PAR Technology Co. (NYSE:PAR) Receives $81.86 Consensus Price Target from Analysts

Shares of PAR Technology Co. (NYSE:PAR) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $81.86.

PAR has been the topic of a number of recent analyst reports. Citigroup reissued a “neutral” rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reiterated a “buy” rating on shares of PAR Technology in a report on Friday, February 28th. StockNews.com upgraded PAR Technology to a “sell” rating in a report on Monday, March 3rd. Stephens reiterated an “overweight” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. Finally, Benchmark reissued a “buy” rating on shares of PAR Technology in a research note on Friday, February 28th.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of PAR Technology in the fourth quarter valued at about $28,000. Mountain Hill Investment Partners Corp. purchased a new position in PAR Technology during the 4th quarter valued at about $29,000. Signaturefd LLC raised its holdings in shares of PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker’s stock valued at $44,000 after purchasing an additional 279 shares in the last quarter. US Bancorp DE lifted its position in shares of PAR Technology by 104.3% in the 4th quarter. US Bancorp DE now owns 668 shares of the software maker’s stock worth $49,000 after purchasing an additional 341 shares during the period. Finally, Arcadia Investment Management Corp MI bought a new position in shares of PAR Technology during the fourth quarter valued at approximately $113,000.

PAR Technology Stock Performance

NYSE:PAR opened at $61.39 on Monday. The firm has a market capitalization of $2.47 billion, a PE ratio of -245.53 and a beta of 2.20. The stock’s fifty day moving average is $67.56 and its 200 day moving average is $66.32. PAR Technology has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Friday, February 28th. The software maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.17). The firm had revenue of $105.01 million for the quarter, compared to the consensus estimate of $99.10 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company’s revenue was up 50.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.33) EPS. On average, sell-side analysts anticipate that PAR Technology will post -1.47 earnings per share for the current year.

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.