PAR Technology (NYSE:PAR) Price Target Raised to $85.00 at Craig Hallum

PAR Technology (NYSE:PAR) had its target price lifted by Craig Hallum from $65.00 to $85.00 in a research report report published on Monday,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

A number of other research firms have also issued reports on PAR. Needham & Company LLC lifted their target price on PAR Technology from $66.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group upped their price target on PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Benchmark reiterated a “buy” rating and set a $69.00 price objective on shares of PAR Technology in a research report on Friday, August 9th. Stephens raised their target price on shares of PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday. Finally, StockNews.com upgraded shares of PAR Technology to a “sell” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.38.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $73.00 on Monday. The company has a 50 day moving average of $58.36 and a 200-day moving average of $51.64. The company has a quick ratio of 2.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology has a twelve month low of $34.87 and a twelve month high of $76.10.

PAR Technology (NYSE:PAR) last announced its earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.35) earnings per share. On average, research analysts expect that PAR Technology will post -1.67 earnings per share for the current year.

Institutional Trading of PAR Technology

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in shares of PAR Technology by 5.1% in the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after buying an additional 219 shares during the last quarter. Amalgamated Bank lifted its holdings in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares during the last quarter. Inspire Investing LLC grew its holdings in PAR Technology by 6.1% during the third quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock valued at $413,000 after purchasing an additional 454 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of PAR Technology by 8.0% in the first 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 during the period. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of PAR Technology during the 2nd quarter worth $32,000.

PAR Technology Company Profile

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.