PAR Technology (NYSE:PAR) PT Raised to $59.00

PAR Technology (NYSE:PAR) had its target price hoisted by investment analysts at The Goldman Sachs Group from $52.00 to $59.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 3.35% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Jefferies Financial Group upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.00 to $60.00 in a research report on Monday, August 12th. Needham & Company LLC increased their target price on shares of PAR Technology from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Wednesday, September 18th. Finally, Benchmark restated a “buy” rating and set a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

PAR Technology Trading Up 1.0 %

PAR Technology stock opened at $57.09 on Monday. The company has a 50 day moving average price of $53.53 and a 200 day moving average price of $48.53. PAR Technology has a 52 week low of $28.21 and a 52 week high of $58.57. 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 firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -22.21 and a beta of 2.16.

PAR Technology (NYSE:PAR) last released its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) 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 company had revenue of $78.20 million during the quarter, compared to analysts’ expectations of $115.14 million. During the same quarter in the previous year, the company earned ($0.65) EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. Research analysts forecast that PAR Technology will post -1.67 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank grew its stake in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after buying an additional 237 shares during the last quarter. Inspire Investing LLC grew its stake in PAR Technology by 6.1% in the 3rd quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock valued at $413,000 after buying an additional 454 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in PAR Technology by 8.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker’s stock valued at $372,000 after buying an additional 610 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in PAR Technology in the 2nd quarter valued at $32,000. Finally, Price T Rowe Associates Inc. MD grew its stake in PAR Technology by 14.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,655 shares of the software maker’s stock valued at $348,000 after buying an additional 954 shares during the last quarter.

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.