PAR Technology (NYSE:PAR) PT Raised to $69.00

PAR Technology (NYSE:PAR) had its price objective increased by Benchmark from $61.00 to $69.00 in a research report sent to investors on Thursday morning, Benzinga reports. Benchmark currently has a buy rating on the software maker’s stock.

Other equities analysts also recently issued research reports about the stock. Stephens raised shares of PAR Technology from an equal weight rating to an overweight rating and raised their target price for the company from $46.00 to $60.00 in a research note on Thursday, June 13th. Needham & Company LLC raised their price target on shares of PAR Technology from $53.00 to $57.00 and gave the company a buy rating in a research report on Tuesday, June 11th. Finally, The Goldman Sachs Group raised their price target 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $54.75.

PAR Technology Trading Up 1.6 %

Shares of NYSE PAR opened at $53.36 on Thursday. PAR Technology has a fifty-two week low of $28.21 and a fifty-two week high of $55.66. The company has a 50 day simple moving average of $47.30 and a two-hundred day simple moving average of $45.18. 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 (NYSE:PAR) last announced its earnings results on Thursday, May 9th. The software maker reported ($0.51) earnings per share 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 for the quarter, compared to the consensus estimate of $111.00 million. On average, analysts forecast that PAR Technology will post -1.17 EPS for the current year.

Institutional Investors Weigh In On PAR Technology

A number of large investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its position in PAR Technology by 43.4% in the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after purchasing an additional 1,068,641 shares during the period. Vanguard Group Inc. boosted its stake in shares of PAR Technology by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock worth $97,950,000 after acquiring an additional 50,793 shares during the last quarter. Progeny 3 Inc. boosted its stake in shares of PAR Technology by 47.1% during the 1st quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock worth $54,026,000 after acquiring an additional 381,232 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of PAR Technology by 1.0% during the 1st quarter. Bamco Inc. NY now owns 901,872 shares of the software maker’s stock worth $40,909,000 after acquiring an additional 8,789 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its stake in shares of PAR Technology by 1.8% during the 2nd quarter. Reinhart Partners LLC. now owns 889,724 shares of the software maker’s stock worth $41,897,000 after acquiring an additional 15,678 shares during 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.