PAR Technology (NYSE:PAR) Price Target Raised to $92.00

PAR Technology (NYSE:PAR) had its price target increased by Benchmark from $69.00 to $92.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

PAR has been the topic of a number of other research reports. Lake Street Capital upped their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a report on Thursday, November 7th. Stephens lifted their price objective on PAR Technology from $70.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday. The Goldman Sachs Group increased their target price on PAR Technology from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Craig Hallum lifted their target price on PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.38.

PAR Technology Stock Performance

PAR Technology stock opened at $73.00 on Tuesday. The firm has a 50 day simple moving average of $58.36 and a 200-day simple moving average of $51.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 2.80. PAR Technology has a 1-year low of $34.87 and a 1-year high of $76.10.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data 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 return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. During the same period in the prior year, the business posted ($0.35) earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. Sell-side analysts anticipate that PAR Technology will post -1.67 earnings per share for the current year.

Hedge Funds Weigh In On PAR Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Castleark Management LLC lifted its stake in PAR Technology by 59.7% in the first quarter. Castleark Management LLC now owns 79,360 shares of the software maker’s stock worth $3,600,000 after acquiring an additional 29,680 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new stake in shares of PAR Technology during the 2nd quarter worth $3,881,000. Capital Research Global Investors grew its stake in shares of PAR Technology by 43.4% during the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after purchasing an additional 1,068,641 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in PAR Technology by 219.0% in the second quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker’s stock valued at $1,939,000 after buying an additional 28,273 shares during the last quarter. Finally, Resolute Capital Asset Partners LLC raised its stake in PAR Technology by 33.3% in the second quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock valued at $2,825,000 after buying an additional 15,000 shares in the last quarter.

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.