PAR Technology (NYSE:PAR) Stock Price Down 4.3%

PAR Technology Co. (NYSE:PAR) shares fell 4.3% on Monday . The stock traded as low as $44.85 and last traded at $45.06. 31,691 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 305,745 shares. The stock had previously closed at $47.09.

Analyst Ratings Changes

Several research firms have weighed in on PAR. Benchmark lifted their price target on shares of PAR Technology from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. William Blair reiterated an “outperform” rating on shares of PAR Technology in a report on Tuesday, March 12th. Needham & Company LLC lifted their price objective on shares of PAR Technology from $53.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a report on Thursday, March 7th. Finally, Stephens upgraded shares of PAR Technology from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $46.00 to $60.00 in a report on Thursday, June 13th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.75.

PAR Technology Trading Down 4.4 %

The firm has a market capitalization of $1.53 billion, a PE ratio of -18.32 and a beta of 2.18. The firm’s fifty day moving average is $44.72 and its two-hundred day moving average is $44.21. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.07 and a quick ratio of 1.81.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Thursday, May 9th. The software maker reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($0.07). PAR Technology had a negative return on equity of 14.53% and a negative net margin of 17.14%. The firm had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $111.00 million. On average, equities analysts predict that PAR Technology Co. will post -1.22 EPS for the current fiscal year.

Insider Buying and Selling

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 $2,390,977.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in PAR Technology by 8.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,908 shares of the software maker’s stock valued at $257,000 after acquiring an additional 468 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in PAR Technology by 8.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker’s stock valued at $372,000 after acquiring an additional 610 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in PAR Technology by 14.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,655 shares of the software maker’s stock valued at $348,000 after acquiring an additional 954 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in PAR Technology by 1.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 77,586 shares of the software maker’s stock valued at $3,378,000 after acquiring an additional 1,167 shares during the last quarter. Finally, Swiss National Bank boosted its stake in PAR Technology by 2.2% in the first quarter. Swiss National Bank now owns 55,300 shares of the software maker’s stock valued at $2,508,000 after acquiring an additional 1,200 shares during the last quarter.

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.