PAR Technology (NYSE:PAR) Lifted to Sell at StockNews.com

PAR Technology (NYSE:PAR) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research note issued on Wednesday.

A number of other brokerages also recently commented on PAR. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. Benchmark reaffirmed a “buy” rating and set a $69.00 price target on shares of PAR Technology in a research report on Friday, August 9th. Needham & Company LLC increased their price objective on PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. The Goldman Sachs Group lifted their target price on PAR Technology from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Finally, Stephens upgraded PAR Technology from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $46.00 to $60.00 in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

PAR Technology Price Performance

Shares of NYSE:PAR traded down $0.58 during midday trading on Wednesday, hitting $56.43. The company had a trading volume of 285,134 shares, compared to its average volume of 317,133. PAR Technology has a twelve month low of $28.21 and a twelve month high of $58.57. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -21.96 and a beta of 2.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.12 and a quick ratio of 2.80. The business’s 50-day simple moving average is $52.41 and its 200-day simple moving average is $47.00.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The company had revenue of $78.20 million during the quarter, compared to analyst estimates of $115.14 million. During the same period last year, the business earned ($0.65) earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, research analysts predict that PAR Technology will post -1.67 earnings per share for the current year.

Hedge Funds Weigh In On PAR Technology

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology during the second quarter worth about $32,000. Amalgamated Bank boosted its position in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after buying an additional 237 shares during the period. NBC Securities Inc. acquired a new position in shares of PAR Technology in the first quarter worth $76,000. Central Pacific Bank Trust Division purchased a new stake in shares of PAR Technology during the first quarter worth $78,000. Finally, LRI Investments LLC purchased a new stake in shares of PAR Technology during the first quarter worth $99,000.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.