Shares of PAR Technology Co. (NYSE:PAR – Get Rating) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $52.60.
PAR has been the subject of several recent research reports. StockNews.com initiated coverage on shares of PAR Technology in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. The Goldman Sachs Group increased their price target on shares of PAR Technology from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Needham & Company LLC raised their price objective on shares of PAR Technology from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, Jefferies Financial Group lowered shares of PAR Technology from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a report on Wednesday, August 10th.
Institutional Trading of PAR Technology
Several hedge funds have recently modified their holdings of PAR. Sargent Bickham Lagudis LLC acquired a new stake in shares of PAR Technology in the first quarter valued at approximately $61,000. SG Americas Securities LLC bought a new position in PAR Technology in the first quarter valued at approximately $136,000. Truist Financial Corp bought a new position in PAR Technology in the second quarter valued at approximately $202,000. Teacher Retirement System of Texas boosted its stake in PAR Technology by 11.6% in the first quarter. Teacher Retirement System of Texas now owns 5,262 shares of the software maker’s stock valued at $212,000 after acquiring an additional 549 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in PAR Technology by 173.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,004 shares of the software maker’s stock valued at $225,000 after acquiring an additional 3,805 shares during the last quarter.
PAR Technology Stock Up 0.6 %
NYSE PAR opened at $27.45 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.56 and a current ratio of 4.24. The firm has a 50-day simple moving average of $32.75 and a 200 day simple moving average of $35.62. PAR Technology has a twelve month low of $26.72 and a twelve month high of $73.45. The stock has a market cap of $748.67 million, a PE ratio of -7.93 and a beta of 1.87.
PAR Technology (NYSE:PAR – Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The software maker reported ($0.48) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.48). PAR Technology had a negative net margin of 28.34% and a negative return on equity of 17.72%. The firm had revenue of $85.09 million during the quarter, compared to analyst estimates of $79.57 million. During the same quarter in the prior year, the business posted ($0.39) earnings per share. The company’s quarterly revenue was up 23.4% compared to the same quarter last year. On average, research analysts forecast that PAR Technology will post -1.92 EPS for the current year.
PAR Technology Company Profile
PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including Brink POS, an open cloud solution that integrates with third-party products and in-house systems; Punchh, an enterprise-grade customer loyalty and engagement solution for restaurant and convenience store brands; Data Central, a cloud software solution for back-office applications; PAR Payment Services, a merchant services offering; POS integrated solutions for wireless headsets for drive-thru order-taking; and the PAR Infinity, PAR Phase, PAR Helix, and the EverServ 8000 series platform.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to firstname.lastname@example.org.
Before you consider PAR Technology, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PAR Technology wasn’t on the list.
While PAR Technology currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here