PAR Technology (NYSE:PAR) Raised to “Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of PAR Technology (NYSE:PAR) from a hold rating to a buy rating in a report released on Monday morning, MarketBeat Ratings reports. They currently have $60.00 price objective on the software maker’s stock, up from their previous price objective of $45.00.

PAR has been the topic of a number of other research reports. Needham & Company LLC lifted their target price on PAR Technology from $57.00 to $60.00 and gave the company a buy rating in a report on Friday, August 9th. Benchmark reiterated a buy rating and issued a $69.00 target price on shares of PAR Technology in a report on Friday, August 9th. Stephens upgraded PAR Technology from an equal weight rating to an overweight rating and lifted their target price for the company from $46.00 to $60.00 in a report on Thursday, June 13th. The Goldman Sachs Group boosted their price objective on PAR Technology from $45.00 to $51.00 and gave the stock a neutral rating in a research note on Monday, July 22nd. Finally, StockNews.com upgraded PAR Technology to a sell rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PAR Technology presently has an average rating of Moderate Buy and an average price target of $57.00.

PAR Technology Price Performance

Shares of PAR Technology stock opened at $52.61 on Monday. PAR Technology has a twelve month low of $28.21 and a twelve month high of $55.66. The stock has a market capitalization of $1.79 billion, a P/E ratio of -20.47 and a beta of 2.18. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average price is $48.03 and its 200 day moving average price is $45.66.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The firm had revenue of $78.20 million during the quarter, compared to analyst estimates of $115.14 million. During the same quarter in the previous year, the business posted ($0.65) EPS. PAR Technology’s revenue was up 12.5% compared to the same quarter last year. As a group, research analysts anticipate that PAR Technology will post -1.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PAR. Capital Research Global Investors lifted its stake in shares of PAR Technology by 43.4% in the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after acquiring an additional 1,068,641 shares in the last quarter. Progeny 3 Inc. increased its holdings in PAR Technology by 47.1% in the first quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock valued at $54,026,000 after buying an additional 381,232 shares during the last quarter. Voss Capital LLC bought a new stake in PAR Technology in the fourth quarter valued at about $15,262,000. Wasatch Advisors LP bought a new stake in PAR Technology in the first quarter valued at about $10,194,000. Finally, Vanguard Group Inc. increased its holdings in PAR Technology by 9.0% in the fourth quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker’s stock valued at $91,808,000 after buying an additional 173,575 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.