PAR Technology Co. (NYSE:PAR) Receives $79.25 Average Target Price from Brokerages

PAR Technology Co. (NYSE:PAR) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $79.25.

A number of analysts have recently commented on PAR shares. The Goldman Sachs Group boosted their price target on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Lake Street Capital boosted their target price on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Stephens increased their target price on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Benchmark lifted their price target on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, November 7th.

PAR Technology Price Performance

PAR opened at $75.63 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -302.51 and a beta of 2.20. The stock has a fifty day simple moving average of $68.52 and a two-hundred day simple moving average of $56.54. PAR Technology has a 12-month low of $37.74 and a 12-month high of $82.24.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. During the same period last year, the business earned ($0.35) EPS. PAR Technology’s quarterly revenue was down 9.6% compared to the same quarter last year. Research analysts predict that PAR Technology will post -1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Several large investors have recently bought and sold shares of PAR. TimesSquare Capital Management LLC purchased a new stake in shares of PAR Technology during the 3rd quarter valued at about $14,398,000. Bamco Inc. NY boosted its holdings in PAR Technology by 15.2% in the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock worth $60,981,000 after purchasing an additional 154,921 shares during the last quarter. Progeny 3 Inc. grew its position in PAR Technology by 10.9% in the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock worth $62,199,000 after purchasing an additional 129,810 shares during the period. Fred Alger Management LLC bought a new stake in PAR Technology in the 3rd quarter worth approximately $6,600,000. Finally, Magnolia Capital Advisors LLC purchased a new stake in PAR Technology during the 2nd quarter valued at $3,881,000.

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.