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

StockNews.com upgraded shares of PAR Technology (NYSE:PARGet Rating) to a sell rating in a report issued on Friday.

Several other research firms also recently commented on PAR. The Goldman Sachs Group initiated coverage on PAR Technology in a report on Tuesday, May 17th. They issued a neutral rating and a $43.00 price objective for the company. Jefferies Financial Group reduced their price objective on PAR Technology from $55.00 to $43.00 in a report on Monday, May 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, PAR Technology presently has an average rating of Hold and an average price target of $53.60.

PAR Technology Trading Down 0.4 %

PAR opened at $43.95 on Friday. The stock has a 50-day moving average price of $38.40 and a 200-day moving average price of $38.01. The company has a quick ratio of 3.93, a current ratio of 4.63 and a debt-to-equity ratio of 0.94. PAR Technology has a 1 year low of $28.87 and a 1 year high of $73.45.

PAR Technology (NYSE:PARGet Rating) last posted its quarterly earnings results on Tuesday, May 10th. The software maker reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.19. The firm had revenue of $80.30 million during the quarter, compared to analyst estimates of $74.66 million. PAR Technology had a negative return on equity of 16.67% and a negative net margin of 26.94%. PAR Technology’s quarterly revenue was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.38) EPS. On average, equities research analysts anticipate that PAR Technology will post -1.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Royce & Associates LP grew its stake in shares of PAR Technology by 3.3% during the 2nd quarter. Royce & Associates LP now owns 922,079 shares of the software maker’s stock valued at $34,569,000 after acquiring an additional 29,400 shares during the period. Victory Capital Management Inc. grew its stake in shares of PAR Technology by 3.5% during the 2nd quarter. Victory Capital Management Inc. now owns 131,263 shares of the software maker’s stock valued at $4,921,000 after acquiring an additional 4,390 shares during the period. SG Americas Securities LLC grew its stake in shares of PAR Technology by 269.5% during the 2nd quarter. SG Americas Securities LLC now owns 12,472 shares of the software maker’s stock valued at $468,000 after acquiring an additional 9,097 shares during the period. Arizona State Retirement System grew its stake in shares of PAR Technology by 5.5% during the 2nd quarter. Arizona State Retirement System now owns 7,280 shares of the software maker’s stock valued at $273,000 after acquiring an additional 381 shares during the period. Finally, Reinhart Partners Inc. grew its stake in shares of PAR Technology by 1.8% during the 2nd quarter. Reinhart Partners Inc. now owns 564,512 shares of the software maker’s stock valued at $21,164,000 after acquiring an additional 10,215 shares during the period.

PAR Technology Company Profile

(Get Rating)

PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including Brink POS, an open cloud solution that integrates with third party products and in-house systems; Punchh, an enterprise-grade customer loyalty and engagement solution for restaurant and convenience store brands; Data Central, a cloud software solution for back-office applications; PAR Payment Services, a merchant services offering; POS integrated solutions for wireless headsets for drive-thru order-taking; and the PAR Infinity, PAR Phase, PAR Helix, and the EverServ 8000 series platform.

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