Analysts Set PAR Technology Co. (NYSE:PAR) PT at $81.86

Shares of PAR Technology Co. (NYSE:PAR - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $81.86.

A number of equities analysts have issued reports on the company. Stephens restated an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a report on Friday, February 28th. Benchmark restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, February 28th. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, The Goldman Sachs Group lifted their price objective on PAR Technology from $71.00 to $79.00 and gave the company a "neutral" rating in a report on Monday, December 2nd.

PAR Technology Price Performance

PAR Technology stock traded down $0.54 during mid-day trading on Monday, hitting $60.95. 364,911 shares of the company were exchanged, compared to its average volume of 410,526. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average of $67.56 and a 200 day moving average of $66.32. PAR Technology has a 1-year low of $37.74 and a 1-year high of $82.24. The company has a market capitalization of $2.45 billion, a PE ratio of -243.77 and a beta of 2.20.

Remove Ads

PAR Technology (NYSE:PAR - Get Free Report) last issued its earnings results on Friday, February 28th. The software maker reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.17). PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. During the same quarter last year, the business posted ($0.33) EPS. PAR Technology's quarterly revenue was up 50.2% on a year-over-year basis. As a group, sell-side analysts expect that PAR Technology will post -1.47 earnings per share for the current year.

Hedge Funds Weigh In On PAR Technology

Institutional investors and hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake 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 valued at $15,523,000 after buying an additional 20,811 shares during the period. Geode Capital Management LLC increased its stake in shares of PAR Technology by 11.1% in the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock valued at $42,664,000 after buying an additional 81,551 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of PAR Technology in the fourth quarter valued at about $1,796,000. Moody National Bank Trust Division increased its stake in shares of PAR Technology by 119.2% in the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock valued at $1,764,000 after buying an additional 13,200 shares during the period. Finally, Barclays PLC increased its stake in shares of PAR Technology by 431.3% in the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock valued at $3,310,000 after buying an additional 51,578 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.