PAR Technology (NYSE:PAR) Given New $85.00 Price Target at Craig Hallum

PAR Technology (NYSE:PAR) had its price target boosted by Craig Hallum from $65.00 to $85.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other research analysts have also recently issued reports on the company. The Goldman Sachs Group boosted their target price on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Needham & Company LLC boosted their target price on PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. Stephens boosted their target price on PAR Technology from $70.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $60.00 in a research note on Monday, August 12th. Finally, StockNews.com raised PAR Technology to a “sell” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to MarketBeat, PAR Technology currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

PAR Technology Stock Up 1.2 %

Shares of PAR Technology stock opened at $75.15 on Monday. The company has a quick ratio of 2.80, a current ratio of 3.12 and a debt-to-equity ratio of 0.64. PAR Technology has a 12 month low of $33.13 and a 12 month high of $75.38. The business has a fifty day simple moving average of $57.04 and a 200 day simple moving average of $51.02. The stock has a market cap of $2.73 billion, a PE ratio of -300.60 and a beta of 2.14.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The business had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $91.01 million. During the same period in the previous year, the firm earned ($0.35) earnings per share. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. Research analysts predict that PAR Technology will post -1.67 EPS for the current year.

Institutional Trading of PAR Technology

Several institutional investors and hedge funds have recently bought and sold shares of PAR. Capital Research Global Investors raised its stake in PAR Technology by 43.4% in the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock valued at $155,670,000 after buying an additional 1,068,641 shares during the period. Vanguard Group Inc. raised its stake in PAR Technology by 2.4% in the first quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock valued at $97,950,000 after buying an additional 50,793 shares during the period. Progeny 3 Inc. raised its stake in PAR Technology by 10.9% in the second quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker’s stock valued at $62,199,000 after buying an additional 129,810 shares during the period. Royce & Associates LP raised its stake in PAR Technology by 2.6% in the third quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker’s stock valued at $61,677,000 after buying an additional 30,000 shares during the period. Finally, Reinhart Partners LLC. grew its position in shares of PAR Technology by 6.4% in the third quarter. Reinhart Partners LLC. now owns 946,773 shares of the software maker’s stock valued at $49,308,000 after purchasing an additional 57,049 shares during the last quarter.

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.