PAR Technology (NYSE:PAR) Price Target Raised to $85.00

PAR Technology (NYSE:PAR) had its price objective hoisted by investment analysts at Craig Hallum from $65.00 to $85.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the software maker’s stock. Craig Hallum’s price objective would indicate a potential upside of 13.47% from the company’s current price.

A number of other analysts have also weighed in on the stock. Stephens increased their price objective on shares of PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a research report on Monday. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and increased their price objective 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 target price on shares of PAR Technology in a research note on Friday, August 9th. Finally, Needham & Company LLC raised their target price on shares of PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.38.

PAR Technology Stock Down 0.3 %

Shares of NYSE PAR opened at $74.91 on Monday. The firm’s 50-day moving average price is $57.93 and its 200-day moving average price is $51.48. The company has a current ratio of 3.12, a quick ratio of 2.80 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -299.64 and a beta of 2.14. PAR Technology has a 12-month low of $33.13 and a 12-month high of $75.57.

PAR Technology (NYSE:PAR) last announced its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The business’s revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.35) EPS. On average, equities research analysts anticipate that PAR Technology will post -1.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI purchased a new position in shares of PAR Technology in the second quarter worth $32,000. Amalgamated Bank raised its holdings 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. LRI Investments LLC purchased a new position in shares of PAR Technology in the first quarter worth $99,000. nVerses Capital LLC purchased a new position in shares of PAR Technology in the third quarter worth $125,000. Finally, RiverPark Advisors LLC purchased a new position in shares of PAR Technology in the second quarter worth $191,000.

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.