PAR Technology (NYSE:PAR) Price Target Raised to $79.00 at The Goldman Sachs Group

PAR Technology (NYSE:PAR) had its target price upped by The Goldman Sachs Group from $71.00 to $79.00 in a research report released on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the software maker’s stock.

A number of other equities analysts also recently weighed in on PAR. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. Stephens lifted their price target on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. StockNews.com upgraded PAR Technology to a “sell” rating in a research note on Thursday, November 7th. Lake Street Capital lifted their target price on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Benchmark increased their price target on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, PAR Technology presently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

PAR Technology Stock Performance

Shares of PAR Technology stock opened at $79.44 on Monday. PAR Technology has a 52 week low of $37.74 and a 52 week high of $82.24. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $64.02 and a 200-day moving average price of $54.75. The company has a market cap of $2.88 billion, a PE ratio of -317.75 and a beta of 2.14.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. During the same period last year, the business earned ($0.35) EPS. The business’s revenue was down 9.6% on a year-over-year basis. Equities analysts anticipate that PAR Technology will post -1.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new position in shares of PAR Technology during the second quarter valued at about $32,000. Amalgamated Bank increased 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 worth $55,000 after purchasing an additional 237 shares during the period. nVerses Capital LLC purchased a new stake in shares of PAR Technology during the third quarter valued at approximately $125,000. RiverPark Advisors LLC purchased a new position in shares of PAR Technology in the second quarter worth $191,000. Finally, Principal Financial Group Inc. bought a new stake in PAR Technology during the 2nd quarter valued at $211,000.

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.