PAR Technology (PAR) – Analysts’ Recent Ratings Changes

PAR Technology (NYSE: PAR) has recently received a number of price target changes and ratings updates:

• 11/12/2024 – PAR Technology had its price target raised by analysts at The Goldman Sachs Group, Inc. from $59.00 to $71.00. They now have a “neutral” rating on the stock.
• 11/12/2024 – PAR Technology had its price target raised by analysts at Benchmark Co. from $69.00 to $92.00. They now have a “buy” rating on the stock.
• 11/11/2024 – PAR Technology had its price target raised by analysts at Stephens from $70.00 to $83.00. They now have an “overweight” rating on the stock.
• 11/11/2024 – PAR Technology had its price target raised by analysts at Lake Street Capital from $57.00 to $77.00. They now have a “buy” rating on the stock.
• 11/11/2024 – PAR Technology had its price target raised by analysts at Craig Hallum from $65.00 to $85.00. They now have a “buy” rating on the stock.
• 11/11/2024 – PAR Technology had its price target raised by analysts at Needham & Company LLC from $66.00 to $90.00. They now have a “buy” rating on the stock.
• 11/7/2024 – PAR Technology was upgraded by analysts at StockNews.com to a “sell” rating.
• 10/18/2024 – PAR Technology had its price target raised by analysts at Stephens from $65.00 to $70.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – PAR Technology had its price target raised by analysts at The Goldman Sachs Group, Inc. from $52.00 to $59.00. They now have a “neutral” rating on the stock.
• 10/10/2024 – PAR Technology had its price target raised by analysts at Needham & Company LLC from $60.00 to $66.00. They now have a “buy” rating on the stock.
• 9/18/2024 – PAR Technology was upgraded by analysts at StockNews.com to a “sell” rating.

PAR Technology Trading Down 2.2 %

Shares of NYSE PAR traded down $1.63 during mid-day trading on Friday, reaching $71.37. The company had a trading volume of 140,389 shares, compared to its average volume of 353,830. PAR Technology Co. has a 52 week low of $34.87 and a 52 week high of $76.10. The business’s 50-day moving average is $58.36 and its 200-day moving average is $51.64. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of -285.47 and a beta of 2.14. The company has a current ratio of 2.13, a quick ratio of 2.80 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS 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 for the quarter, compared to the consensus estimate of $91.01 million. During the same period last year, the business posted ($0.35) EPS. PAR Technology’s quarterly revenue was down 9.6% on a year-over-year basis. Equities analysts expect that PAR Technology Co. will post -1.67 earnings per share for the current year.

Hedge Funds Weigh In On PAR Technology

A number of institutional investors have recently modified their holdings of PAR. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology in the second quarter worth approximately $32,000. Amalgamated Bank boosted its stake in 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 purchasing an additional 237 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of PAR Technology during the first quarter worth $99,000. nVerses Capital LLC acquired a new stake in shares of PAR Technology in the third quarter valued at about $125,000. Finally, RiverPark Advisors LLC purchased a new position in shares of PAR Technology in the second quarter worth about $191,000.

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.