PAR Technology (NYSE:PAR) Reaches New 1-Year High – Time to Buy?

PAR Technology Co. (NYSE:PAR) reached a new 52-week high on Wednesday . The stock traded as high as $76.37 and last traded at $76.13, with a volume of 200262 shares trading hands. The stock had previously closed at $74.93.

Analyst Ratings Changes

Several brokerages recently issued reports on PAR. Benchmark boosted their price target on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group upped their target price on PAR Technology from $59.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Needham & Company LLC boosted their price target on shares of PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, November 7th. Finally, Craig Hallum upped their target price on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.38.

PAR Technology Price Performance

The stock has a market capitalization of $2.81 billion, a P/E ratio of -308.71 and a beta of 2.14. The company’s 50 day simple moving average is $60.84 and its two-hundred day simple moving average is $52.87. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) 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 firm had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. During the same quarter in the prior year, the firm earned ($0.35) EPS. The company’s revenue was down 9.6% on a year-over-year basis. As a group, equities analysts expect that PAR Technology Co. will post -1.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new stake in shares of PAR Technology during the first quarter worth $242,000. ProShare Advisors LLC acquired a new stake in PAR Technology in the first quarter worth about $222,000. State Board of Administration of Florida Retirement System raised its holdings in PAR Technology by 8.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker’s stock worth $372,000 after purchasing an additional 610 shares during the last quarter. Vanguard Group Inc. lifted its position in PAR Technology by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock valued at $97,950,000 after purchasing an additional 50,793 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of PAR Technology by 43.4% in the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock valued at $155,670,000 after purchasing an additional 1,068,641 shares during the last quarter.

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.