PAR Technology Co. (NYSE:PAR) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $101.75.
Separately, Zacks Investment Research upgraded PAR Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, July 14th.
PAR traded down $0.27 during trading hours on Friday, reaching $62.63. The company’s stock had a trading volume of 416,742 shares, compared to its average volume of 302,954. PAR Technology has a fifty-two week low of $35.16 and a fifty-two week high of $90.35. The stock has a market cap of $1.62 billion, a PE ratio of -39.89 and a beta of 1.88. The business’s 50-day moving average is $64.05 and its 200-day moving average is $68.60. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.93 and a quick ratio of 2.44.
A number of large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in shares of PAR Technology in the second quarter valued at $3,442,000. Marshall Wace North America L.P. acquired a new stake in shares of PAR Technology in the second quarter valued at $996,000. Morgan Stanley raised its stake in shares of PAR Technology by 247.6% in the second quarter. Morgan Stanley now owns 95,350 shares of the software maker’s stock valued at $6,669,000 after acquiring an additional 67,920 shares in the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of PAR Technology by 129,500.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 6,480 shares of the software maker’s stock valued at $453,000 after acquiring an additional 6,475 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of PAR Technology by 14.3% in the second quarter. MetLife Investment Management LLC now owns 8,465 shares of the software maker’s stock valued at $592,000 after acquiring an additional 1,057 shares in the last quarter. Institutional investors own 93.22% of the company’s stock.
PAR Technology Company Profile
PAR Technology Corp. engages in the provision of software and hardware support services for the hospitality industry. It operates through the Restaurant/Retail and Government segments. The Restaurant/Retail segment offers point-of-sale (POS) software, hardware, back-office software, systems, services, and integrated technical solutions to the restaurant and retail industries.
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