Analysts Set PAR Technology Co. (NYSE:PAR) Target Price at $54.75

PAR Technology Co. (NYSE:PAR) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $54.75.

A number of research analysts have recently weighed in on the company. Benchmark raised their price objective on PAR Technology from $61.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Needham & Company LLC lifted their price target on PAR Technology from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. The Goldman Sachs Group lifted their price target on PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Thursday, August 1st. Finally, Stephens upgraded PAR Technology from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $46.00 to $60.00 in a research report on Thursday, June 13th.

PAR Technology Trading Up 10.3 %

Shares of PAR Technology stock opened at $49.34 on Friday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -19.20 and a beta of 2.18. The business has a 50-day moving average price of $47.35 and a 200-day moving average price of $45.52. 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 twelve month low of $28.21 and a twelve month high of $55.66.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data 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). The firm had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $111.00 million. PAR Technology had a negative net margin of 17.14% and a negative return on equity of 14.53%. Equities research analysts anticipate that PAR Technology will post -1.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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. State Board of Administration of Florida Retirement System boosted its holdings in shares of PAR Technology by 8.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker’s stock valued at $372,000 after purchasing an additional 610 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of PAR Technology in the second quarter valued at approximately $32,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of PAR Technology by 14.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,655 shares of the software maker’s stock valued at $348,000 after purchasing an additional 954 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of PAR Technology by 1.5% in the fourth 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 during the period.

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.