PAR Technology (NYSE:PAR) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of PAR Technology (NYSE:PAR) to a sell rating in a research note released on Thursday.

PAR has been the topic of a number of other research reports. The Goldman Sachs Group upped their price target on shares of PAR Technology from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Needham & Company LLC increased their price target on shares of PAR Technology from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Benchmark reissued a “buy” rating and set a $69.00 price target on shares of PAR Technology in a research report on Friday, August 9th. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and upped their price objective for the company from $45.00 to $60.00 in a research report on Monday, August 12th. Finally, Stephens lifted their target price on PAR Technology from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.17.

PAR Technology Price Performance

PAR stock opened at $74.24 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The firm has a 50 day moving average price of $57.04 and a 200-day moving average price of $50.96. PAR Technology has a 52-week low of $31.57 and a 52-week high of $74.64. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -296.96 and a beta of 2.14.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The company had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $115.14 million. During the same quarter in the previous year, the firm posted ($0.65) EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Equities research analysts forecast that PAR Technology will post -1.67 EPS for the current fiscal year.

Institutional Trading of PAR Technology

A number of hedge funds have recently bought and sold shares of PAR. Castleark Management LLC lifted its stake in shares of PAR Technology by 59.7% in the 1st quarter. Castleark Management LLC now owns 79,360 shares of the software maker’s stock worth $3,600,000 after purchasing an additional 29,680 shares during the period. Magnolia Capital Advisors LLC purchased a new position in shares of PAR Technology during the 2nd quarter worth $3,881,000. Capital Research Global Investors boosted its stake in shares of PAR Technology by 43.4% during the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after acquiring an additional 1,068,641 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of PAR Technology by 219.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker’s stock valued at $1,939,000 after acquiring an additional 28,273 shares during the period. Finally, Resolute Capital Asset Partners LLC raised its holdings in PAR Technology by 33.3% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock worth $2,825,000 after purchasing an additional 15,000 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.