PAR Technology (NYSE:PAR) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of PAR Technology (NYSE:PARGet Rating) in a report issued on Tuesday morning, The Fly reports. The brokerage issued a neutral rating on the software maker’s stock.

Other analysts have also recently issued research reports about the company. Needham & Company LLC dropped their price objective on PAR Technology from $65.00 to $62.00 and set a buy rating on the stock in a report on Wednesday, March 2nd. Craig Hallum dropped their price objective on PAR Technology from $100.00 to $60.00 in a report on Wednesday, March 2nd. William Blair reissued an outperform rating on shares of PAR Technology in a report on Wednesday, March 2nd. BTIG Research dropped their price objective on PAR Technology from $110.00 to $60.00 and set a buy rating on the stock in a report on Wednesday, January 26th. Finally, Zacks Investment Research cut PAR Technology from a buy rating to a hold rating in a report on Wednesday, May 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PAR Technology has a consensus rating of Buy and a consensus price target of $55.75.

Shares of NYSE PAR opened at $34.54 on Tuesday. PAR Technology has a one year low of $28.87 and a one year high of $74.50. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.63 and a quick ratio of 3.93. The business’s fifty day moving average price is $36.96 and its 200-day moving average price is $45.13. The stock has a market capitalization of $934.62 million, a PE ratio of -10.97 and a beta of 1.96.

PAR Technology (NYSE:PARGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The software maker reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.33. PAR Technology had a negative return on equity of 16.67% and a negative net margin of 26.94%. The firm had revenue of $80.30 million for the quarter, compared to analysts’ expectations of $74.66 million. During the same quarter in the prior year, the firm earned ($0.38) EPS. The business’s revenue for the quarter was up 47.1% compared to the same quarter last year. As a group, equities analysts expect that PAR Technology will post -2.12 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC increased its position in shares of PAR Technology by 2.9% during the 3rd quarter. Voya Investment Management LLC now owns 9,436 shares of the software maker’s stock valued at $580,000 after purchasing an additional 262 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of PAR Technology by 1.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,518 shares of the software maker’s stock valued at $766,000 after purchasing an additional 277 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of PAR Technology by 5.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 8,012 shares of the software maker’s stock valued at $493,000 after purchasing an additional 400 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of PAR Technology by 11.6% during the 1st quarter. Teacher Retirement System of Texas now owns 5,262 shares of the software maker’s stock valued at $212,000 after purchasing an additional 549 shares during the last quarter. Finally, Eschler Asset Management LLP increased its position in shares of PAR Technology by 2.9% during the 1st quarter. Eschler Asset Management LLP now owns 22,210 shares of the software maker’s stock valued at $896,000 after purchasing an additional 627 shares during the last quarter.

About PAR Technology (Get Rating)

PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including Brink POS, an open cloud solution that integrates with third party products and in-house systems; Punchh, an enterprise-grade customer loyalty and engagement solution for restaurant and convenience store brands; Data Central, a cloud software solution for back-office applications; PAR Payment Services, a merchant services offering; POS integrated solutions for wireless headsets for drive-thru order-taking; and the PAR Infinity, PAR Phase, PAR Helix, and the EverServ 8000 series platform.

Further Reading

The Fly logo

Receive News & Ratings for PAR Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PAR Technology and related companies with MarketBeat.com's FREE daily email newsletter.