StockNews.com Upgrades PAR Technology (NYSE:PAR) to Sell

StockNews.com upgraded shares of PAR Technology (NYSE:PAR) to a sell rating in a report published on Thursday.

A number of other research firms have also recently issued reports on PAR. The Goldman Sachs Group lifted their price objective on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. 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. Stephens raised their price objective on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Lake Street Capital boosted their target price on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Craig Hallum raised their price target on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

PAR Technology Trading Up 0.5 %

NYSE:PAR opened at $71.65 on Thursday. The stock has a market cap of $2.77 billion, a PE ratio of -286.57 and a beta of 2.21. PAR Technology has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The stock’s 50-day moving average is $74.89 and its two-hundred day moving average is $62.43.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.35) EPS. As a group, equities research analysts forecast that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PAR. Amalgamated Bank boosted its holdings in PAR Technology by 25.5% during the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after acquiring an additional 237 shares during the period. nVerses Capital LLC bought a new stake in PAR Technology during the 3rd quarter valued at approximately $125,000. KBC Group NV grew its holdings in PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after buying an additional 400 shares during the last quarter. Victory Capital Management Inc. increased its position in PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after buying an additional 219 shares during the period. Finally, RiverPark Advisors LLC lifted its holdings in shares of PAR Technology by 21.3% during the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares during the last quarter.

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.