PAR Technology Co. (NYSE:PAR) Receives $79.25 Consensus PT from Brokerages

PAR Technology Co. (NYSE:PAR) has received a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month 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 a number of research reports. Stephens raised their price objective on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, January 3rd. The Goldman Sachs Group raised their price objective on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Craig Hallum raised their price target on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Lake Street Capital raised their price target on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.

PAR Technology Stock Performance

Shares of NYSE PAR opened at $62.22 on Thursday. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -248.86 and a beta of 2.22. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology has a 1-year low of $37.74 and a 1-year high of $82.24. The stock’s 50-day moving average is $71.71 and its 200 day moving average is $65.09.

Institutional Investors Weigh In On PAR Technology

Large investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd bought a new stake in shares of PAR Technology in the 4th quarter worth approximately $28,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of PAR Technology in the 4th quarter worth approximately $29,000. Signaturefd LLC grew its position in shares of PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock worth $44,000 after buying an additional 279 shares during the last quarter. US Bancorp DE grew its position in shares of PAR Technology by 104.3% in the 4th quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after buying an additional 341 shares during the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of PAR Technology in the 4th quarter worth approximately $113,000.

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.