PAR Technology (NYSE:PAR) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of PAR Technology (NYSE:PAR) in a report published on Friday morning,Benzinga reports. Needham & Company LLC currently has a $90.00 price target on the software maker’s stock.

A number of other equities analysts have also weighed in on the company. Craig Hallum increased their target price on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Lake Street Capital increased their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Stephens lifted their target price on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.25.

PAR Technology Stock Up 3.6 %

Shares of PAR stock opened at $74.08 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -296.31 and a beta of 2.21. The firm has a fifty day moving average of $73.47 and a 200-day moving average of $59.60. PAR Technology has a 12-month low of $37.74 and a 12-month high of $82.24.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.35) EPS. As a group, equities research analysts predict that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Institutional Trading of PAR Technology

Several institutional investors have recently made changes to their positions in PAR. Charles Schwab Investment Management Inc. grew its position in shares of PAR Technology by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after acquiring an additional 20,811 shares during the period. Magnolia Capital Advisors LLC bought a new position in PAR Technology in the second quarter valued at $3,881,000. Geode Capital Management LLC lifted its holdings in shares of PAR Technology by 11.1% in the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after acquiring an additional 81,551 shares during the last quarter. Barclays PLC boosted its holdings in PAR Technology by 431.3% during the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock valued at $3,310,000 after acquiring an additional 51,578 shares during the period. Finally, Resolute Capital Asset Partners LLC grew its holdings in PAR Technology by 33.3% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock worth $2,825,000 after acquiring an additional 15,000 shares during the last quarter.

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.