1,355 shares during the period. Rhumbline Advisers grew its stake in PAR Technology by 8.9% in the 2nd quarter. Rhumbline Advisers now owns 50,423 shares of the software maker’s stock valued at $2,374,000 after buying an additional 4,124 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in PAR Technology by 18.5% in the 2nd quarter. TD Asset Management Inc now owns 141,094 shares of the software maker’s stock worth $6,644,000 after acquiring an additional 22,004 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.