Analyst Ratings for PAR Technology Co.
PAR Technology Co. (NYSE:PAR) has received an average rating of “Moderate Buy” from eight analysts covering the firm, according to MarketBeat Ratings. Six analysts have assigned a buy rating, while two have given a hold rating. The average 1-year price target among analysts is $81.86.
Recent analyst reports have varied:
- Benchmark reissued a “buy” rating on February 28th
- StockNews.com downgraded to “sell” on March 3rd
- Craig Hallum reissued a “buy” rating on February 28th
- Needham & Company LLC reissued a “buy” rating with a $90.00 price target on February 28th
- Citigroup reissued a “neutral” rating on February 28th
Institutional Investor Activity
Several institutional investors have adjusted their stakes in PAR Technology:
- Invesco Ltd. increased its position by 100.9% in the 4th quarter, owning 1,283,978 shares valued at $93,307,000
- Loomis Sayles & Co. L P initiated a new stake valued at $33,011,000
- Hood River Capital Management LLC established a new position worth $30,392,000
- GW&K Investment Management LLC started a stake valued at $24,018,000
- Nuveen Asset Management LLC increased its position by 194.2%, holding 400,251 shares worth $29,086,000
Stock Performance
PAR Technology’s stock price rose $2.32 to $64.72 during midday trading on Tuesday, with a trading volume of 912,021 shares. The stock has a 52-week low of $41.27 and a high of $82.24. The company has a market cap of $2.62 billion and a PE ratio of -258.87.
Earnings Report
PAR Technology reported ($0.01) earnings per share for the quarter, beating analysts’ expectations of ($0.05). Revenue was $103.86 million, slightly below expectations but showing a 48.2% increase from the same quarter last year.
Company Profile
PAR Technology Corporation provides cloud-based hardware and software solutions for the restaurant and retail industries. Their offerings include PUNCHH customer loyalty solutions, MENU eCommerce platform, BRINK POS, PAR PAYMENT SERVICES, and DATA CENTRAL back-office solutions.
