PAR Technology Co. (NYSE:PAR) Receives $73.00 Consensus PT from Analysts

PAR Technology Co. (NYSE:PAR) has received a consensus rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $77.38.

Several research analysts have recently commented on PAR shares. Benchmark raised their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Stephens raised their target price on shares of PAR Technology from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $60.00 in a report on Monday, August 12th. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, November 7th. Finally, Needham & Company LLC raised their target price on shares of PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a report on Monday, November 11th.

PAR Technology Trading Down 0.9 %

Shares of PAR stock opened at $72.32 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 2.80. The firm has a market cap of $2.63 billion, a PE ratio of -289.28 and a beta of 2.14. The company has a 50-day moving average of $59.16 and a two-hundred day moving average of $51.98. PAR Technology has a 1-year low of $34.87 and a 1-year high of $76.10.

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, 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 quarter last year, the firm posted ($0.35) earnings per share. PAR Technology’s revenue was down 9.6% compared to the same quarter last year. On average, analysts predict that PAR Technology will post -1.67 EPS for the current year.

Institutional Trading of PAR Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI acquired a new stake in PAR Technology during the second quarter worth approximately $32,000. Amalgamated Bank increased its holdings in shares of PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after acquiring an additional 237 shares during the period. LRI Investments LLC acquired a new position in shares of PAR Technology in the 1st quarter valued at $99,000. nVerses Capital LLC acquired a new position in shares of PAR Technology in the 3rd quarter valued at $125,000. Finally, RiverPark Advisors LLC acquired a new position in shares of PAR Technology in the 2nd quarter valued at $191,000.

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.