PAR Technology (NYSE:PAR) Price Target Increased to $59.00 by Analysts at The Goldman Sachs Group

PAR Technology (NYSE:PAR) had its price target upped by The Goldman Sachs Group from $52.00 to $59.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group raised shares of PAR Technology from a hold rating to a buy rating and increased their target price for the stock from $45.00 to $60.00 in a research report on Monday, August 12th. Benchmark restated a buy rating and issued a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. Needham & Company LLC upped their price target on PAR Technology from $60.00 to $66.00 and gave the stock a buy rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded PAR Technology to a sell rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $62.50.

PAR Technology Stock Down 0.1 %

PAR opened at $56.56 on Monday. The firm has a 50 day moving average price of $53.30 and a 200 day moving average price of $48.45. The company has a market cap of $1.92 billion, a PE ratio of -22.01 and a beta of 2.16. PAR Technology has a 1 year low of $28.21 and a 1 year high of $58.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12.

PAR Technology (NYSE:PAR) last posted its earnings results on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The business had revenue of $78.20 million for the quarter, compared to analyst estimates of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the company posted ($0.65) EPS. Sell-side analysts expect that PAR Technology will post -1.67 earnings per share for the current year.

Institutional Trading of PAR Technology

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI bought a new stake in shares of PAR Technology in the second quarter worth $32,000. Amalgamated Bank increased its stake in shares of 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 buying an additional 237 shares during the last quarter. NBC Securities Inc. bought a new stake in PAR Technology during the first quarter valued at $76,000. Central Pacific Bank Trust Division bought a new stake in PAR Technology during the first quarter valued at $78,000. Finally, LRI Investments LLC acquired a new position in shares of PAR Technology during the first quarter valued at $99,000.

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.