Shares of PAR Technology Co. (NYSE:PAR) have received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus target price of $31.50 for the company and are anticipating that the company will post ($0.15) EPS for the current quarter, according to Zacks. Zacks has also given PAR Technology an industry rank of 98 out of 256 based on the ratings given to its competitors.
PAR has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on PAR Technology in a report on Wednesday, May 15th. They issued a “buy” rating and a $32.00 price target for the company. Sidoti upgraded PAR Technology from a “neutral” rating to a “buy” rating in a report on Friday, July 26th.
NYSE:PAR traded down $1.81 during trading hours on Wednesday, hitting $23.20. 1,109,515 shares of the company’s stock traded hands, compared to its average volume of 173,564. The stock has a market cap of $425.98 million, a price-to-earnings ratio of -74.84 and a beta of -0.23. PAR Technology has a twelve month low of $15.22 and a twelve month high of $29.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.75 and a current ratio of 1.19. The stock has a fifty day moving average price of $26.54.
PAR Technology (NYSE:PAR) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). PAR Technology had a negative net margin of 14.15% and a negative return on equity of 13.55%. The firm had revenue of $44.25 million during the quarter, compared to analyst estimates of $48.05 million. As a group, research analysts predict that PAR Technology will post -0.56 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of PAR Technology by 0.6% in the fourth quarter. BlackRock Inc. now owns 746,921 shares of the software maker’s stock valued at $16,246,000 after buying an additional 4,803 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of PAR Technology by 4,825.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,364 shares of the software maker’s stock valued at $58,000 after buying an additional 2,316 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of PAR Technology by 6.4% in the first quarter. Wedbush Securities Inc. now owns 371,879 shares of the software maker’s stock valued at $9,096,000 after buying an additional 22,247 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of PAR Technology in the fourth quarter valued at $117,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PAR Technology by 12.6% in the fourth quarter. Bank of New York Mellon Corp now owns 33,848 shares of the software maker’s stock valued at $737,000 after buying an additional 3,789 shares during the period. Institutional investors and hedge funds own 47.06% of the company’s stock.
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 point-of-sale (POS) technology solutions, including cloud-based, software-as-a-service Brink and on-premise POS PixelPoint solutions, and its POS hardware platforms, as well as installation, technical, and maintenance support services.
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