The Goldman Sachs Group Boosts PAR Technology (NYSE:PAR) Price Target to $71.00

PAR Technology (NYSE:PAR) had its price objective increased by The Goldman Sachs Group from $59.00 to $71.00 in a research note published on Tuesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the software maker’s stock.

Several other equities analysts also recently commented on the stock. Needham & Company LLC increased their price objective on shares of PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Craig Hallum upped their target price on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $60.00 in a report on Monday, August 12th. Stephens lifted their target price on shares of PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Benchmark raised their price target on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.38.

PAR Technology Trading Down 0.9 %

Shares of PAR stock opened at $72.32 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.80 and a current ratio of 2.13. PAR Technology has a fifty-two week low of $34.87 and a fifty-two week high of $76.10. The company has a market cap of $2.63 billion, a PE ratio of -289.27 and a beta of 2.14. The stock’s fifty day moving average price is $58.77 and its two-hundred day moving average price is $51.79.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.35) earnings per share. Equities analysts predict that PAR Technology will post -1.67 EPS for the current fiscal year.

Institutional Trading of PAR Technology

Several hedge funds have recently bought and sold shares of the business. Castleark Management LLC grew its holdings in shares of PAR Technology by 59.7% during the first quarter. Castleark Management LLC now owns 79,360 shares of the software maker’s stock valued at $3,600,000 after buying an additional 29,680 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in PAR Technology during the 2nd quarter worth approximately $3,881,000. Capital Research Global Investors raised its stake in shares of PAR Technology by 43.4% in the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after purchasing an additional 1,068,641 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of PAR Technology by 219.0% in the second quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker’s stock valued at $1,939,000 after purchasing an additional 28,273 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC boosted its position in shares of PAR Technology by 33.3% during the second quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock valued at $2,825,000 after buying an additional 15,000 shares during the last quarter.

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.