Brokerages Set PAR Technology Co. (NYSE:PAR) Target Price at $79.25

PAR Technology Co. (NYSE:PAR) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $79.25.

PAR has been the topic of a number of research analyst reports. Craig Hallum increased their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group increased their price objective on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Thursday, November 7th. Lake Street Capital raised their price target on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a research report on Tuesday, November 26th.

Institutional Investors Weigh In On PAR Technology

Several large investors have recently made changes to their positions in the stock. Progeny 3 Inc. boosted its position in PAR Technology by 10.9% during the second 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. Royce & Associates LP boosted its position in PAR Technology by 2.6% during the third quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock worth $61,677,000 after purchasing an additional 30,000 shares during the period. Bamco Inc. NY boosted its position in PAR Technology by 15.2% during 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 period. Reinhart Partners LLC. boosted its position in PAR Technology by 6.4% during the third quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker’s stock worth $49,308,000 after purchasing an additional 57,049 shares during the period. Finally, State Street Corp boosted its position in PAR Technology by 1.2% during the third quarter. State Street Corp now owns 885,338 shares of the software maker’s stock worth $46,108,000 after purchasing an additional 10,582 shares during the period.

PAR Technology Stock Performance

Shares of PAR stock opened at $77.20 on Friday. PAR Technology has a one year low of $37.74 and a one year high of $82.24. The company has a 50 day moving average price of $66.47 and a 200 day moving average price of $55.85. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of -308.77 and a beta of 2.19. 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 released its quarterly 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 business’s revenue was down 9.6% on a year-over-year basis. During the same period last year, the business earned ($0.35) EPS. Sell-side analysts anticipate that PAR Technology will post -1.47 EPS 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.