Jefferies Financial Group assumed coverage on shares of PAR Technology (NYSE:PAR) in a report released on Wednesday, Benzinga reports. The brokerage issued a buy rating and a $32.00 price target on the software maker’s stock.
Several other equities research analysts also recently issued reports on the company. Roth Capital assumed coverage on PAR Technology in a report on Tuesday, February 5th. They set a buy rating and a $31.00 price target for the company. ValuEngine raised PAR Technology from a hold rating to a buy rating in a report on Monday, February 4th.
NYSE PAR opened at $25.90 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.75 and a current ratio of 1.19. PAR Technology has a 12 month low of $13.37 and a 12 month high of $28.53.
A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its holdings in shares of PAR Technology by 4,825.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,364 shares of the software maker’s stock worth $58,000 after buying an additional 2,316 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of PAR Technology by 250.4% during the first quarter. Advisor Group Inc. now owns 3,504 shares of the software maker’s stock worth $85,000 after buying an additional 2,504 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of PAR Technology during the fourth quarter worth $86,000. Citigroup Inc. lifted its holdings in shares of PAR Technology by 23.0% during the first quarter. Citigroup Inc. now owns 3,690 shares of the software maker’s stock worth $91,000 after buying an additional 691 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of PAR Technology during the fourth quarter worth $117,000. 47.83% of the stock is owned by institutional investors and hedge funds.
About PAR Technology
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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