PAR Technology Corporation (NYSE:PAR) Stock Now Rated “Moderate Buy” by Wall Street Analysts

PAR Technology Corporation (NYSE:PAR) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.61.

PAR has been the topic of a number of analyst reports. BTIG Research decreased their target price on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. The Goldman Sachs Group raised their price target on shares of PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. boosted their price objective on PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. UBS Group set a $16.00 target price on shares of PAR Technology in a report on Tuesday, June 9th. Finally, Royal Bank Of Canada set a $16.00 price target on PAR Technology in a research note on Tuesday, June 9th.

PAR Technology Stock Performance

Shares of PAR stock opened at $13.95 on Friday. PAR Technology has a 52 week low of $11.59 and a 52 week high of $40.79. The company has a 50-day simple moving average of $17.55 and a 200 day simple moving average of $15.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21. The company has a market capitalization of $576.81 million, a price-to-earnings ratio of -7.92 and a beta of 1.33.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $133.41 million during the quarter, compared to analysts’ expectations of $124.66 million. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%.The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the firm posted $0.03 EPS. On average, sell-side analysts predict that PAR Technology will post -0.13 earnings per share for the current year.

Insider Buying and Selling at PAR Technology

In other PAR Technology news, Director Narinder Singh acquired 11,518 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $17.36 per share, with a total value of $199,952.48. Following the purchase, the director directly owned 38,527 shares of the company’s stock, valued at $668,828.72. This trade represents a 42.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PAR. WINTON GROUP Ltd bought a new stake in PAR Technology in the second quarter valued at $526,000. Integrated Wealth Concepts LLC purchased a new stake in shares of PAR Technology in the second quarter worth approximately $116,000. Squarepoint Ops LLC bought a new position in PAR Technology during the 2nd quarter valued at $183,000. Two Sigma Securities LLC bought a new position in shares of PAR Technology during the second quarter valued at about $189,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of PAR Technology by 28.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,299 shares of the software maker’s stock worth $1,521,000 after buying an additional 19,320 shares in the last quarter.

PAR Technology Company Profile

PAR Technology Corporation provides technology solutions for restaurants and other foodservice businesses. Its products are designed to support front-of-house and back-of-house operations, including point-of-sale transactions, payment processing, customer engagement, loyalty programs, workforce management, inventory management and restaurant analytics.

The company’s platform includes Brink POS, a cloud-based point-of-sale system for restaurant operators, as well as PAR Pay payment solutions and customer engagement technology associated with Punchh.