Needham & Company LLC Increases PAR Technology (NYSE:PAR) Price Target to $90.00

PAR Technology (NYSE:PAR - Get Free Report) had its price target boosted by investment analysts at Needham & Company LLC from $66.00 to $90.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the software maker's stock. Needham & Company LLC's price target suggests a potential upside of 19.74% from the company's current price.

Several other brokerages have also recently issued reports on PAR. The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $52.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, October 14th. Benchmark reissued a "buy" rating and issued a $69.00 price objective on shares of PAR Technology in a research note on Friday, August 9th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research note on Thursday. Stephens boosted their price objective on shares of PAR Technology from $65.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group raised shares of PAR Technology from a "hold" rating to a "buy" rating and boosted their price objective for the company from $45.00 to $60.00 in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.00.

PAR Technology Trading Up 1.2 %

PAR stock traded up $0.92 during mid-day trading on Monday, hitting $75.16. 2,327,876 shares of the company were exchanged, compared to its average volume of 352,705. The company has a quick ratio of 2.80, a current ratio of 3.12 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $2.73 billion, a P/E ratio of -300.63 and a beta of 2.14. The business has a fifty day simple moving average of $57.04 and a 200-day simple moving average of $51.02. 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 issued its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.05). PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The firm had revenue of $78.20 million during the quarter, compared to analysts' expectations of $115.14 million. During the same quarter in the prior year, the firm earned ($0.65) EPS. The firm's revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts predict that PAR Technology will post -1.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PAR Technology

Institutional investors and hedge funds have recently made changes to their positions in the business. Arcadia Investment Management Corp MI acquired a new position in PAR Technology in the 2nd quarter valued at about $32,000. Amalgamated Bank raised its stake in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker's stock valued at $55,000 after purchasing an additional 237 shares during the last quarter. LRI Investments LLC acquired a new position in PAR Technology in the 1st quarter valued at about $99,000. nVerses Capital LLC acquired a new position in PAR Technology in the 3rd quarter valued at about $125,000. Finally, RiverPark Advisors LLC acquired a new position in PAR Technology in the 2nd quarter valued at about $191,000.

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.