PAR Technology (NYSE:PAR) Price Target Raised to $65.00

PAR Technology (NYSE:PAR) had its price objective upped by The Goldman Sachs Group from $57.00 to $65.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

PAR has been the subject of a number of other reports. Stephens restated an “overweight” rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Benchmark restated a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a research report on Monday. Craig Hallum reaffirmed a “buy” rating on shares of PAR Technology in a research report on Friday, February 28th. Finally, Citigroup reaffirmed a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.86.

PAR Technology Trading Down 0.3%

PAR Technology stock opened at $69.19 on Monday. The business has a 50-day simple moving average of $59.53 and a two-hundred day simple moving average of $67.26. The company has a market cap of $2.80 billion, a P/E ratio of -276.75 and a beta of 1.76. PAR Technology has a 52-week low of $41.86 and a 52-week high of $82.24. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $103.86 million during the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business’s quarterly revenue was up 48.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.36) EPS. Analysts predict that PAR Technology will post -1.47 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Barclays PLC lifted its holdings in PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock worth $3,310,000 after purchasing an additional 51,578 shares in the last quarter. Franklin Resources Inc. lifted its holdings in PAR Technology by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker’s stock worth $903,000 after purchasing an additional 932 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in PAR Technology by 119.2% in the 4th quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker’s stock worth $1,764,000 after purchasing an additional 13,200 shares in the last quarter. Yarbrough Capital LLC lifted its holdings in PAR Technology by 61.9% in the 4th quarter. Yarbrough Capital LLC now owns 12,612 shares of the software maker’s stock worth $917,000 after purchasing an additional 4,820 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in PAR Technology by 18.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,715 shares of the software maker’s stock worth $779,000 after purchasing an additional 1,663 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.