PAR Technology (NYSE:PAR) Stock Price Expected to Rise, Stephens Analyst Says

PAR Technology (NYSE:PAR - Free Report) had its target price lifted by Stephens from $70.00 to $83.00 in a research report report published on Monday,Benzinga reports. The firm currently has an overweight rating on the software maker's stock.

Several other research firms also recently commented on PAR. Benchmark reaffirmed a "buy" rating and issued a $69.00 price target 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 report on Thursday. The Goldman Sachs Group raised their price target 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. Needham & Company LLC raised 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. Finally, Jefferies Financial Group upgraded shares of PAR Technology from a "hold" rating to a "buy" rating and upped their price target for the company from $45.00 to $60.00 in a research note on Monday, August 12th. One 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 company. According to data from MarketBeat.com, PAR Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

PAR Technology Price Performance

PAR stock traded up $0.92 during trading on Monday, hitting $75.16. 2,327,876 shares of the company's stock traded hands, compared to its average volume of 352,705. PAR Technology has a 52 week low of $33.13 and a 52 week high of $75.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The business has a fifty day simple moving average of $57.04 and a 200 day simple moving average of $51.02. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -300.63 and a beta of 2.14.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The business had revenue of $78.20 million for the quarter, compared to the consensus estimate of $115.14 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. PAR Technology's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.65) EPS. As a group, research analysts expect that PAR Technology will post -1.67 EPS for the current fiscal year.

Institutional Trading of PAR Technology

A number of hedge funds have recently added to or reduced their stakes in PAR. BNP Paribas Financial Markets boosted its holdings in PAR Technology by 87.6% during the first quarter. BNP Paribas Financial Markets now owns 13,367 shares of the software maker's stock worth $606,000 after buying an additional 6,242 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in PAR Technology during the first quarter valued at $242,000. Swiss National Bank lifted its holdings in PAR Technology by 2.2% during the first quarter. Swiss National Bank now owns 55,300 shares of the software maker's stock valued at $2,508,000 after purchasing an additional 1,200 shares in the last quarter. ProShare Advisors LLC purchased a new position in PAR Technology during the first quarter valued at $222,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in PAR Technology by 8.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker's stock valued at $372,000 after purchasing an additional 610 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.