Craig Hallum Boosts PAR Technology (NYSE:PAR) Price Target to $85.00

PAR Technology (NYSE:PAR - Free Report) had its price target lifted by Craig Hallum from $65.00 to $85.00 in a report published on Monday,Benzinga reports. Craig Hallum currently has a buy rating on the software maker's stock.

PAR has been the topic of a number of other research reports. Needham & Company LLC lifted their price target on shares of PAR Technology from $66.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday. Stephens boosted their price target on shares of PAR Technology from $70.00 to $83.00 and gave the company an "overweight" rating in a research report on Monday. StockNews.com raised shares of PAR Technology to a "sell" rating in a report on Thursday. Benchmark restated a "buy" rating and set a $69.00 price target on shares of PAR Technology in a research report on Friday, August 9th. Finally, Jefferies Financial Group raised shares of PAR Technology from a "hold" rating to a "buy" rating and increased their price objective for the stock from $45.00 to $60.00 in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $73.00.

PAR Technology Stock Performance

NYSE:PAR traded up $0.92 during mid-day trading on Monday, hitting $75.16. 2,327,912 shares of the company's stock traded hands, compared to its average volume of 352,705. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -300.63 and a beta of 2.14. The firm has a 50 day moving average of $57.04 and a two-hundred day moving average of $51.02. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. PAR Technology has a 12 month low of $33.13 and a 12 month high of $75.38.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The company had revenue of $78.20 million during the quarter, compared to analyst estimates of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The company's revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.65) EPS. On average, equities analysts forecast that PAR Technology will post -1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PAR Technology

Several institutional investors have recently modified their holdings of the stock. Castleark Management LLC raised its stake in shares of PAR Technology by 59.7% in the 1st quarter. Castleark Management LLC now owns 79,360 shares of the software maker's stock valued at $3,600,000 after purchasing an additional 29,680 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in PAR Technology in the 2nd quarter valued at about $3,881,000. Capital Research Global Investors lifted its stake 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 valued at $155,670,000 after purchasing an additional 1,068,641 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in PAR Technology by 219.0% during the second quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker's stock worth $1,939,000 after purchasing an additional 28,273 shares during the period. Finally, Resolute Capital Asset Partners LLC increased its position in PAR Technology by 33.3% during the second quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker's stock worth $2,825,000 after buying an additional 15,000 shares during the last quarter.

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.