Analysts Set PAR Technology Co. (NYSE:PAR) Price Target at $48.57

PAR Technology Co. (NYSE:PARGet Free Report) has been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $49.88.

PAR has been the subject of a number of research reports. Benchmark raised shares of PAR Technology from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Wednesday. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, March 7th. TheStreet raised shares of PAR Technology from a “d+” rating to a “c-” rating in a research report on Thursday, February 15th. Sidoti raised shares of PAR Technology from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, March 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $53.00 price target on shares of PAR Technology in a research report on Friday, May 10th.

Get Our Latest Analysis on PAR Technology

Insider Buying and Selling at PAR Technology

In other news, CFO Bryan A. Menar sold 803 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $43.79, for a total transaction of $35,163.37. Following the sale, the chief financial officer now owns 54,601 shares of the company’s stock, valued at $2,390,977.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Douglas Gregory Rauch sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $42.04, for a total transaction of $189,180.00. Following the sale, the director now directly owns 14,365 shares in the company, valued at $603,904.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bryan A. Menar sold 803 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $43.79, for a total transaction of $35,163.37. Following the sale, the chief financial officer now owns 54,601 shares in the company, valued at $2,390,977.79. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of PAR Technology

A number of large investors have recently made changes to their positions in the company. Voss Capital LLC purchased a new position in PAR Technology in the fourth quarter valued at approximately $15,262,000. Jump Financial LLC acquired a new stake in PAR Technology in the fourth quarter valued at $570,000. Invesco Ltd. lifted its holdings in PAR Technology by 583.7% in the third quarter. Invesco Ltd. now owns 174,612 shares of the software maker’s stock valued at $6,730,000 after acquiring an additional 149,071 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in PAR Technology by 15.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,625 shares of the software maker’s stock valued at $985,000 after acquiring an additional 3,100 shares during the period. Finally, Reinhart Partners LLC. lifted its holdings in PAR Technology by 11.2% in the fourth quarter. Reinhart Partners LLC. now owns 857,880 shares of the software maker’s stock valued at $37,352,000 after acquiring an additional 86,322 shares during the period.

PAR Technology Price Performance

PAR Technology stock opened at $48.34 on Tuesday. PAR Technology has a 52-week low of $28.21 and a 52-week high of $50.00. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -18.81 and a beta of 2.00. The company has a fifty day simple moving average of $43.53 and a 200-day simple moving average of $42.74. The company has a quick ratio of 1.81, a current ratio of 2.07 and a debt-to-equity ratio of 0.72.

PAR Technology (NYSE:PARGet Free Report) last released its earnings results on Tuesday, February 27th. The software maker reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.05). PAR Technology had a negative return on equity of 14.53% and a negative net margin of 17.14%. The business had revenue of $107.71 million for the quarter, compared to analysts’ expectations of $106.12 million. On average, equities analysts anticipate that PAR Technology will post -1.2 EPS for the current fiscal year.

About PAR Technology

(Get Free Report

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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Analyst Recommendations for PAR Technology (NYSE:PAR)

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