PAR Technology Co. (NYSE:PAR) Receives Consensus Rating of “Hold” from Analysts

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

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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.

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Analyst Recommendations for PAR Technology (NYSE:PAR)

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