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

PAR Technology (NYSE:PAR) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research report issued on Thursday.

Other equities research analysts also recently issued reports about the stock. Benchmark restated a “buy” rating and set a $69.00 price objective on shares of PAR Technology in a research report on Friday, August 9th. Needham & Company LLC raised their price objective on shares of PAR Technology from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price target on shares of PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Jefferies Financial Group upgraded 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 report on Monday, August 12th. Finally, Stephens lifted their price target on shares of PAR Technology from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. One research 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.17.

PAR Technology Stock Performance

NYSE:PAR traded up $0.22 during mid-day trading on Thursday, hitting $66.49. The stock had a trading volume of 845,552 shares, compared to its average volume of 340,327. The company’s 50 day simple moving average is $56.64 and its 200 day simple moving average is $50.67. 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 stock has a market cap of $2.41 billion, a price-to-earnings ratio of -265.96 and a beta of 2.14. PAR Technology has a twelve month low of $31.57 and a twelve month high of $67.06.

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

Hedge Funds Weigh In On PAR Technology

Several hedge funds and other institutional investors have recently bought and sold shares of PAR. Capital Research Global Investors lifted its holdings in 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 buying an additional 1,068,641 shares during the period. Progeny 3 Inc. lifted its holdings in PAR Technology by 47.1% in the first quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock valued at $54,026,000 after buying an additional 381,232 shares during the period. TimesSquare Capital Management LLC acquired a new position in PAR Technology in the third quarter valued at $14,398,000. Magnolia Capital Advisors LLC acquired a new position in PAR Technology in the second quarter valued at $3,881,000. Finally, Renaissance Technologies LLC lifted its holdings in PAR Technology by 252.0% in the second quarter. Renaissance Technologies LLC now owns 105,600 shares of the software maker’s stock valued at $4,973,000 after buying an additional 75,600 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.