PAR Technology (NYSE:PAR) Upgraded at StockNews.com

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

Several other analysts have also recently issued reports on the stock. Needham & Company LLC increased their price target on shares of PAR Technology from $57.00 to $60.00 and gave the stock a buy rating in a research report on Friday, August 9th. Stephens raised shares of PAR Technology from an equal weight rating to an overweight rating and raised their price target for the company from $46.00 to $60.00 in a research report on Thursday, June 13th. The Goldman Sachs Group upped their price objective on PAR Technology from $45.00 to $51.00 and gave the stock a neutral rating in a research report on Monday, July 22nd. Benchmark reiterated a buy rating and issued a $69.00 target price on shares of PAR Technology in a report on Friday, August 9th. Finally, Jefferies Financial Group raised PAR Technology from a hold rating to a buy rating and boosted their target price for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PAR Technology currently has an average rating of Moderate Buy and a consensus price target of $58.00.

PAR Technology Stock Down 2.0 %

PAR Technology stock opened at $56.04 on Wednesday. The company has a market capitalization of $1.90 billion, a PE ratio of -21.81 and a beta of 2.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. PAR Technology has a fifty-two week low of $28.21 and a fifty-two week high of $58.57. The firm has a 50 day moving average price of $52.74 and a 200 day moving average price of $47.21.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) earnings per share 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 firm had revenue of $78.20 million during the quarter, compared to analyst estimates of $115.14 million. During the same period in the previous year, the firm posted ($0.65) earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts expect that PAR Technology will post -1.67 earnings per share for the current year.

Institutional Investors Weigh In On PAR Technology

Several large investors have recently modified their holdings of the stock. Amalgamated Bank grew its position in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after buying an additional 237 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of PAR Technology by 8.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker’s stock valued at $372,000 after acquiring an additional 610 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of PAR Technology during the second quarter worth about $32,000. Price T Rowe Associates Inc. MD raised its holdings in PAR Technology by 14.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,655 shares of the software maker’s stock worth $348,000 after purchasing an additional 954 shares in the last quarter. Finally, Swiss National Bank lifted its position in PAR Technology by 2.2% in the first quarter. Swiss National Bank now owns 55,300 shares of the software maker’s stock valued at $2,508,000 after purchasing an additional 1,200 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.