Analysts Set PAR Technology Co. (NYSE:PAR) PT at $73.00

PAR Technology Co. (NYSE:PAR) has been given an average rating of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat Ratings reports. One 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 analysts that have issued a report on the stock in the last year is $77.38.

PAR has been the topic of a number of research reports. Craig Hallum raised their price target on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group lifted their target price on PAR Technology from $59.00 to $71.00 and gave the company a “neutral” rating in a research note on Tuesday. Needham & Company LLC upped their price target on PAR Technology from $66.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $60.00 in a report on Monday, August 12th. Finally, Benchmark boosted their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday.

Hedge Funds Weigh In On PAR Technology

A number of large investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI purchased a new position in PAR Technology in 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 valued at $55,000 after purchasing an additional 237 shares in the last quarter. LRI Investments LLC acquired a new position in PAR Technology during the first quarter worth $99,000. nVerses Capital LLC purchased a new stake in PAR Technology during the third quarter worth $125,000. Finally, RiverPark Advisors LLC acquired a new stake in PAR Technology in the second quarter valued at $191,000.

PAR Technology Price Performance

Shares of NYSE PAR opened at $73.00 on Tuesday. The company has a current ratio of 2.13, a quick ratio of 2.80 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.65 billion, a P/E ratio of -291.99 and a beta of 2.14. The stock has a 50 day moving average of $58.36 and a two-hundred day moving average of $51.64. PAR Technology has a twelve month low of $34.87 and a twelve month high of $76.10.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. PAR Technology’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.35) EPS. On average, research analysts forecast that PAR Technology will post -1.67 earnings per share 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.