Brokerages Set PAR Technology Co. (NYSE:PAR) Target Price at $81.86

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

Several research analysts recently commented on the company. StockNews.com raised PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Citigroup restated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. Benchmark restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Craig Hallum restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th.

Institutional Trading of PAR Technology

A number of institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in PAR Technology during the 4th quarter valued at about $28,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of PAR Technology during the 4th quarter worth approximately $29,000. Versant Capital Management Inc lifted its stake in PAR Technology by 996.6% in the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock valued at $40,000 after buying an additional 588 shares in the last quarter. NBC Securities Inc. acquired a new stake in PAR Technology during the 1st quarter valued at $40,000. Finally, GAMMA Investing LLC raised its holdings in shares of PAR Technology by 232.4% in the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock worth $43,000 after acquiring an additional 488 shares during the last quarter.

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PAR Technology Trading Down 2.0 %

PAR Technology stock traded down $1.13 during trading on Friday, reaching $55.15. 7,753 shares of the company were exchanged, compared to its average volume of 428,201. PAR Technology has a 52-week low of $37.74 and a 52-week high of $82.24. The company has a market capitalization of $2.22 billion, a P/E ratio of -221.00 and a beta of 1.95. The stock's 50 day simple moving average is $61.80 and its two-hundred day simple moving average is $66.76. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The software maker reported ($0.21) 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 firm had revenue of $105.01 million for the quarter, compared to analyst estimates of $99.10 million. During the same quarter last year, the company earned ($0.33) earnings per share. The firm's revenue for the quarter was up 50.2% on a year-over-year basis. On average, equities research analysts expect that PAR Technology will post -1.47 earnings per share for the current fiscal year.

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.