PAR Technology (NYSE:PAR) Share Price Passes Above 200 Day Moving Average – Time to Sell?

PAR Technology Co. (NYSE:PAR)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.63 and traded as high as $60.99. PAR Technology shares last traded at $60.71, with a volume of 296,062 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stephens raised their price target on shares of PAR Technology from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and raised 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. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Wednesday, September 18th. Finally, The Goldman Sachs Group boosted their target price on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.17.

PAR Technology Price Performance

The firm has a market capitalization of $2.20 billion, a PE ratio of -242.84 and a beta of 2.16. 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 firm has a 50-day simple moving average of $55.37 and a 200-day simple moving average of $49.63.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The business had revenue of $78.20 million during the quarter, compared to the consensus estimate of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.65) earnings per share. As a group, equities analysts forecast that PAR Technology Co. will post -1.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PAR. Arcadia Investment Management Corp MI bought a new position in PAR Technology in the 2nd quarter worth approximately $32,000. Amalgamated Bank boosted its position in shares of PAR Technology by 25.5% during the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after acquiring an additional 237 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of PAR Technology during the first quarter worth $78,000. LRI Investments LLC purchased a new position in PAR Technology during the first quarter valued at $99,000. Finally, nVerses Capital LLC bought a new stake in PAR Technology in the 3rd quarter valued at $125,000.

About PAR Technology

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.