PAR Technology Co. (NYSE:PAR) Given Average Recommendation of “Hold” by Brokerages

Shares of PAR Technology Co. (NYSE:PARGet Rating) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $36.40.

Several equities research analysts recently issued reports on PAR shares. Craig Hallum cut their target price on shares of PAR Technology to $35.00 in a research note on Tuesday, November 15th. Needham & Company LLC cut their target price on shares of PAR Technology from $53.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, November 10th. The Goldman Sachs Group cut their target price on shares of PAR Technology from $44.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, November 14th. StockNews.com began coverage on shares of PAR Technology in a research report on Wednesday, October 12th. They set a “sell” rating for the company. Finally, BTIG Research cut their price objective on shares of PAR Technology from $60.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, November 9th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PAR. Tower Research Capital LLC TRC increased its holdings in shares of PAR Technology by 70.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the software maker’s stock worth $53,000 after purchasing an additional 742 shares during the period. SG Americas Securities LLC bought a new position in shares of PAR Technology during the first quarter worth approximately $136,000. Truist Financial Corp bought a new position in shares of PAR Technology during the second quarter worth approximately $202,000. Teacher Retirement System of Texas increased its holdings in shares of PAR Technology by 11.6% during the first quarter. Teacher Retirement System of Texas now owns 5,262 shares of the software maker’s stock worth $212,000 after purchasing an additional 549 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of PAR Technology by 173.0% during the second quarter. BNP Paribas Arbitrage SA now owns 6,004 shares of the software maker’s stock worth $225,000 after purchasing an additional 3,805 shares during the period.

PAR Technology Stock Down 0.6 %

Shares of NYSE:PAR opened at $23.95 on Friday. PAR Technology has a 52-week low of $20.37 and a 52-week high of $59.42. The company has a 50-day simple moving average of $27.89 and a 200 day simple moving average of $34.03. The company has a current ratio of 3.55, a quick ratio of 2.94 and a debt-to-equity ratio of 1.01.

PAR Technology Company Profile

(Get Rating)

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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