Brokerages Set PAR Technology Corporation (NYSE:PAR) Target Price at $25.78

PAR Technology Corporation (NYSE:PAR) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $25.7778.

A number of equities research analysts have recently commented on PAR shares. Needham & Company LLC reduced their target price on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Benchmark reduced their target price on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, March 16th. The Goldman Sachs Group reduced their target price on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. UBS Group set a $16.00 target price on shares of PAR Technology in a research report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a research report on Friday, March 27th.

Insider Activity

In related news, insider Cathy A. King sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $15.38, for a total transaction of $307,600.00. Following the completion of the sale, the insider directly owned 122,919 shares in the company, valued at approximately $1,890,494.22. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp acquired 125,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $14.62 per share, with a total value of $1,827,500.00. Following the completion of the transaction, the insider owned 4,775,000 shares of the company’s stock, valued at $69,810,500. The trade was a 2.69% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PAR Technology

Several hedge funds and other institutional investors have recently bought and sold shares of PAR. Greenstone Partners & Co. LLC acquired a new stake in PAR Technology during the fourth quarter worth about $36,981,000. Long Focus Capital Management LLC increased its position in PAR Technology by 4,210.9% during the third quarter. Long Focus Capital Management LLC now owns 877,575 shares of the software maker’s stock worth $34,734,000 after purchasing an additional 857,218 shares during the last quarter. SG Americas Securities LLC acquired a new stake in PAR Technology during the fourth quarter worth about $27,274,000. Bandera Partners LLC acquired a new stake in PAR Technology during the first quarter worth about $9,331,000. Finally, Capital Research Global Investors increased its position in PAR Technology by 17.3% during the third quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock worth $128,121,000 after purchasing an additional 476,839 shares during the last quarter.

PAR Technology Price Performance

Shares of NYSE PAR opened at $14.92 on Wednesday. The firm has a 50-day simple moving average of $14.13 and a 200-day simple moving average of $22.70. The stock has a market capitalization of $615.57 million, a price-to-earnings ratio of -7.98 and a beta of 1.35. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.51. PAR Technology has a 52 week low of $11.59 and a 52 week high of $72.15.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, May 7th. The software maker reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $123.97 million during the quarter, compared to analysts’ expectations of $116.88 million. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. On average, equities analysts predict that PAR Technology will post -0.28 earnings per share for the current fiscal year.

About PAR Technology

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.