Shares of PAR Technology Co. (NYSE:PAR – Get Rating) have earned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $52.60.
A number of research firms have recently weighed in on PAR. Needham & Company LLC increased their price objective on shares of PAR Technology from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, August 10th. Jefferies Financial Group downgraded PAR Technology from a "buy" rating to a "hold" rating and set a $40.00 price target on the stock. in a research report on Wednesday, August 10th. The Goldman Sachs Group boosted their price objective on PAR Technology from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, August 10th. Finally, StockNews.com raised PAR Technology to a "sell" rating in a report on Thursday, August 18th.
Get PAR Technology alerts:PAR Technology Stock Performance
Shares of PAR opened at $33.53 on Friday. The stock has a 50-day moving average of $39.28 and a two-hundred day moving average of $38.08. 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 stock has a market cap of $907.29 million, a P/E ratio of -9.69 and a beta of 1.82. PAR Technology has a one year low of $28.87 and a one year high of $73.45.
PAR Technology (NYSE:PAR – Get Rating) last issued its earnings results on Tuesday, August 9th. The software maker reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.02). 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 analysts' expectations of $79.57 million. During the same quarter in the prior year, the company earned ($0.39) EPS. PAR Technology's quarterly revenue was up 23.4% on a year-over-year basis. As a group, research analysts predict that PAR Technology will post -1.92 EPS for the current year.Institutional Investors Weigh In On PAR Technology
A number of institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its position in shares of PAR Technology by 5.9% in the second quarter. Legal & General Group Plc now owns 9,256 shares of the software maker's stock valued at $347,000 after purchasing an additional 518 shares during the period. Macquarie Group Ltd. lifted its position in shares of PAR Technology by 1.0% in the second quarter. Macquarie Group Ltd. now owns 52,747 shares of the software maker's stock valued at $1,978,000 after acquiring an additional 545 shares in the last quarter. Parallax Volatility Advisers L.P. acquired a new stake in PAR Technology during the 2nd quarter worth $2,096,000. Price T Rowe Associates Inc. MD boosted its position in PAR Technology by 1.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,139,470 shares of the software maker's stock worth $117,699,000 after acquiring an additional 42,695 shares during the last quarter. Finally, State Street Corp grew its stake in PAR Technology by 3.1% during the 2nd quarter. State Street Corp now owns 500,218 shares of the software maker's stock valued at $18,753,000 after acquiring an additional 15,271 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.
Further Reading
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