PAR Technology Co. (NYSE:PAR) has received a consensus recommendation of “Moderate Buy” from analysts, according to MarketBeat Ratings. This assessment is based on the opinions of eight brokerage firms that currently cover the company. Of those, six analysts have issued a buy rating, while two recommend holding the stock.
The average 12-month price target for PAR Technology, as determined by these brokerages, is $81.86.
Several recent analyst reports have addressed PAR Technology.
- StockNews.com downgraded PAR Technology to a “sell” rating on March 3rd.
- Benchmark reaffirmed a “buy” rating on February 28th.
- Craig Hallum reissued a “buy” rating on February 28th.
- Citigroup maintained a “neutral” rating on February 28th.
- Needham & Company LLC reissued a “buy” rating and set a price target of $90.00 on February 28th.
PAR Technology opened at $58.54 on Monday. The stock’s 50-day moving average is $68.13, and its 200-day moving average is $66.26. The company has a market capitalization of $2.35 billion. Its price-to-earnings ratio is -234.17, and its beta is 2.19. PAR Technology has a debt-to-equity ratio of 0.67, a current ratio of 2.13, and a quick ratio of 1.91. The stock’s 52-week low is $37.74, and its 52-week high is $82.24.
PAR Technology released its quarterly earnings report on February 28th. The software maker reported a loss of ($0.21) per share, missing analysts’ estimates of ($0.04) by ($0.17). The company’s net margin was -0.66%, and its return on equity was -8.99%. Revenue for the quarter was $105.01 million, surpassing analyst expectations of $99.10 million. In the same quarter last year, the company reported a loss of ($0.33) per share. Revenue for the quarter increased by 50.2% compared to the prior year. Analysts predict that PAR Technology will post a loss of -1.47 earnings per share for the current fiscal year.
Institutional investors have adjusted their holdings recently.
- Aster Capital Management DIFC Ltd acquired a new stake in PAR Technology, valued at approximately $28,000, during the fourth quarter.
- Mountain Hill Investment Partners Corp. initiated a new position in PAR Technology, worth $29,000, in the fourth quarter.
- Signaturefd LLC increased its stake in PAR Technology by 85.6% during the fourth quarter, now owning 605 shares worth $44,000.
- US Bancorp DE increased its holdings by 104.3% in the fourth quarter, now controlling 668 shares valued at $49,000.
- Arcadia Investment Management Corp MI purchased a new position in PAR Technology, valued at $113,000, during the fourth quarter.
Analyst Recommendations for PAR Technology (NYSE:PAR)
PAR Technology Corporation, with its subsidiaries, provides cloud-based hardware and software solutions for the restaurant and retail industries globally. Its Restaurant/Retail segment’s offerings include PUNCHH, a customer loyalty solution; MENU, an eCommerce platform; BRINK POS, a point-of-sale solution; PAR PAYMENT SERVICES, a payment processing service; and DATA CENTRAL, a back-office solution.
