Benchmark Issues Positive Forecast for PAR Technology (NYSE:PAR) Stock Price

PAR Technology (NYSE:PAR - Free Report) had its price objective lifted by Benchmark from $69.00 to $92.00 in a research report sent to investors on Tuesday,Benzinga reports. Benchmark currently has a buy rating on the software maker's stock.

A number of other analysts have also recently issued reports on PAR. Jefferies Financial Group raised PAR Technology from a "hold" rating to a "buy" rating and raised their price objective for the company from $45.00 to $60.00 in a research report on Monday, August 12th. StockNews.com raised shares of PAR Technology to a "sell" rating in a report on Thursday, November 7th. Needham & Company LLC increased their price target on shares of PAR Technology from $66.00 to $90.00 and gave the company a "buy" rating in a report on Monday. Lake Street Capital boosted their price objective on PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a report on Monday. Finally, Stephens increased their target price on PAR Technology from $70.00 to $83.00 and gave the stock an "overweight" rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $77.38.

PAR Technology Stock Down 0.3 %

Shares of NYSE PAR traded down $0.25 during midday trading on Tuesday, reaching $74.91. The company's stock had a trading volume of 561,427 shares, compared to its average volume of 352,783. PAR Technology has a fifty-two week low of $33.13 and a fifty-two week high of $75.57. The stock has a 50 day simple moving average of $57.04 and a 200-day simple moving average of $51.02. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -301.44 and a beta of 2.14. 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 (NYSE:PAR - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to analysts' expectations of $91.01 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The company's revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.35) EPS. Equities research analysts predict that PAR Technology will post -1.67 earnings per share for the current year.

Institutional Trading of PAR Technology

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its stake in PAR Technology by 43.4% in the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker's stock valued at $155,670,000 after acquiring an additional 1,068,641 shares during the period. Vanguard Group Inc. grew its stake in shares of PAR Technology by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker's stock worth $97,950,000 after acquiring an additional 50,793 shares during the period. Progeny 3 Inc. raised its holdings in PAR Technology by 10.9% during the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker's stock valued at $62,199,000 after acquiring an additional 129,810 shares during the period. Royce & Associates LP increased its position in shares of PAR Technology by 2.6% during the third quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker's stock valued at $61,677,000 after buying an additional 30,000 shares during the period. Finally, Reinhart Partners LLC. raised its position in shares of PAR Technology by 6.4% in the third quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker's stock worth $49,308,000 after buying an additional 57,049 shares in 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.