Posted by admin on Aug 12th, 2022

PAR Technology (NYSE:PAR – Get Rating) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Wednesday, Briefing.com reports. They currently have a $40.00 price target on the software maker’s stock. Jefferies Financial Group’s target price points to a potential downside of 1.53% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. The Goldman Sachs Group started coverage on PAR Technology in a research report on Tuesday, May 17th. They issued a “neutral” rating and a $43.00 target price for the company. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $52.60.

Shares of NYSE PAR opened at $40.62 on Wednesday. The company has a current ratio of 4.63, a quick ratio of 3.93 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $38.67 and a 200-day simple moving average of $38.07. The company has a market cap of $1.10 billion, a PE ratio of -11.74 and a beta of 1.82. PAR Technology has a 12-month low of $28.87 and a 12-month high of $73.45.

PAR Technology (NYSE:PAR – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The software maker reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The business had revenue of $85.09 million for the quarter, compared to analyst estimates of $79.57 million. PAR Technology had a negative return on equity of 16.93% and a negative net margin of 28.34%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.39) earnings per share. On average, equities research analysts forecast that PAR Technology will post -1.81 EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new stake in PAR Technology during the 4th quarter valued at $55,000. Nisa Investment Advisors LLC raised its stake in PAR Technology by 500.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,560 shares of the software maker’s stock valued at $59,000 after purchasing an additional 1,300 shares during the period. Sargent Bickham Lagudis LLC acquired a new stake in PAR Technology during the 1st quarter valued at $61,000. CWM LLC acquired a new stake in PAR Technology during the 4th quarter valued at $67,000. Finally, SG Americas Securities LLC acquired a new stake in PAR Technology during the 1st quarter valued at $136,000.

PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including Brink POS, an open cloud solution that integrates with third party products and in-house systems; Punchh, an enterprise-grade customer loyalty and engagement solution for restaurant and convenience store brands; Data Central, a cloud software solution for back-office applications; PAR Payment Services, a merchant services offering; POS integrated solutions for wireless headsets for drive-thru order-taking; and the PAR Infinity, PAR Phase, PAR Helix, and the EverServ 8000 series platform.

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