PAR Technology (NYSE: PAR) cut to sell at Zacks Investment Research
PAR Technology (NYSE: PAR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report released Friday, Zacks.com reports.
According to Zacks, “BY TECHNOLOGY CORP. designs, develops, manufactures, markets, installs and maintains microprocessor-based transaction processing systems for the foodservice and industrial markets, corneal topography systems to measure true topography of the eye and ‘visual inspection. systems for the food industry (commercial segment). Co. is also engaged in the design and implementation of advanced computer software systems, for the Department of Defense and other government agencies (government segment). “
PAR shares opened at $ 64.63 on Friday. The company has a market cap of $ 1.74 billion, a price-to-earnings ratio of -24.86 and a beta of 1.84. The company has a leverage ratio of 0.58, a quick ratio of 2.44 and a current ratio of 4.90. PAR Technology has a one-year minimum of $ 50.81 and a one-year maximum of $ 90.35. The stock’s fifty-day moving average is $ 64.64 and its 200-day moving average is $ 65.51.
Large investors have recently increased or reduced their holdings in the stock. Goldman Sachs Group Inc. strengthened its position in PAR Technology by 41.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,743 shares of the software maker valued at $ 2,011,000 after acquiring an additional 9,015 shares during the period. Nuveen Asset Management LLC increased its stake in PAR Technology shares by 2.5% in the 1st quarter. Nuveen Asset Management LLC now owns 69,294 shares of the software maker valued at $ 4,532,000 after acquiring an additional 1,668 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in PAR Technology shares in the 1st quarter valued at approximately $ 1,404,000. Royal Bank of Canada increased its stake in PAR Technology shares by 24.3% in the first quarter. Royal Bank of Canada now owns 3,238 shares of the software maker valued at $ 212,000 after acquiring an additional 633 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in PAR Technology shares by 253.4% in the first quarter. Jane Street Group LLC now owns 12,428 shares of the software maker valued at $ 813,000 after acquiring an additional 8,911 shares in the last quarter. Institutional investors and hedge funds hold 96.46% of the company’s shares.
PAR Technology Company Profile
BY Technology Corp. provides software and hardware support services for the hospitality industry. It operates through the Restaurant / Retail and Government segments. Foodservice / Retail segment offers point-of-sale (POS) software, computer hardware, back-office software, systems, services and technical solutions integrated to the foodservice and retail industries. .
Featured Story: Dividend
Get a Free Copy of Zacks’ PAR Technology Research Report (PAR)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in PAR technology now?
Before you consider PAR technology, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and PAR Technology was not on the list.
While PAR Technology currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here