Brokerages Set PAR Technology Co. (NYSE:PAR) Price Target at $79.25

Shares of PAR Technology Co. (NYSE:PAR) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $79.25.

Several research analysts have commented on PAR shares. Lake Street Capital increased their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Benchmark increased their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research report on Tuesday, November 26th. Jefferies Financial Group upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $45.00 to $60.00 in a research report on Monday, August 12th. Finally, The Goldman Sachs Group upped their target price on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAR. Victory Capital Management Inc. grew its position in PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after buying an additional 219 shares during the period. Amalgamated Bank grew its position in 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 buying an additional 237 shares during the period. Inspire Investing LLC grew its position in PAR Technology by 6.1% during the third quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock worth $413,000 after buying an additional 454 shares during the period. Arcadia Investment Management Corp MI acquired a new position in PAR Technology during the second quarter worth about $32,000. Finally, RiverPark Advisors LLC grew its position in PAR Technology by 21.3% during the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares during the period.

PAR Technology Stock Performance

Shares of PAR opened at $77.20 on Friday. 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’s 50 day moving average price is $66.47 and its 200-day moving average price is $55.85. PAR Technology has a 52 week low of $37.74 and a 52 week high of $82.24. The stock has a market cap of $2.80 billion, a P/E ratio of -308.77 and a beta of 2.19.

PAR Technology (NYSE:PAR) last announced its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. During the same period in the previous year, the business earned ($0.35) EPS. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. Equities research analysts anticipate that PAR Technology will post -1.47 earnings per share for the current fiscal year.

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.