PAR Technology (NYSE:PAR – Get Free Report) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $18.00 to $19.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 7.12% from the stock’s previous close.
Several other equities research analysts have also recently commented on PAR. BTIG Research cut their price target on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Weiss Ratings upgraded shares of PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. The Goldman Sachs Group lifted their price target on PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Finally, Needham & Company LLC lifted their target price on PAR Technology from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, PAR Technology has an average rating of “Moderate Buy” and an average price target of $25.28.
Get Our Latest Stock Analysis on PAR
PAR Technology Trading Down 0.5%
NYSE PAR opened at $20.46 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89. PAR Technology has a one year low of $11.59 and a one year high of $40.54. The stock’s 50-day moving average is $16.75 and its 200-day moving average is $17.07. The firm has a market cap of $846.06 million, a P/E ratio of -13.37 and a beta of 1.32.
PAR Technology (NYSE:PAR – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The software maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $137.11 million during the quarter, compared to analysts’ expectations of $129.79 million. PAR Technology had a negative net margin of 12.24% and a negative return on equity of 0.69%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 earnings per share. Sell-side analysts anticipate that PAR Technology will post -0.13 earnings per share for the current fiscal year.
Insider Buying and Selling at PAR Technology
In related news, Director Narinder Singh purchased 11,518 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average cost of $17.36 per share, for a total transaction of $199,952.48. Following the completion of the purchase, the director owned 38,527 shares in the company, valued at approximately $668,828.72. This represents a 42.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company’s stock.
Hedge Funds Weigh In On PAR Technology
A number of hedge funds have recently added to or reduced their stakes in PAR. Fulcrum Asset Management LLP raised its holdings in PAR Technology by 14,008.7% in the 3rd quarter. Fulcrum Asset Management LLP now owns 6,490 shares of the software maker’s stock valued at $88,000 after acquiring an additional 6,444 shares in the last quarter. CenterBook Partners LP lifted its position in shares of PAR Technology by 41.0% during the 3rd quarter. CenterBook Partners LP now owns 33,105 shares of the software maker’s stock valued at $456,000 after acquiring an additional 9,628 shares during the period. Inspire Investing LLC grew its holdings in shares of PAR Technology by 18.8% during the 3rd quarter. Inspire Investing LLC now owns 46,099 shares of the software maker’s stock worth $634,000 after purchasing an additional 7,309 shares in the last quarter. Penbrook Management LLC grew its holdings in shares of PAR Technology by 18.5% during the 3rd quarter. Penbrook Management LLC now owns 63,700 shares of the software maker’s stock worth $877,000 after purchasing an additional 9,940 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of PAR Technology in the third quarter worth $933,000.
PAR Technology Company Profile
PAR Technology Corporation (NYSE:PAR) provides technology solutions for the restaurant and hospitality industries. Its offerings include point-of-sale systems, restaurant management software, digital ordering, loyalty and customer-engagement tools, payment solutions, workforce management, and related hardware and support services.
The company’s portfolio includes Brink POS, a cloud-based restaurant point-of-sale platform, and Punchh, a customer loyalty and engagement platform. PAR also provides tools designed to help restaurant operators manage digital channels, payments, data, and guest relationships through integrated technology solutions.
Founded in 1968, PAR Technology has expanded from its origins in restaurant and hospitality technology through organic development and acquisitions, including Punchh and Stuzo.
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