PAR Technology (NYSE:PAR) Upgraded by StockNews.com to “Sell” Rating

StockNews.com upgraded shares of PAR Technology (NYSE:PAR) to a sell rating in a research note published on Monday morning.

A number of other equities research analysts also recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Friday. Benchmark reissued a “buy” rating on shares of PAR Technology in a report on Friday. The Goldman Sachs Group raised their price target on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Craig Hallum reissued a “buy” rating on shares of PAR Technology in a report on Friday. Finally, Lake Street Capital raised their target price on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

PAR Technology Trading Down 6.3 %

Shares of PAR Technology stock opened at $64.35 on Monday. The company has a fifty day simple moving average of $70.16 and a 200-day simple moving average of $65.74. PAR Technology has a 12-month low of $37.74 and a 12-month high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -257.39 and a beta of 2.22.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $105.01 million during the quarter, compared to analyst estimates of $99.10 million. During the same period in the previous year, the company posted ($0.33) earnings per share. PAR Technology’s revenue was up 50.2% compared to the same quarter last year. On average, equities analysts forecast that PAR Technology will post -1.47 EPS for the current fiscal year.

Hedge Funds Weigh In On PAR Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new stake in PAR Technology in the 4th quarter worth about $28,000. Mountain Hill Investment Partners Corp. purchased a new stake in PAR Technology in the 4th quarter worth about $29,000. Signaturefd LLC lifted its position in shares of PAR Technology by 85.6% in the fourth quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock worth $44,000 after purchasing an additional 279 shares in the last quarter. US Bancorp DE lifted its position in shares of PAR Technology by 104.3% in the fourth quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after purchasing an additional 341 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of PAR Technology in the fourth quarter worth approximately $113,000.

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.