Craig Hallum Increases PAR Technology (NYSE:PAR) Price Target to $100.00


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PAR Technology (NYSE:PAR) had its price objective lifted by equities researchers at Craig Hallum from $90.00 to $100.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Craig Hallum’s target price suggests a potential upside of 24.49% from the stock’s current price.

Several other brokerages also recently commented on PAR. Jefferies Financial Group increased their price objective on PAR Technology from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, April 9th. Zacks Investment Research downgraded PAR Technology from a “hold” rating to a “sell” rating in a research note on Thursday, April 8th. Sidoti raised PAR Technology from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $107.00 in a research note on Monday, March 22nd. BTIG Research increased their price target on PAR Technology from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, William Blair began coverage on PAR Technology in a research report on Friday, February 5th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $82.67.

PAR stock opened at $80.33 on Thursday. The company has a market cap of $1.95 billion, a P/E ratio of -48.68 and a beta of 1.91. PAR Technology has a fifty-two week low of $13.85 and a fifty-two week high of $90.35. The stock’s 50 day simple moving average is $75.42 and its 200 day simple moving average is $62.31. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.39 and a current ratio of 3.05.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Sunday, March 14th. The software maker reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.36). The company had revenue of $58.52 million during the quarter, compared to analysts’ expectations of $58.39 million. PAR Technology had a negative return on equity of 22.99% and a negative net margin of 14.14%. Equities analysts predict that PAR Technology will post -0.79 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Lowell Blake & Associates Inc. increased its position in shares of PAR Technology by 6.5% during the fourth quarter. Lowell Blake & Associates Inc. now owns 113,665 shares of the software maker’s stock valued at $7,137,000 after acquiring an additional 6,936 shares during the last quarter. Rovida Advisors Inc. grew its holdings in PAR Technology by 23.0% during the fourth quarter. Rovida Advisors Inc. now owns 1,024,895 shares of the software maker’s stock valued at $64,333,000 after purchasing an additional 191,722 shares during the period. Greenhaven Road Investment Management L.P. grew its holdings in PAR Technology by 4.6% during the fourth quarter. Greenhaven Road Investment Management L.P. now owns 941,408 shares of the software maker’s stock valued at $59,111,000 after purchasing an additional 41,408 shares during the period. Swiss National Bank bought a new position in PAR Technology during the fourth quarter valued at $2,913,000. Finally, Must Asset Management Inc. bought a new position in PAR Technology during the fourth quarter valued at $1,861,000. 78.99% of the stock is owned by institutional investors.

About PAR Technology

PAR Technology Corporation, together with its subsidiaries, provides point-of-sale (POS) solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers POS technology solutions, including Brink POS, an open solution that integrates with third party products and in-house systems; PixelPoint, an on-premise integrated software solution that provides a self-service ordering, back-office management, and enterprise level loyalty and gift card information sharing services; PAR merchant card payment services; Data Central, a cloud software platform of back-office applications; and PAR EverServ POS platforms.

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Analyst Recommendations for PAR Technology (NYSE:PAR)

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