Shares of PAR Technology Co. (NYSE:PAR) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price objective of $31.00 for the company and are anticipating that the company will post ($0.10) earnings per share for the current quarter, according to Zacks. Zacks has also assigned PAR Technology an industry rank of 47 out of 255 based on the ratings given to its competitors.
Several brokerages have commented on PAR. Roth Capital began coverage on PAR Technology in a research report on Tuesday, February 5th. They set a “buy” rating and a $31.00 price objective for the company. ValuEngine raised PAR Technology from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.
Shares of PAR Technology stock opened at $24.48 on Friday. The firm has a market cap of $399.82 million, a price-to-earnings ratio of 94.15 and a beta of 0.01. PAR Technology has a 12 month low of $10.22 and a 12 month high of $28.53.
PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Thursday, March 14th. The software maker reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.07). The firm had revenue of $46.65 million for the quarter, compared to analysts’ expectations of $44.92 million. PAR Technology had a negative net margin of 11.06% and a negative return on equity of 1.74%. As a group, equities research analysts forecast that PAR Technology will post -0.21 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of PAR Technology by 121.2% in the 4th quarter. Bank of America Corp DE now owns 6,740 shares of the software maker’s stock worth $147,000 after purchasing an additional 3,693 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of PAR Technology by 12.6% in the 4th quarter. Bank of New York Mellon Corp now owns 33,848 shares of the software maker’s stock worth $737,000 after purchasing an additional 3,789 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of PAR Technology in the 4th quarter worth about $86,000. Wells Fargo & Company MN raised its position in shares of PAR Technology by 37.9% in the 3rd quarter. Wells Fargo & Company MN now owns 16,574 shares of the software maker’s stock worth $368,000 after purchasing an additional 4,553 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of PAR Technology by 0.6% in the 4th quarter. BlackRock Inc. now owns 746,921 shares of the software maker’s stock worth $16,246,000 after purchasing an additional 4,803 shares during the last quarter. 47.85% of the stock is owned by hedge funds and other institutional investors.
PAR Technology Company Profile
PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers cloud and on-premise software applications and hardware platforms, as well as related installation, technical, and maintenance support services.
Further Reading: Sell-Side Analysts
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