PAR Technology Co. (NYSE:PAR - Get Free Report) hit a new 52-week high during trading on Monday after Lake Street Capital raised their price target on the stock from $57.00 to $77.00. Lake Street Capital currently has a buy rating on the stock. PAR Technology traded as high as $75.00 and last traded at $75.00, with a volume of 431 shares trading hands. The stock had previously closed at $74.24.
A number of other equities research analysts have also recently commented on the stock. Stephens increased their price objective on shares of PAR Technology from $70.00 to $83.00 and gave the company an "overweight" rating in a research note on Monday. Benchmark restated a "buy" rating and issued a $69.00 target price on shares of PAR Technology in a report on Friday, August 9th. Jefferies Financial Group upgraded shares of PAR Technology from a "hold" rating to a "buy" rating and upped their target price for the company from $45.00 to $60.00 in a report on Monday, August 12th. StockNews.com upgraded shares of PAR Technology to a "sell" rating in a report on Thursday. Finally, The Goldman Sachs Group upped their target price on shares of PAR Technology from $52.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PAR Technology presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.
Get Our Latest Analysis on PAR
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of PAR. BNP Paribas Financial Markets lifted its holdings in shares of PAR Technology by 87.6% during the 1st quarter. BNP Paribas Financial Markets now owns 13,367 shares of the software maker's stock worth $606,000 after acquiring an additional 6,242 shares during the period. Janney Montgomery Scott LLC acquired a new stake in PAR Technology during the 1st quarter worth approximately $242,000. Swiss National Bank increased its position in PAR Technology by 2.2% during the 1st quarter. Swiss National Bank now owns 55,300 shares of the software maker's stock worth $2,508,000 after purchasing an additional 1,200 shares in the last quarter. ProShare Advisors LLC acquired a new stake in PAR Technology during the 1st quarter worth approximately $222,000. Finally, State Board of Administration of Florida Retirement System increased its position in PAR Technology by 8.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker's stock worth $372,000 after purchasing an additional 610 shares in the last quarter.
PAR Technology Stock Performance
The stock's 50-day moving average is $57.04 and its 200-day moving average is $51.02. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of -300.63 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 posted its 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). The business had revenue of $78.20 million for 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 firm's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company posted ($0.65) EPS. On average, analysts expect that PAR Technology Co. will post -1.67 EPS for the current year.
About PAR Technology
(
Get Free Report)
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.
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