PAR Technology (NYSE:PAR) Price Target Raised to $71.00

PAR Technology (NYSE:PAR) had its price target boosted by The Goldman Sachs Group from $59.00 to $71.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Other equities analysts have also issued reports about the company. Jefferies Financial Group raised 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. Needham & Company LLC upped their price objective on PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, November 7th. Stephens raised their price target on PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Lake Street Capital boosted their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given 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 price target of $77.38.

PAR Technology Price Performance

Shares of PAR opened at $73.00 on Tuesday. PAR Technology has a one year low of $34.87 and a one year high of $76.10. The stock has a 50-day moving average of $58.36 and a 200-day moving average of $51.64. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.80 and a current ratio of 2.13.

PAR Technology (NYSE:PAR) last posted its 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 company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm’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) earnings per share. On average, sell-side analysts anticipate that PAR Technology will post -1.67 earnings per share for the current fiscal year.

Institutional Trading of PAR Technology

Institutional investors have recently made changes to their positions in the stock. Castleark Management LLC increased its position in PAR Technology by 59.7% during 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 bought a new position in PAR Technology during the 2nd quarter valued at about $3,881,000. Capital Research Global Investors lifted its holdings in shares of PAR Technology by 43.4% during 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 buying an additional 1,068,641 shares during the period. Harbor Capital Advisors Inc. boosted its position in PAR Technology by 219.0% in 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 last quarter. Finally, Resolute Capital Asset Partners LLC boosted its holdings in shares of PAR Technology by 33.3% in 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.

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.