PAR Technology Corporation (NYSE:PAR) Receives $74.57 Consensus Target Price from Brokerages

Shares of PAR Technology Corporation (NYSE:PAR) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $74.5714.

Several research analysts recently weighed in on the company. BTIG Research upgraded PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Friday, August 15th. William Blair reiterated an “outperform” rating on shares of PAR Technology in a research report on Tuesday, October 14th. Benchmark reduced their price target on PAR Technology from $92.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th. Finally, The Goldman Sachs Group dropped their price objective on PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, October 13th.

Institutional Trading of PAR Technology

Several institutional investors have recently bought and sold shares of the business. Huntington National Bank grew its holdings in PAR Technology by 66.2% in the second quarter. Huntington National Bank now owns 437 shares of the software maker’s stock valued at $30,000 after purchasing an additional 174 shares during the period. Advisors Asset Management Inc. grew its holdings in PAR Technology by 68.6% in the second quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock valued at $39,000 after purchasing an additional 229 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in PAR Technology by 3.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 6,233 shares of the software maker’s stock valued at $382,000 after purchasing an additional 234 shares during the period. Victory Capital Management Inc. grew its holdings in PAR Technology by 7.8% in the first quarter. Victory Capital Management Inc. now owns 4,752 shares of the software maker’s stock valued at $291,000 after purchasing an additional 343 shares during the period. Finally, OneDigital Investment Advisors LLC grew its holdings in PAR Technology by 4.2% in the first quarter. OneDigital Investment Advisors LLC now owns 10,733 shares of the software maker’s stock valued at $658,000 after purchasing an additional 432 shares during the period.

PAR Technology Stock Up 1.6%

Shares of PAR stock opened at $35.39 on Tuesday. The stock has a 50 day moving average of $41.43 and a 200 day moving average of $55.52. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.44 billion, a P/E ratio of -15.73 and a beta of 1.65. PAR Technology has a twelve month low of $34.22 and a twelve month high of $82.24.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Friday, August 8th. The software maker reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $112.40 million for the quarter, compared to analysts’ expectations of $111.02 million. PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The firm’s revenue was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.23) earnings per share. As a group, sell-side analysts expect that PAR Technology will post -1.47 EPS for the current year.

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.