PAR Technology (NYSE:PAR) Price Target Raised to $90.00

PAR Technology (NYSE:PARFree Report) had its target price boosted by Needham & Company LLC from $66.00 to $90.00 in a research report released on Monday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the software maker’s stock.

PAR has been the subject of several other research reports. Stephens upped their price target on PAR Technology from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. The Goldman Sachs Group increased their price target on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Benchmark restated a “buy” rating and issued a $69.00 price objective on shares of PAR Technology in a research note on Friday, August 9th. Jefferies Financial Group upgraded shares of 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 note on Monday, August 12th. Finally, StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.38.

Check Out Our Latest Stock Analysis on PAR

PAR Technology Stock Down 0.9 %

PAR opened at $74.27 on Monday. The company has a market capitalization of $2.70 billion, a PE ratio of -297.07 and a beta of 2.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 2.80. PAR Technology has a fifty-two week low of $34.63 and a fifty-two week high of $76.10. The business has a 50-day moving average of $58.36 and a 200-day moving average of $51.64.

PAR Technology (NYSE:PARGet Free Report) last announced its quarterly 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. 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 analyst estimates of $91.01 million. During the same quarter in the prior year, the business posted ($0.35) EPS. PAR Technology’s quarterly revenue was down 9.6% on a year-over-year basis. Equities research analysts forecast that PAR Technology will post -1.67 EPS for the current fiscal year.

Institutional Trading of PAR Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAR. Victory Capital Management Inc. lifted its stake in PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after purchasing an additional 219 shares during the period. Amalgamated Bank lifted its position in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after buying an additional 237 shares during the period. Inspire Investing LLC boosted its stake in PAR Technology by 6.1% in the 3rd quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock valued at $413,000 after buying an additional 454 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in PAR Technology by 8.0% in 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 acquiring an additional 610 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in PAR Technology during the second quarter worth $32,000.

PAR Technology Company Profile

(Get Free Report)

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.

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