Shares of PAR Technology Co. (NYSE:PAR) have been given an average rating of “Buy” by the six research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $31.50.
Several equities analysts have recently issued reports on PAR shares. Sidoti raised PAR Technology from a “neutral” rating to a “buy” rating in a report on Friday, July 26th. Zacks Investment Research cut PAR Technology from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Finally, Jefferies Financial Group started coverage on PAR Technology in a report on Wednesday, May 15th. They issued a “buy” rating and a $32.00 price objective for the company.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of PAR Technology by 0.6% during the fourth quarter. BlackRock Inc. now owns 746,921 shares of the software maker’s stock valued at $16,246,000 after buying an additional 4,803 shares during the period. Bank of New York Mellon Corp increased its stake in shares of PAR Technology by 12.6% during the fourth quarter. Bank of New York Mellon Corp now owns 33,848 shares of the software maker’s stock valued at $737,000 after buying an additional 3,789 shares during the period. Geode Capital Management LLC increased its stake in shares of PAR Technology by 19.5% during the fourth quarter. Geode Capital Management LLC now owns 117,673 shares of the software maker’s stock valued at $2,559,000 after buying an additional 19,163 shares during the period. Bank of America Corp DE increased its stake in shares of PAR Technology by 121.2% during the fourth quarter. Bank of America Corp DE now owns 6,740 shares of the software maker’s stock valued at $147,000 after buying an additional 3,693 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new position in shares of PAR Technology during the fourth quarter valued at approximately $117,000. Hedge funds and other institutional investors own 47.69% of the company’s stock.
PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.06). The firm had revenue of $44.25 million for the quarter, compared to analyst estimates of $48.05 million. PAR Technology had a negative return on equity of 19.16% and a negative net margin of 14.68%. As a group, equities analysts forecast that PAR Technology will post -0.72 earnings per share for the current fiscal year.
PAR Technology Company Profile
PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including cloud-based, software-as-a-service Brink and on-premise POS PixelPoint solutions, and its POS hardware platforms, as well as installation, technical, and maintenance support services.
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