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

PAR Technology Co. (NYSE:PAR) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $79.25.

PAR has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. StockNews.com upgraded PAR Technology to a “sell” rating in a research note on Thursday, November 7th. Craig Hallum lifted their price objective on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Benchmark upped 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. Finally, Stephens lifted their target price on shares of PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new stake in PAR Technology during the second quarter valued at $32,000. Amalgamated Bank grew its holdings 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 in the last quarter. nVerses Capital LLC purchased a new position in shares of PAR Technology during the third quarter worth about $125,000. Principal Financial Group Inc. bought a new stake in shares of PAR Technology during the 2nd quarter worth $211,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after purchasing an additional 219 shares in the last quarter.

PAR Technology Trading Up 3.6 %

Shares of PAR Technology stock opened at $74.08 on Wednesday. The firm has a market cap of $2.69 billion, a PE ratio of -296.31 and a beta of 2.21. PAR Technology has a 1 year low of $37.74 and a 1 year high of $82.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The stock has a fifty day moving average price of $73.47 and a 200-day moving average price of $59.60.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $91.01 million. During the same quarter last year, the company posted ($0.35) earnings per share. The firm’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 EPS for the current year.

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.