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

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

A number of other equities analysts have also recently commented on the stock. Craig Hallum lifted their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday. Lake Street Capital lifted their target price on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Thursday, November 7th. Jefferies Financial Group upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $60.00 in a research report on Monday, August 12th. Finally, Stephens raised their target price on shares of PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $77.38.

PAR Technology Trading Down 1.7 %

PAR Technology stock opened at $73.00 on Tuesday. PAR Technology has a 1 year low of $34.87 and a 1 year high of $76.10. The firm’s 50 day moving average price is $58.36 and its 200-day moving average price is $51.64. The company has a current ratio of 2.13, a quick ratio of 2.80 and a debt-to-equity ratio of 0.67.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $96.80 million for the quarter, compared to the consensus estimate of $91.01 million. During the same period in the previous year, the firm posted ($0.35) EPS. PAR Technology’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate that PAR Technology will post -1.67 earnings per share for the current year.

Institutional Trading of PAR Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arcadia Investment Management Corp MI bought a new stake in PAR Technology during the 2nd quarter valued at $32,000. Amalgamated Bank lifted its stake in PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after acquiring an additional 237 shares during the period. LRI Investments LLC bought a new position in PAR Technology during the 1st quarter worth about $99,000. nVerses Capital LLC purchased a new position in PAR Technology during the 3rd quarter valued at about $125,000. Finally, RiverPark Advisors LLC bought a new stake in shares of PAR Technology in the 2nd quarter valued at about $191,000.

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.