PAR Technology (NYSE:PAR) PT Lowered to $31.00

PAR Technology (NYSE:PARGet Rating) had its price objective dropped by analysts at The Goldman Sachs Group from $44.00 to $31.00 in a note issued to investors on Monday, MarketBeat.com reports. The firm presently has a “neutral” rating on the software maker’s stock. The Goldman Sachs Group’s target price points to a potential upside of 22.72% from the company’s current price.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group lowered shares of PAR Technology from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a report on Wednesday, August 10th. BTIG Research cut their price objective on shares of PAR Technology from $60.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, November 9th. Needham & Company LLC dropped their target price on shares of PAR Technology from $53.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, November 10th. Finally, StockNews.com began coverage on shares of PAR Technology in a report on Wednesday, October 12th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.40.

PAR Technology Trading Down 1.8 %

NYSE PAR opened at $25.26 on Monday. The stock has a 50-day moving average of $29.26 and a 200-day moving average of $34.49. The firm has a market cap of $689.35 million, a PE ratio of -8.36 and a beta of 1.79. PAR Technology has a 1-year low of $20.37 and a 1-year high of $66.87. The company has a current ratio of 3.55, a quick ratio of 2.94 and a debt-to-equity ratio of 1.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of PAR Technology during the 1st quarter valued at about $136,000. New York State Common Retirement Fund lifted its holdings in PAR Technology by 5.8% in the first quarter. New York State Common Retirement Fund now owns 48,329 shares of the software maker’s stock valued at $1,950,000 after acquiring an additional 2,629 shares during the period. Teacher Retirement System of Texas boosted its position in PAR Technology by 11.6% in the 1st quarter. Teacher Retirement System of Texas now owns 5,262 shares of the software maker’s stock worth $212,000 after purchasing an additional 549 shares in the last quarter. Brooktree Capital Management grew its stake in shares of PAR Technology by 3.2% during the 1st quarter. Brooktree Capital Management now owns 399,211 shares of the software maker’s stock worth $16,104,000 after purchasing an additional 12,467 shares during the period. Finally, Swiss National Bank increased its holdings in shares of PAR Technology by 10.8% during the 1st quarter. Swiss National Bank now owns 60,400 shares of the software maker’s stock valued at $2,437,000 after purchasing an additional 5,900 shares in the last quarter.

PAR Technology Company Profile

(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

Analyst Recommendations for PAR Technology (NYSE:PAR)

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