PAR Technology (NYSE:PAR) Upgraded by StockNews.com to Sell Rating

StockNews.com upgraded shares of PAR Technology (NYSE:PAR) to a sell rating in a research report sent to investors on Monday morning.

PAR has been the topic of several other reports. Benchmark reiterated a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. Stephens reissued an “overweight” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, February 28th. Finally, Lake Street Capital lifted their target price on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.25.

PAR Technology Trading Down 2.6 %

Shares of NYSE PAR opened at $64.43 on Monday. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology has a 12 month low of $37.74 and a 12 month high of $82.24. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -257.69 and a beta of 2.22. The business has a fifty day simple moving average of $69.77 and a 200-day simple moving average of $65.82.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The firm had revenue of $105.01 million for the quarter, compared to analysts’ expectations of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. PAR Technology’s quarterly revenue was up 50.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.33) earnings per share. Sell-side analysts predict that PAR Technology will post -1.47 EPS for the current year.

Institutional Investors Weigh In On PAR Technology

Several large investors have recently made changes to their positions in PAR. Charles Schwab Investment Management Inc. raised its position in PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock valued at $15,523,000 after acquiring an additional 20,811 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after purchasing an additional 81,551 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of PAR Technology by 119.2% during the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker’s stock valued at $1,764,000 after purchasing an additional 13,200 shares in the last quarter. Barclays PLC lifted its stake in shares of PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock valued at $3,310,000 after purchasing an additional 51,578 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in PAR Technology by 6.2% in the third quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker’s stock worth $903,000 after purchasing an additional 932 shares in the last quarter.

About PAR Technology

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.