PAR Technology (NYSE:PAR) Price Target Raised to $83.00

PAR Technology (NYSE:PAR) had its target price hoisted by Stephens from $70.00 to $83.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the software maker’s stock.

A number of other equities research analysts have also recently commented on PAR. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, November 7th. Needham & Company LLC increased their target price on shares of PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. The Goldman Sachs Group upped their price objective on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Finally, Benchmark restated a “buy” rating and issued a $69.00 target price on shares of PAR Technology in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, PAR Technology presently has an average rating of “Moderate Buy” and an average target price of $77.38.

PAR Technology Stock Down 0.9 %

PAR opened at $74.27 on Monday. PAR Technology has a fifty-two week low of $34.63 and a fifty-two week high of $76.10. The firm has a market capitalization of $2.70 billion, a P/E ratio of -297.07 and a beta of 2.14. The company’s 50-day moving average is $58.36 and its 200 day moving average is $51.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 2.80.

PAR Technology (NYSE:PAR) last announced its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.35) EPS. Research analysts expect that PAR Technology will post -1.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC lifted its holdings in shares of PAR Technology by 6.5% in the third quarter. MetLife Investment Management LLC now owns 20,733 shares of the software maker’s stock worth $1,080,000 after buying an additional 1,262 shares in the last quarter. Cynosure Group LLC purchased a new stake in PAR Technology in the 3rd quarter worth approximately $339,000. BNP Paribas Financial Markets boosted its holdings in PAR Technology by 40.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,924 shares of the software maker’s stock valued at $933,000 after purchasing an additional 5,174 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of PAR Technology by 6.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker’s stock valued at $892,000 after purchasing an additional 974 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of PAR Technology by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker’s stock worth $15,523,000 after purchasing an additional 20,811 shares during the period.

PAR Technology Company Profile

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.