PAR Technology (NYSE:PAR) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

PAR Technology (NYSE:PAR) had its price target raised by The Goldman Sachs Group from $71.00 to $79.00 in a report released on Monday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the software maker’s stock.

PAR has been the topic of several other research reports. Jefferies Financial Group upgraded PAR Technology from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $60.00 in a research report on Monday, August 12th. Lake Street Capital raised their target price on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Stephens lifted their price objective on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Craig Hallum lifted their price objective on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Stock Up 1.3 %

Shares of PAR opened at $79.58 on Monday. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology has a 12 month low of $37.74 and a 12 month high of $82.24. The stock’s 50 day moving average is $64.97 and its two-hundred day moving average is $55.15. The firm has a market cap of $2.89 billion, a P/E ratio of -318.31 and a beta of 2.20.

PAR Technology (NYSE:PAR) last issued its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. During the same period last year, the company earned ($0.35) earnings per share. PAR Technology’s quarterly revenue was down 9.6% compared to the same quarter last year. Analysts predict that PAR Technology will post -1.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PAR. Vanguard Group Inc. grew its stake in 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 purchasing an additional 50,793 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of PAR Technology by 14.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,655 shares of the software maker’s stock worth $348,000 after acquiring an additional 954 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of PAR Technology by 219.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker’s stock worth $1,939,000 after acquiring an additional 28,273 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of PAR Technology by 36.2% in the 2nd quarter. SG Americas Securities LLC now owns 6,670 shares of the software maker’s stock valued at $314,000 after purchasing an additional 1,772 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its holdings in shares of PAR Technology by 1.8% in the 2nd quarter. Reinhart Partners LLC. now owns 889,724 shares of the software maker’s stock valued at $41,897,000 after purchasing an additional 15,678 shares during 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.