PAR Technology Co. (NYSE:PAR) Given Average Rating of “Moderate Buy” by Analysts

Shares of PAR Technology Co. (NYSE:PAR) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $48.57.

Several brokerages recently issued reports on PAR. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, March 7th. Needham & Company LLC restated a “buy” rating and issued a $53.00 target price on shares of PAR Technology in a research note on Thursday, March 28th. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a report on Tuesday, March 12th. Sidoti raised PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, March 12th. Finally, Benchmark assumed coverage on PAR Technology in a research report on Tuesday, February 13th. They issued a “hold” rating on the stock.

Insider Buying and Selling

In other PAR Technology news, CFO Bryan A. Menar sold 803 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $43.79, for a total value of $35,163.37. Following the completion of the sale, the chief financial officer now owns 54,601 shares in the company, valued at approximately $2,390,977.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other PAR Technology news, CFO Bryan A. Menar sold 803 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $43.79, for a total value of $35,163.37. Following the transaction, the chief financial officer now directly owns 54,601 shares in the company, valued at approximately $2,390,977.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Gregory Rauch sold 4,500 shares of PAR Technology stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $42.04, for a total transaction of $189,180.00. Following the sale, the director now directly owns 14,365 shares in the company, valued at approximately $603,904.60. The disclosure for this sale can be found here. 3.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in PAR Technology by 9.0% during the fourth quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker’s stock worth $91,808,000 after purchasing an additional 173,575 shares during the period. Newtyn Management LLC increased its stake in PAR Technology by 9.2% during the 3rd quarter. Newtyn Management LLC now owns 982,527 shares of the software maker’s stock worth $37,867,000 after buying an additional 82,527 shares during the period. Reinhart Partners LLC. lifted its holdings in PAR Technology by 1.9% during the 1st quarter. Reinhart Partners LLC. now owns 874,046 shares of the software maker’s stock worth $39,647,000 after buying an additional 16,166 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in PAR Technology by 9.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 565,043 shares of the software maker’s stock valued at $24,602,000 after buying an additional 47,405 shares during the period. Finally, Voss Capital LLC acquired a new position in shares of PAR Technology in the fourth quarter worth $15,262,000.

PAR Technology Trading Down 0.8 %

NYSE PAR opened at $41.65 on Friday. PAR Technology has a 12-month low of $24.76 and a 12-month high of $49.84. The company has a fifty day simple moving average of $43.31 and a two-hundred day simple moving average of $41.19. The company has a current ratio of 2.25, a quick ratio of 1.96 and a debt-to-equity ratio of 1.13. The stock has a market cap of $1.41 billion, a P/E ratio of -16.46 and a beta of 1.98.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Tuesday, February 27th. The software maker reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.05). The firm had revenue of $107.71 million for the quarter, compared to analyst estimates of $106.12 million. PAR Technology had a negative return on equity of 16.46% and a negative net margin of 16.77%. On average, analysts forecast that PAR Technology will post -1.15 earnings per share for the current year.

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.