PAR Technology (NYSE:PAR) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

PAR Technology (NYSE:PAR) had its price objective boosted by The Goldman Sachs Group from $71.00 to $79.00 in a research report released on Monday morning,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

A number of other equities analysts have also weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Tuesday, November 26th. Lake Street Capital increased their price objective on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Benchmark boosted their target price on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Stephens raised their price target on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $60.00 in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Stock Down 2.1 %

NYSE:PAR opened at $79.44 on Monday. PAR Technology has a 1-year low of $37.74 and a 1-year high of $82.24. The company has a market capitalization of $2.88 billion, a PE ratio of -317.75 and a beta of 2.14. The firm’s 50-day moving average price is $64.02 and its 200-day moving average price is $54.75. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.35) earnings per share. On average, equities analysts predict that PAR Technology will post -1.56 EPS for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. Magnolia Capital Advisors LLC bought a new position in PAR Technology in the 2nd quarter worth about $3,881,000. Harbor Capital Advisors Inc. lifted its holdings in shares of PAR Technology by 219.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker’s stock worth $1,939,000 after buying an additional 28,273 shares during the period. Resolute Capital Asset Partners LLC grew its position in shares of PAR Technology by 33.3% during the 2nd quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock worth $2,825,000 after buying an additional 15,000 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of PAR Technology by 2.4% during the first quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock valued at $97,950,000 after buying an additional 50,793 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in PAR Technology by 252.0% in the second quarter. Renaissance Technologies LLC now owns 105,600 shares of the software maker’s stock worth $4,973,000 after acquiring an additional 75,600 shares during the period.

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.