Needham & Company LLC Reaffirms “Buy” Rating for PAR Technology (NYSE:PAR)

Needham & Company LLC reaffirmed their buy rating on shares of PAR Technology (NYSE:PAR – Get Rating) in a research report released on Thursday, Benzinga reports. They currently have a $43.00 price target on the software maker’s stock.

A number of other equities analysts have also weighed in on PAR. StockNews.com upgraded shares of PAR Technology to a sell rating in a report on Monday, February 27th. BTIG Research decreased their price objective on shares of PAR Technology from $60.00 to $46.00 and set a buy rating for the company in a report on Wednesday, November 9th. The Goldman Sachs Group decreased their target price on shares of PAR Technology from $31.00 to $27.00 and set a neutral rating for the company in a research note on Monday, January 9th. Finally, Craig Hallum decreased their target price on shares of PAR Technology to $35.00 in a research note on Tuesday, November 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $40.20.

PAR Technology Price Performance

Shares of NYSE PAR opened at $35.82 on Thursday. PAR Technology has a twelve month low of $20.37 and a twelve month high of $47.03. The firm has a market cap of $978.60 million, a P/E ratio of -13.94 and a beta of 1.88. The company has a 50 day moving average of $32.51 and a 200 day moving average of $29.93. The company has a quick ratio of 2.94, a current ratio of 3.55 and a debt-to-equity ratio of 1.01.

Institutional Investors Weigh In On PAR Technology

A number of hedge funds have recently added to or reduced their stakes in PAR. Legal & General Group Plc grew its position in shares of PAR Technology by 3.0% during the 4th quarter. Legal & General Group Plc now owns 9,734 shares of the software maker’s stock valued at $254,000 after acquiring an additional 279 shares during the period. Arizona State Retirement System grew its position in shares of PAR Technology by 4.6% during the 4th quarter. Arizona State Retirement System now owns 7,693 shares of the software maker’s stock valued at $201,000 after acquiring an additional 339 shares during the period. Macquarie Group Ltd. grew its position in shares of PAR Technology by 1.0% during the 2nd quarter. Macquarie Group Ltd. now owns 52,747 shares of the software maker’s stock valued at $1,978,000 after acquiring an additional 545 shares during the period. Tower Research Capital LLC TRC grew its position in shares of PAR Technology by 70.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,802 shares of the software maker’s stock valued at $53,000 after acquiring an additional 742 shares during the period. Finally, Eschler Asset Management LLP grew its position in shares of PAR Technology by 2.9% during the 3rd quarter. Eschler Asset Management LLP now owns 26,872 shares of the software maker’s stock valued at $794,000 after acquiring an additional 747 shares during the period.

About PAR Technology

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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.