PAR Technology Co. (NYSE:PAR) Receives $79.25 Average PT from Analysts

Shares of PAR Technology Co. (NYSE:PAR) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, 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 twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $79.25.

Several analysts recently issued reports on PAR shares. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research report on Tuesday, November 26th. Craig Hallum raised 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. Benchmark upped 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. Lake Street Capital lifted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, November 7th.

Hedge Funds Weigh In On PAR Technology

Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in PAR Technology by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after buying an additional 219 shares during the period. Amalgamated Bank boosted its stake in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares during the period. Inspire Investing LLC grew its holdings in PAR Technology by 6.1% during the 3rd quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock valued at $413,000 after purchasing an additional 454 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of PAR Technology in the second quarter worth approximately $32,000. Finally, RiverPark Advisors LLC increased its stake in PAR Technology by 21.3% in the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after purchasing an additional 865 shares during the period.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $77.72 on Friday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -310.88 and a beta of 2.20. The business has a 50-day simple moving average of $67.55 and a two-hundred day simple moving average of $56.20. PAR Technology has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

PAR Technology (NYSE:PAR) last announced its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The business had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.35) EPS. On average, analysts expect that PAR Technology will post -1.47 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.