PAR Technology (NYSE:PAR) Reaches New 12-Month High at $55.73

PAR Technology Co. (NYSE:PAR)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $55.73 and last traded at $55.08, with a volume of 38192 shares changing hands. The stock had previously closed at $54.12.

Analyst Upgrades and Downgrades

PAR has been the topic of a number of research analyst reports. StockNews.com raised PAR Technology to a “sell” rating in a research report on Thursday, August 1st. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.00 to $60.00 in a research note on Monday, August 12th. The Goldman Sachs Group upped their price target on shares of PAR Technology from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Benchmark restated a “buy” rating and set a $69.00 price objective on shares of PAR Technology in a report on Friday, August 9th. Finally, Stephens raised shares of PAR Technology from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $46.00 to $60.00 in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, PAR Technology has an average rating of “Moderate Buy” and an average price target of $58.00.

PAR Technology Price Performance

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 company has a fifty day moving average price of $49.07 and a two-hundred day moving average price of $45.94. The company has a market cap of $2.00 billion, a P/E ratio of -21.06 and a beta of 2.18.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The company had revenue of $78.20 million for the quarter, compared to analyst estimates of $115.14 million. During the same period last year, the firm earned ($0.65) EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts anticipate that PAR Technology Co. will post -1.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Large investors have recently added to or reduced their stakes in the business. Capital Research Global Investors raised its position in shares of PAR Technology by 43.4% in the first 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 period. Vanguard Group Inc. grew 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 worth $97,950,000 after acquiring an additional 50,793 shares during the last quarter. Progeny 3 Inc. raised its holdings in PAR Technology by 10.9% in the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock valued at $62,199,000 after buying an additional 129,810 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of PAR Technology by 1.0% during the first quarter. Bamco Inc. NY now owns 901,872 shares of the software maker’s stock worth $40,909,000 after purchasing an additional 8,789 shares during the period. Finally, Reinhart Partners LLC. grew its position in shares of PAR Technology by 1.8% in the 2nd quarter. Reinhart Partners LLC. now owns 889,724 shares of the software maker’s stock valued at $41,897,000 after buying an additional 15,678 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.