PAR Technology (NYSE:PAR) PT Raised to $60.00

PAR Technology (NYSE:PAR) had its price objective raised by research analysts at Needham & Company LLC from $57.00 to $60.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Needham & Company LLC’s target price points to a potential upside of 18.13% from the company’s previous close.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group lifted their price objective on shares of PAR Technology from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, August 1st. Benchmark increased their price target on shares of PAR Technology from $61.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Stephens upgraded shares of PAR Technology from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $46.00 to $60.00 in a research report on Thursday, June 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $55.13.

PAR Technology Stock Performance

PAR traded up $1.45 during trading on Friday, hitting $50.79. 406,822 shares of the stock were exchanged, compared to its average volume of 417,995. The company has a quick ratio of 1.81, a current ratio of 2.07 and a debt-to-equity ratio of 0.72. PAR Technology has a 1-year low of $28.21 and a 1-year high of $55.66. The stock has a fifty day moving average price of $47.53 and a two-hundred day moving average price of $45.57. The firm has a market capitalization of $1.73 billion, a P/E ratio of -19.76 and a beta of 2.18.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, May 9th. The software maker reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.07). PAR Technology had a negative net margin of 17.14% and a negative return on equity of 14.53%. The business had revenue of $105.50 million during the quarter, compared to analyst estimates of $111.00 million. As a group, sell-side analysts predict that PAR Technology will post -1.17 earnings per share for the current year.

Institutional Investors Weigh In On PAR Technology

A number of institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of PAR Technology by 15.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,625 shares of the software maker’s stock valued at $985,000 after buying an additional 3,100 shares during the period. Voss Capital LLC acquired a new position in shares of PAR Technology during the fourth quarter worth $15,262,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of PAR Technology by 8.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,908 shares of the software maker’s stock valued at $257,000 after purchasing an additional 468 shares during the period. Atria Wealth Solutions Inc. grew its holdings in PAR Technology by 1.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 77,586 shares of the software maker’s stock valued at $3,378,000 after purchasing an additional 1,167 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in PAR Technology by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 215,699 shares of the software maker’s stock valued at $9,392,000 after purchasing an additional 5,143 shares in the last quarter.

About PAR Technology

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.