Brokerages Set PAR Technology Co. (NYSE:PAR) Price Target at $62.50

PAR Technology Co. (NYSE:PAR) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $64.17.

A number of brokerages have recently weighed in on PAR. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and boosted their price target for the company from $45.00 to $60.00 in a report on Monday, August 12th. Benchmark reiterated a “buy” rating and set a $69.00 price target on shares of PAR Technology in a research report on Friday, August 9th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Wednesday, September 18th. Needham & Company LLC boosted their price target on PAR Technology from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Stephens boosted their price target on PAR Technology from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday.

PAR Technology Price Performance

Shares of NYSE PAR opened at $60.91 on Friday. PAR Technology has a twelve month low of $28.21 and a twelve month high of $62.29. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -23.70 and a beta of 2.16. The business has a 50 day simple moving average of $54.50 and a 200-day simple moving average of $48.96.

PAR Technology (NYSE:PAR) last issued its quarterly 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 net margin of 0.44% and a negative return on equity of 10.93%. The firm had revenue of $78.20 million during the quarter, compared to the consensus estimate of $115.14 million. During the same quarter last year, the firm posted ($0.65) earnings per share. PAR Technology’s revenue was up 12.5% compared to the same quarter last year. As a group, equities research analysts expect that PAR Technology will post -1.67 earnings per share for the current year.

Institutional Trading of PAR Technology

Several institutional investors have recently modified their holdings of PAR. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology during the second quarter worth $32,000. Amalgamated Bank raised its position in shares of PAR Technology by 25.5% during the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares during the period. NBC Securities Inc. acquired a new stake in shares of PAR Technology during the first quarter worth $76,000. Central Pacific Bank Trust Division acquired a new stake in shares of PAR Technology during the first quarter worth $78,000. Finally, LRI Investments LLC acquired a new stake in shares of PAR Technology during the first quarter worth $99,000.

PAR Technology Company Profile

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.