Brokerages Set PAR Technology Co. (NYSE:PAR) Target Price at $81.86

Shares of PAR Technology Co. (NYSE:PAR) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $81.86.

Several equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Benchmark reaffirmed a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group increased their price target on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Stephens reaffirmed an “overweight” rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Finally, StockNews.com raised PAR Technology to a “sell” rating in a report on Monday, March 3rd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in shares of PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock worth $15,523,000 after buying an additional 20,811 shares during the period. Geode Capital Management LLC boosted its position in shares of PAR Technology by 11.1% during the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after buying an additional 81,551 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of PAR Technology during the fourth quarter worth $1,796,000. Moody National Bank Trust Division boosted its position in shares of PAR Technology by 119.2% during the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker’s stock worth $1,764,000 after buying an additional 13,200 shares during the period. Finally, Barclays PLC boosted its position in shares of PAR Technology by 431.3% during the third quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock worth $3,310,000 after buying an additional 51,578 shares during the period.

PAR Technology Price Performance

Shares of PAR Technology stock opened at $61.85 on Monday. The business has a 50 day simple moving average of $67.29 and a two-hundred day simple moving average of $66.34. PAR Technology has a 12 month low of $37.74 and a 12 month high of $82.24. The stock has a market capitalization of $2.49 billion, a P/E ratio of -247.39 and a beta of 2.20. 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 announced its earnings results on Friday, February 28th. The software maker reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. During the same period in the previous year, the company earned ($0.33) EPS. PAR Technology’s revenue was up 50.2% compared to the same quarter last year. As a group, analysts predict that PAR Technology will post -1.47 EPS for the current fiscal year.

About PAR Technology

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.