Stephens Boosts PAR Technology (NYSE:PAR) Price Target to $90.00

PAR Technology (NYSE:PAR) had its target price boosted by equities research analysts at Stephens from $83.00 to $90.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Stephens’ price objective would indicate a potential upside of 12.42% from the stock’s current price.

Several other research analysts have also issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research report on Tuesday. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and raised their target price for the stock from $45.00 to $60.00 in a research report on Monday, August 12th. Benchmark raised their target price on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Lake Street Capital raised their target price on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Craig Hallum lifted their price objective on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.25.

PAR Technology Trading Up 4.1 %

NYSE PAR opened at $80.06 on Tuesday. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology has a twelve month low of $36.16 and a twelve month high of $80.82. The company has a market cap of $2.91 billion, a price-to-earnings ratio of -307.67 and a beta of 2.14. The business’s fifty day moving average is $62.12 and its 200 day moving average is $53.72.

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, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the company earned ($0.35) EPS. As a group, sell-side analysts expect that PAR Technology will post -1.56 EPS for the current fiscal year.

Institutional Trading of PAR Technology

Several large investors have recently made changes to their positions in PAR. Arcadia Investment Management Corp MI acquired a new stake in shares of PAR Technology in the 2nd quarter valued at about $32,000. Amalgamated Bank grew its stake in shares of PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after buying an additional 237 shares during the period. LRI Investments LLC acquired a new stake in shares of PAR Technology in the 1st quarter valued at about $99,000. nVerses Capital LLC acquired a new stake in shares of PAR Technology in the 3rd quarter valued at about $125,000. Finally, RiverPark Advisors LLC acquired 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.