StockNews.com upgraded shares of PAR Technology (NYSE:PAR – Free Report) to a sell rating in a research report report published on Thursday.
Several other research analysts also recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of PAR Technology from $52.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Benchmark reissued a “buy” rating and set a $69.00 price target on shares of PAR Technology in a research note on Friday, August 9th. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. Stephens lifted their price target on shares of PAR Technology from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC raised their target price on shares of PAR Technology from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.17.
PAR Technology Price Performance
PAR Technology (NYSE:PAR – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The business had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the business posted ($0.65) earnings per share. As a group, sell-side analysts anticipate that PAR Technology will post -1.67 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in PAR. Capital Research Global Investors boosted its holdings 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 acquiring an additional 1,068,641 shares in the last quarter. Progeny 3 Inc. boosted its holdings in PAR Technology by 47.1% in the first quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock valued at $54,026,000 after acquiring an additional 381,232 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in PAR Technology in the third quarter valued at $14,398,000. Magnolia Capital Advisors LLC bought a new stake in PAR Technology in the second quarter valued at $3,881,000. Finally, Renaissance Technologies LLC boosted its holdings in PAR Technology by 252.0% in the second quarter. Renaissance Technologies LLC now owns 105,600 shares of the software maker’s stock valued at $4,973,000 after acquiring an additional 75,600 shares in the last quarter.
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.
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