PAR Technology Corporation (NYSE:PAR) Receives $83.17 Consensus Target Price from Analysts

PAR Technology Corporation (NYSE:PAR) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $80.5714.

Several research firms have recently weighed in on PAR. BTIG Research upgraded PAR Technology from a “neutral” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, July 11th. Finally, The Goldman Sachs Group raised their price target on shares of PAR Technology from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, May 12th.

Insider Buying and Selling at PAR Technology

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total transaction of $69,980.00. Following the sale, the director owned 11,760 shares in the company, valued at $822,964.80. This represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in shares of PAR Technology by 8,631.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,397 shares of the software maker’s stock worth $86,000 after acquiring an additional 1,381 shares during the last quarter. Rovida Advisors Inc. increased its holdings in shares of PAR Technology by 30.6% during the 1st quarter. Rovida Advisors Inc. now owns 326,494 shares of the software maker’s stock worth $20,027,000 after acquiring an additional 76,494 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in PAR Technology in the 4th quarter valued at $350,000. Deutsche Bank AG grew its holdings in PAR Technology by 97.2% in the 4th quarter. Deutsche Bank AG now owns 38,863 shares of the software maker’s stock valued at $2,824,000 after buying an additional 19,159 shares in the last quarter. Finally, Commerce Bank acquired a new position in PAR Technology in the 1st quarter valued at $267,000.

PAR Technology Price Performance

Shares of PAR opened at $52.49 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.83 and a debt-to-equity ratio of 0.43. PAR Technology has a 1 year low of $46.24 and a 1 year high of $82.24. The stock has a market cap of $2.13 billion, a P/E ratio of -23.33 and a beta of 1.70. The stock’s 50-day moving average price is $64.11 and its two-hundred day moving average price is $63.40.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, August 8th. The software maker reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). PAR Technology had a negative return on equity of 3.16% and a negative net margin of 20.64%. The business had revenue of $112.40 million for the quarter, compared to analyst estimates of $111.02 million. During the same period in the prior year, the business earned ($0.23) EPS. The company’s revenue for the quarter was up 43.8% compared to the same quarter last year. On average, equities analysts predict that PAR Technology will post -1.47 earnings per share for the current year.

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.