PAR Technology Corporation (NYSE:PAR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of PAR Technology Corporation (NYSE:PAR) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $25.7778.

A number of equities research analysts have issued reports on PAR shares. The Goldman Sachs Group reduced their price objective on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. UBS Group set a $16.00 price objective on shares of PAR Technology in a research note on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a research note on Friday, March 27th. William Blair reiterated an “outperform” rating on shares of PAR Technology in a research note on Friday, March 13th. Finally, Benchmark reduced their price objective on shares of PAR Technology from $42.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, March 16th.

Insider Transactions at PAR Technology

In other news, major shareholder Voss Capital, Lp acquired 125,000 shares of PAR Technology stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $14.62 per share, for a total transaction of $1,827,500.00. Following the completion of the purchase, the insider directly owned 4,775,000 shares of the company’s stock, valued at approximately $69,810,500. This represents a 2.69% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cathy A. King sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total transaction of $307,600.00. Following the sale, the insider owned 122,919 shares in the company, valued at $1,890,494.22. The trade was a 13.99% decrease in their ownership of the stock. 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. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of PAR Technology in the 3rd quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of PAR Technology in the 3rd quarter valued at approximately $28,000. State of Wyoming acquired a new stake in shares of PAR Technology in the 4th quarter valued at approximately $34,000. Kestra Advisory Services LLC acquired a new stake in shares of PAR Technology in the 4th quarter valued at approximately $35,000. Finally, Central Pacific Bank Trust Division boosted its stake in shares of PAR Technology by 50.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the software maker’s stock valued at $109,000 after purchasing an additional 1,000 shares in the last quarter.

PAR Technology Trading Up 0.2%

PAR stock opened at $14.92 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10. The company’s 50-day simple moving average is $14.13 and its 200 day simple moving average is $22.62. PAR Technology has a 52 week low of $11.59 and a 52 week high of $72.15. The company has a market capitalization of $615.57 million, a PE ratio of -7.98 and a beta of 1.35.

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

About PAR Technology

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.