PAR Technology Co. (NYSE:PAR) Receives $58.00 Average Price Target from Analysts

Shares of PAR Technology Co. (NYSE:PAR) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $58.00.

Several brokerages recently issued reports on PAR. Needham & Company LLC increased their target price on shares of PAR Technology from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Jefferies Financial Group upgraded 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 research note on Monday, August 12th. Benchmark reiterated a “buy” rating and issued a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. StockNews.com raised PAR Technology to a “sell” rating in a research note on Wednesday, September 18th. Finally, Stephens raised PAR Technology from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $46.00 to $60.00 in a research report on Thursday, June 13th.

Hedge Funds Weigh In On PAR Technology

Several large investors have recently bought and sold shares of PAR. Arcadia Investment Management Corp MI purchased a new stake in shares of PAR Technology in the second quarter valued at about $32,000. Amalgamated Bank lifted its position in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after buying an additional 237 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of PAR Technology in the 1st quarter worth approximately $76,000. Central Pacific Bank Trust Division bought a new stake in PAR Technology during the first quarter worth $78,000. Finally, LRI Investments LLC bought a new stake in PAR Technology during the first quarter worth $99,000.

PAR Technology Price Performance

PAR stock opened at $52.75 on Monday. The company has a quick ratio of 2.80, a current ratio of 3.12 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -20.53 and a beta of 2.17. The company’s fifty day simple moving average is $52.97 and its 200 day simple moving average is $47.62. PAR Technology has a 12-month low of $28.21 and a 12-month high of $58.57.

PAR Technology (NYSE:PAR) last issued its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The business had revenue of $78.20 million during the quarter, compared to the consensus estimate of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.65) earnings per share. On average, analysts expect that PAR Technology will post -1.67 earnings per share 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.