PAR Technology (NYSE:PAR) Price Target Raised to $19.00

PAR Technology (NYSE:PAR) had its target price lifted by JPMorgan Chase & Co. from $18.00 to $19.00 in a research note released on Friday,Benzinga reports. They currently have a neutral rating on the software maker’s stock.

Several other equities research analysts have also recently commented on the company. Weiss Ratings upgraded PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. The Goldman Sachs Group lifted their price objective on shares of PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Needham & Company LLC boosted their price objective on shares of PAR Technology from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. Finally, BTIG Research dropped their price objective on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.28.

PAR Technology Stock Down 0.5%

PAR opened at $20.46 on Friday. The business has a 50 day moving average price of $16.75 and a two-hundred day moving average price of $17.07. The company has a quick ratio of 1.89, a current ratio of 2.21 and a debt-to-equity ratio of 0.52. The company has a market cap of $846.06 million, a PE ratio of -13.37 and a beta of 1.32. PAR Technology has a 52 week low of $11.59 and a 52 week high of $40.54.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, November 5th. The software maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. PAR Technology had a negative return on equity of 0.69% and a negative net margin of 12.24%. The company had revenue of $137.11 million for the quarter, compared to the consensus estimate of $129.79 million. During the same period last year, the business posted $0.06 EPS. The company’s revenue was up 15.0% on a year-over-year basis. As a group, research analysts anticipate that PAR Technology will post -0.13 EPS for the current year.

Insider Transactions at PAR Technology

In other PAR Technology news, Director Narinder Singh bought 11,518 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the transaction, the director owned 38,527 shares of the company’s stock, valued at approximately $668,828.72. This trade represents a 42.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Institutional Trading of PAR Technology

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of PAR Technology in the 2nd quarter valued at about $70,563,000. Progeny 3 Inc. lifted its stake in shares of PAR Technology by 5.6% in the first quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock valued at $28,937,000 after purchasing an additional 114,500 shares during the period. Bandera Partners LLC acquired a new stake in shares of PAR Technology in the first quarter valued at about $9,331,000. Visionary Wealth Advisors purchased a new stake in PAR Technology during the second quarter worth about $6,844,000. Finally, Rice Hall James & Associates LLC purchased a new stake in PAR Technology during the second quarter worth about $6,601,000.

PAR Technology Company Profile

PAR Technology Corporation (NYSE:PAR) provides technology solutions for the restaurant and hospitality industries. Its offerings include point-of-sale systems, restaurant management software, digital ordering, loyalty and customer-engagement tools, payment solutions, workforce management, and related hardware and support services.

The company’s portfolio includes Brink POS, a cloud-based restaurant point-of-sale platform, and Punchh, a customer loyalty and engagement platform. PAR also provides tools designed to help restaurant operators manage digital channels, payments, data, and guest relationships through integrated technology solutions.

Founded in 1968, PAR Technology has expanded from its origins in restaurant and hospitality technology through organic development and acquisitions, including Punchh and Stuzo.