PAR Technology Co. (NYSE:PAR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of PAR Technology Co. (NYSE:PAR) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $81.86.

A number of research analysts have weighed in on PAR shares. Craig Hallum restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reissued an “overweight” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Benchmark reaffirmed a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Monday, March 3rd. Finally, Citigroup restated a “neutral” rating on shares of PAR Technology in a research note on Friday, February 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PAR. The Manufacturers Life Insurance Company boosted its holdings in shares of PAR Technology by 6.0% during the third quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker’s stock worth $892,000 after acquiring an additional 974 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in PAR Technology by 8.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 66,894 shares of the software maker’s stock worth $3,484,000 after purchasing an additional 5,225 shares during the last quarter. State Street Corp boosted its stake in PAR Technology by 1.2% in the 3rd quarter. State Street Corp now owns 885,338 shares of the software maker’s stock valued at $46,108,000 after purchasing an additional 10,582 shares during the period. Barclays PLC grew its holdings in PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock valued at $3,310,000 after buying an additional 51,578 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after buying an additional 81,551 shares during the period.

PAR Technology Trading Up 1.8 %

NYSE:PAR opened at $56.36 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology has a twelve month low of $37.74 and a twelve month high of $82.24. The company has a market cap of $2.27 billion, a P/E ratio of -225.45 and a beta of 1.95. The business has a 50 day moving average price of $61.80 and a two-hundred day moving average price of $66.76.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.17). The business had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company’s quarterly revenue was up 50.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.33) earnings per share. As a group, analysts expect that PAR Technology will post -1.47 EPS for the current fiscal year.

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.