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 sent to investors on Wednesday.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group raised shares of PAR Technology from a hold rating to a buy rating and raised their price objective for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. The Goldman Sachs Group lifted their target price on shares of PAR Technology from $45.00 to $51.00 and gave the company a neutral rating in a research note on Monday, July 22nd. Benchmark reissued a buy rating and set a $69.00 target price on shares of PAR Technology in a research note on Friday, August 9th. Stephens raised shares of PAR Technology from an equal weight rating to an overweight rating and lifted their target price for the company from $46.00 to $60.00 in a research note on Thursday, June 13th. Finally, Needham & Company LLC lifted their target price on shares of PAR Technology from $57.00 to $60.00 and gave the company a buy rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $58.00.

PAR Technology Trading Down 2.0 %

PAR Technology stock opened at $56.00 on Wednesday. The company has a 50 day moving average price of $52.74 and a 200 day moving average price of $47.17. PAR Technology has a 52 week low of $28.21 and a 52 week high of $58.57. 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 market capitalization of $1.90 billion, a price-to-earnings ratio of -21.79 and a beta of 2.17.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PAR. Capital Research Global Investors raised its holdings 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 valued at $155,670,000 after purchasing an additional 1,068,641 shares in the last quarter. Progeny 3 Inc. raised its holdings in shares of PAR Technology by 47.1% during the 1st quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock valued at $54,026,000 after purchasing an additional 381,232 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of PAR Technology during the 1st quarter valued at $10,194,000. Vanguard Group Inc. raised its holdings in shares of PAR Technology by 9.0% during the 4th quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker’s stock valued at $91,808,000 after purchasing an additional 173,575 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC raised its holdings in shares of PAR Technology by 94.1% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 315,607 shares of the software maker’s stock valued at $13,742,000 after purchasing an additional 152,972 shares in 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.