PAR Technology Co. (NYSE:PAR) Receives $48.57 Average PT from Brokerages

PAR Technology Co. (NYSE:PAR) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $48.57.

A number of research analysts have weighed in on the company. William Blair reiterated an “outperform” rating on shares of PAR Technology in a report on Tuesday, March 12th. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 price objective on shares of PAR Technology in a report on Thursday, March 28th. Sidoti upgraded shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, March 12th. Benchmark initiated coverage on shares of PAR Technology in a research note on Tuesday, February 13th. They issued a “hold” rating for the company. Finally, TheStreet raised shares of PAR Technology from a “d+” rating to a “c-” rating in a research report on Thursday, February 15th.

Insider Activity at PAR Technology

In other news, CFO Bryan A. Menar sold 803 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $43.79, for a total transaction of $35,163.37. Following the transaction, the chief financial officer now directly owns 54,601 shares of the company’s stock, valued at approximately $2,390,977.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Bryan A. Menar sold 803 shares of the stock in a transaction that occurred on 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 owns 54,601 shares in the company, valued at approximately $2,390,977.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Gregory Rauch sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $42.04, for a total transaction of $189,180.00. Following the completion of the transaction, 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 owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PAR. SG Americas Securities LLC purchased a new stake in shares of PAR Technology in the third quarter worth $353,000. Raymond James Financial Services Advisors Inc. increased its stake in PAR Technology by 5.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 19,525 shares of the software maker’s stock worth $752,000 after buying an additional 1,050 shares in the last quarter. Inspire Advisors LLC bought a new stake in PAR Technology during the third quarter valued at about $512,000. TD Asset Management Inc lifted its position in shares of PAR Technology by 7.9% in the third quarter. TD Asset Management Inc now owns 111,524 shares of the software maker’s stock valued at $4,298,000 after acquiring an additional 8,200 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of PAR Technology by 1.3% in the third quarter. Swiss National Bank now owns 60,300 shares of the software maker’s stock worth $2,324,000 after acquiring an additional 800 shares during the period.

PAR Technology Stock Up 3.5 %

Shares of NYSE PAR opened at $43.24 on Friday. The firm’s fifty day moving average is $43.21 and its 200 day moving average is $41.24. PAR Technology has a 52 week low of $24.76 and a 52 week high of $49.84. The company has a quick ratio of 1.96, a current ratio of 2.25 and a debt-to-equity ratio of 1.13. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -17.09 and a beta of 1.98.

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

About PAR Technology

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.