PAR Technology (NYSE:PAR) Price Target Raised to $77.00

PAR Technology (NYSE:PAR) had its price objective upped by Lake Street Capital from $57.00 to $77.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other research firms have also recently weighed in on PAR. Benchmark reissued a “buy” rating and issued a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Thursday, November 7th. Craig Hallum upped their target price on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday. Stephens lifted their price target on shares of PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday. Finally, The Goldman Sachs Group boosted their price objective on shares of PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.38.

PAR Technology Price Performance

Shares of NYSE PAR opened at $74.27 on Monday. The company has a current ratio of 2.13, a quick ratio of 2.80 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -297.07 and a beta of 2.14. The company’s 50-day moving average price is $58.36 and its 200 day moving average price is $51.64. PAR Technology has a 52 week low of $34.63 and a 52 week high of $76.10.

PAR Technology (NYSE:PAR) last released its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. During the same period in the prior year, the business earned ($0.35) earnings per share. The company’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, research analysts forecast that PAR Technology will post -1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PAR Technology

Several institutional investors and hedge funds have recently bought and sold shares of PAR. BNP Paribas Financial Markets grew its stake in shares of PAR Technology by 87.6% during the 1st quarter. BNP Paribas Financial Markets now owns 13,367 shares of the software maker’s stock valued at $606,000 after buying an additional 6,242 shares during the period. Janney Montgomery Scott LLC purchased a new stake in PAR Technology during the first quarter valued at about $242,000. Swiss National Bank increased its stake in PAR Technology by 2.2% during the first quarter. Swiss National Bank now owns 55,300 shares of the software maker’s stock worth $2,508,000 after acquiring an additional 1,200 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of PAR Technology in the 1st quarter worth about $222,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of PAR Technology by 8.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker’s stock valued at $372,000 after purchasing an additional 610 shares in 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.