StockNews.com upgraded shares of PAR Technology (NYSE:PAR – Get Rating) to a sell rating in a research report report published on Thursday.
Several other research firms also recently commented on PAR. The Goldman Sachs Group lifted their price target on shares of PAR Technology from $44.00 to $50.00 and gave the stock a neutral rating in a research note on Wednesday, August 10th. Jefferies Financial Group downgraded shares of PAR Technology from a buy rating to a hold rating and set a $40.00 price target on the stock. in a research note on Wednesday, August 10th. Finally, Needham & Company LLC raised their target price 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $52.60.
Get PAR Technology alerts:PAR Technology Trading Down 4.3 %
Shares of PAR opened at $38.16 on Thursday. The firm's 50 day simple moving average is $38.95 and its 200 day simple moving average is $38.24. The company has a market capitalization of $1.03 billion, a P/E ratio of -11.03 and a beta of 1.82. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.24 and a quick ratio of 3.56. PAR Technology has a 1-year low of $28.87 and a 1-year high of $73.45.
PAR Technology (NYSE:PAR – Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The software maker reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The business had revenue of $85.09 million for the quarter, compared to analysts' expectations of $79.57 million. PAR Technology had a negative return on equity of 17.72% and a negative net margin of 28.34%. The company's revenue was up 23.4% compared to the same quarter last year. During the same period last year, the business posted ($0.39) earnings per share. Sell-side analysts forecast that PAR Technology will post -1.92 earnings per share for the current fiscal year.Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in PAR Technology by 1.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,139,470 shares of the software maker's stock valued at $117,699,000 after acquiring an additional 42,695 shares in the last quarter. Capital Research Global Investors boosted its holdings in PAR Technology by 3.9% in the fourth quarter. Capital Research Global Investors now owns 3,092,461 shares of the software maker's stock valued at $163,189,000 after acquiring an additional 115,094 shares in the last quarter. MFN Partners Management LP boosted its holdings in PAR Technology by 70.7% in the second quarter. MFN Partners Management LP now owns 1,862,957 shares of the software maker's stock valued at $69,842,000 after acquiring an additional 771,553 shares in the last quarter. Vanguard Group Inc. boosted its holdings in PAR Technology by 6.2% in the first quarter. Vanguard Group Inc. now owns 1,474,270 shares of the software maker's stock valued at $59,471,000 after acquiring an additional 85,559 shares in the last quarter. Finally, Greenhaven Road Investment Management L.P. boosted its holdings in PAR Technology by 17.5% in the first quarter. Greenhaven Road Investment Management L.P. now owns 1,376,375 shares of the software maker's stock valued at $55,523,000 after acquiring an additional 205,158 shares in the last quarter.
About PAR Technology
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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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