PAR Technology (NYSE:PAR) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

PAR Technology Co. (NYSE:PAR) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.63 and traded as high as $60.99. PAR Technology shares last traded at $60.71, with a volume of 296,062 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. The Goldman Sachs Group lifted their price target on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Needham & Company LLC raised their price objective on shares of PAR Technology from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $60.00 in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.17.

PAR Technology Stock Performance

The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -235.96 and a beta of 2.16. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The stock’s 50-day simple moving average is $55.64 and its two-hundred day simple moving average is $49.82.

PAR Technology (NYSE:PAR) last released its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The firm had revenue of $78.20 million for the quarter, compared to analyst estimates of $115.14 million. During the same period in the prior year, the firm earned ($0.65) EPS. The firm’s revenue was up 12.5% on a year-over-year basis. Analysts forecast that PAR Technology Co. will post -1.67 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. increased its holdings in shares of PAR Technology by 106.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 84,815 shares of the software maker’s stock worth $4,417,000 after purchasing an additional 43,633 shares during the period. Roubaix Capital LLC increased its stake in PAR Technology by 10.6% in the third quarter. Roubaix Capital LLC now owns 87,464 shares of the software maker’s stock valued at $4,555,000 after acquiring an additional 8,411 shares during the period. nVerses Capital LLC bought a new stake in PAR Technology in the third quarter valued at about $125,000. Creative Planning bought a new stake in PAR Technology in the third quarter valued at about $316,000. Finally, Inspire Investing LLC increased its stake in PAR Technology by 6.1% in the third quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock valued at $413,000 after acquiring an additional 454 shares during the period.

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.