PAR Technology (NYSE:PAR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

PAR Technology Co. (NYSE:PAR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $60.48 and traded as high as $68.01. PAR Technology shares last traded at $67.80, with a volume of 526,600 shares changing hands.

Wall Street Analysts Forecast Growth

PAR has been the topic of several recent research reports. Stephens upped their price target on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Lake Street Capital upped their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday, November 7th. Benchmark upped their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Craig Hallum upped their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One investment 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.25.

PAR Technology Stock Down 0.5 %

The firm’s 50-day moving average price is $74.40 and its 200-day moving average price is $60.48. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -271.19 and a beta of 2.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. During the same quarter in the prior year, the business earned ($0.35) earnings per share. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. Sell-side analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

A number of large investors have recently added to or reduced their stakes in the company. Progeny 3 Inc. grew its holdings in PAR Technology by 10.9% during the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock valued at $62,199,000 after purchasing an additional 129,810 shares in the last quarter. Royce & Associates LP grew its holdings in PAR Technology by 2.6% during the 3rd quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock worth $61,677,000 after acquiring an additional 30,000 shares in the last quarter. Bamco Inc. NY grew its holdings in PAR Technology by 15.2% during the 3rd quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock worth $60,981,000 after acquiring an additional 154,921 shares in the last quarter. Reinhart Partners LLC. grew its holdings in PAR Technology by 6.4% during the 3rd quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker’s stock worth $49,308,000 after acquiring an additional 57,049 shares in the last quarter. Finally, State Street Corp grew its holdings in PAR Technology by 1.2% during the 3rd quarter. State Street Corp now owns 885,338 shares of the software maker’s stock worth $46,108,000 after acquiring an additional 10,582 shares in 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.