PAR Technology (NYSE:PAR) Price Target Raised to $79.00

PAR Technology (NYSE:PAR) had its price objective boosted by investment analysts at The Goldman Sachs Group from $71.00 to $79.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. The Goldman Sachs Group’s price target points to a potential downside of 0.52% from the stock’s current price.

PAR has been the subject of a number of other reports. Craig Hallum increased 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, November 11th. Benchmark increased their target price on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Thursday, November 7th. Lake Street Capital increased their target price on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Price Performance

PAR stock traded down $1.73 during midday trading on Monday, hitting $79.41. The company’s stock had a trading volume of 89,024 shares, compared to its average volume of 360,701. PAR Technology has a 12 month low of $37.74 and a 12 month 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. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -317.63 and a beta of 2.14. The company has a 50 day moving average of $63.55 and a two-hundred day moving average of $54.51.

PAR Technology (NYSE:PAR) last posted its quarterly 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 return on equity of 8.99% and a negative net margin of 0.66%. The business had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. During the same period in the prior year, the company posted ($0.35) EPS. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, analysts expect that PAR Technology will post -1.56 EPS for the current year.

Institutional Trading of PAR Technology

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arcadia Investment Management Corp MI purchased a new stake in PAR Technology in the second quarter worth $32,000. Amalgamated Bank increased its stake in shares of PAR Technology by 25.5% during the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after buying an additional 237 shares during the period. nVerses Capital LLC purchased a new position in shares of PAR Technology during the third quarter valued at $125,000. RiverPark Advisors LLC purchased a new position in shares of PAR Technology during the second quarter valued at $191,000. Finally, Principal Financial Group Inc. purchased a new position in shares of PAR Technology during the second quarter valued at $211,000.

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.