StockNews.com Upgrades PAR Technology (NYSE:PAR) to Sell

PAR Technology (NYSE:PAR) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently issued reports on PAR. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $60.00 in a report on Monday, August 12th. Needham & Company LLC increased their target price on PAR Technology from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group upped their price objective on shares of PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Benchmark reaffirmed a “buy” rating and set a $69.00 price objective on shares of PAR Technology in a research note on Friday, August 9th. Finally, Stephens increased their price target on PAR Technology from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.17.

PAR Technology Stock Performance

Shares of NYSE PAR opened at $74.15 on Thursday. PAR Technology has a one year low of $31.57 and a one year high of $74.64. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $57.04 and a 200 day simple moving average of $50.90. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -296.60 and a beta of 2.14.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The firm had revenue of $78.20 million during the quarter, compared to analyst estimates of $115.14 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.65) EPS. Sell-side analysts expect that PAR Technology will post -1.67 EPS for the current year.

Institutional Inflows and Outflows

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

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.