PAR Technology (NYSE:PAR) Stock Rating Upgraded by JPMorgan Chase & Co.

PAR Technology (NYSE:PAR) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $16.00 target price on the software maker’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 20.31% from the stock’s current price.

Several other analysts have also issued reports on PAR. Royal Bank Of Canada set a $16.00 price target on shares of PAR Technology in a research report on Tuesday. Needham & Company LLC cut their price objective on shares of PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Jefferies Financial Group set a $18.00 price objective on shares of PAR Technology in a research note on Saturday, May 9th. The Goldman Sachs Group lowered their target price on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a research report on Friday, March 27th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PAR Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.78.

PAR Technology Trading Down 1.2%

Shares of PAR opened at $13.30 on Tuesday. PAR Technology has a fifty-two week low of $11.59 and a fifty-two week high of $72.15. The business has a 50-day moving average of $14.04 and a 200 day moving average of $23.16. The firm has a market cap of $548.58 million, a P/E ratio of -7.11 and a beta of 1.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $123.97 million for the quarter, compared to the consensus estimate of $116.88 million. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The company’s revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. As a group, research analysts forecast that PAR Technology will post -0.28 EPS for the current year.

Insider Transactions at PAR Technology

In other PAR Technology news, major shareholder Voss Capital, Lp purchased 125,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average price of $14.62 per share, for a total transaction of $1,827,500.00. Following the transaction, the insider owned 4,775,000 shares in the company, valued at $69,810,500. The trade was a 2.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cathy A. King sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total value of $307,600.00. Following the transaction, the insider directly owned 122,919 shares of the company’s stock, valued at $1,890,494.22. The trade was a 13.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On PAR Technology

Institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its position in shares of PAR Technology by 3.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,916,459 shares of the software maker’s stock valued at $214,650,000 after buying an additional 201,782 shares in the last quarter. Vanguard Group Inc. grew its position in PAR Technology by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,304,052 shares of the software maker’s stock worth $119,871,000 after acquiring an additional 12,250 shares in the last quarter. Capital Research Global Investors increased its stake in PAR Technology by 17.3% in the third quarter. Capital Research Global Investors now owns 3,237,004 shares of the software maker’s stock valued at $128,121,000 after acquiring an additional 476,839 shares during the last quarter. Progeny 3 Inc. increased its stake in PAR Technology by 5.6% in the first quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock valued at $28,937,000 after acquiring an additional 114,500 shares during the last quarter. Finally, Reinhart Partners LLC. raised its position in PAR Technology by 45.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,309,860 shares of the software maker’s stock valued at $47,522,000 after purchasing an additional 410,183 shares in the last quarter.

PAR Technology Company Profile

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.