The Goldman Sachs Group began coverage on shares of PAR Technology (NYSE:PAR – Get Rating) in a research note released on Tuesday morning, The Fly reports. The firm issued a neutral rating and a $43.00 price objective on the software maker’s stock.
PAR has been the topic of a number of other research reports. William Blair reaffirmed an outperform rating on shares of PAR Technology in a report on Wednesday, March 2nd. Zacks Investment Research lowered PAR Technology from a buy rating to a hold rating in a report on Wednesday, May 4th. Craig Hallum dropped their price objective on PAR Technology from $100.00 to $60.00 in a report on Wednesday, March 2nd. Needham & Company LLC lowered their target price on PAR Technology from $65.00 to $62.00 and set a buy rating on the stock in a report on Wednesday, March 2nd. Finally, BTIG Research lowered their target price on PAR Technology from $110.00 to $60.00 and set a buy rating on the stock in a report on Wednesday, January 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $53.20.
PAR Technology stock opened at $35.39 on Tuesday. PAR Technology has a 12 month low of $28.87 and a 12 month high of $74.50. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.93 and a current ratio of 4.63. The business has a 50 day simple moving average of $36.82 and a 200-day simple moving average of $44.84.
Several large investors have recently modified their holdings of PAR. Morgan Stanley lifted its position in shares of PAR Technology by 247.6% in the second quarter. Morgan Stanley now owns 95,350 shares of the software maker’s stock valued at $6,669,000 after acquiring an additional 67,920 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in PAR Technology by 61.6% during the third quarter. Advisor Group Holdings Inc. now owns 6,716 shares of the software maker’s stock worth $413,000 after buying an additional 2,561 shares during the period. Swiss National Bank lifted its position in PAR Technology by 14.5% during the third quarter. Swiss National Bank now owns 54,500 shares of the software maker’s stock worth $3,352,000 after buying an additional 6,900 shares during the period. State Board of Administration of Florida Retirement System lifted its position in PAR Technology by 5.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 8,012 shares of the software maker’s stock worth $493,000 after buying an additional 400 shares during the period. Finally, Principal Financial Group Inc. lifted its position in PAR Technology by 35.2% during the third quarter. Principal Financial Group Inc. now owns 5,125 shares of the software maker’s stock worth $315,000 after buying an additional 1,333 shares during the period.
About PAR Technology (Get Rating)
PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including Brink POS, an open cloud solution that integrates with third party products and in-house systems; Punchh, an enterprise-grade customer loyalty and engagement solution for restaurant and convenience store brands; Data Central, a cloud software solution for back-office applications; PAR Payment Services, a merchant services offering; POS integrated solutions for wireless headsets for drive-thru order-taking; and the PAR Infinity, PAR Phase, PAR Helix, and the EverServ 8000 series platform.
- Get a free copy of the StockNews.com research report on PAR Technology (PAR)
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