PAR Technology (NYSE:PAR) Now Covered by Stephens

Stephens started coverage on shares of PAR Technology (NYSE:PAR) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $25.00 price target on the software maker’s stock.

Several other research firms have also issued reports on PAR. JPMorgan Chase & Co. upped their price objective on PAR Technology from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, November 6th. BTIG Research reduced their target price on PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Weiss Ratings raised PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. Finally, Needham & Company LLC increased their price target on PAR Technology from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 6th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.06.

PAR Technology Price Performance

Shares of PAR stock opened at $22.44 on Friday. The stock has a 50-day moving average price of $17.07 and a 200 day moving average price of $16.83. The company has a current ratio of 2.07, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. PAR Technology has a 12 month low of $11.59 and a 12 month high of $40.54.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Thursday, November 5th. The software maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. PAR Technology had a negative return on equity of 0.69% and a negative net margin of 12.24%. The business had revenue of $137.11 million for the quarter, compared to analysts’ expectations of $129.79 million. During the same quarter in the previous year, the business posted $0.06 EPS. PAR Technology’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, analysts predict that PAR Technology will post -0.13 EPS for the current year.

Institutional Trading of PAR Technology

Several hedge funds have recently modified their holdings of the stock. Bamco Inc. NY bought a new stake in PAR Technology during the 2nd quarter valued at $38,000. State of Wyoming purchased a new position in shares of PAR Technology in the 2nd quarter worth about $43,000. Bessemer Group Inc. bought a new position in shares of PAR Technology during the third quarter valued at about $69,000. Advisors Asset Management Inc. purchased a new stake in PAR Technology during the 3rd quarter valued at $71,000. Finally, Fulcrum Asset Management LLP increased its position in PAR Technology by 14,008.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 6,490 shares of the software maker’s stock valued at $88,000 after purchasing an additional 6,444 shares during the period.

PAR Technology Company Profile

PAR Technology Corporation provides technology products and services for restaurants and other foodservice businesses. Its offerings include point-of-sale systems, cloud-based software, payment solutions, digital ordering tools, and guest-engagement and loyalty programs designed to help businesses manage operations and customer interactions. The company’s portfolio includes Brink POS, a cloud-based point-of-sale platform, and Punchh, a guest engagement and loyalty platform. PAR also provides hardware and technology services, serving restaurant operators in the United States and international markets.