PAR Technology (NYSE:PAR) Stock Price Expected to Rise, Stephens Analyst Says

PAR Technology (NYSE:PAR) had its price target boosted by stock analysts at Stephens from $83.00 to $90.00 in a research note issued 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.

A number of other equities research analysts also recently issued reports on PAR. Benchmark increased their price target on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Craig Hallum increased their price target on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group increased their price target on PAR Technology from $59.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Lake Street Capital increased their price target 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, StockNews.com raised 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 given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.25.

PAR Technology Price Performance

Shares of NYSE PAR opened at $80.06 on Tuesday. The firm has a market cap of $2.91 billion, a P/E ratio of -307.67 and a beta of 2.14. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology has a 1-year low of $36.16 and a 1-year high of $80.82. The business’s 50 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 for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The company had revenue of $96.80 million for 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%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.35) earnings per share. Equities research analysts predict that PAR Technology will post -1.56 earnings per share for the current year.

Institutional Investors Weigh In On PAR Technology

A number of large investors have recently modified their holdings of the business. Franklin Resources Inc. boosted its holdings in shares of PAR Technology by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker’s stock valued at $903,000 after purchasing an additional 932 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of PAR Technology during the 3rd quarter valued at $655,000. Geode Capital Management LLC boosted its holdings in shares of PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock valued at $42,664,000 after acquiring an additional 81,551 shares in the last quarter. ABS Direct Equity Fund LLC boosted its holdings in shares of PAR Technology by 7.3% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 73,580 shares of the software maker’s stock valued at $3,832,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of PAR Technology by 431.3% during the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker’s stock valued at $3,310,000 after acquiring an additional 51,578 shares in the last quarter.

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.