Brokerages Set PAR Technology Corporation (NYSE:PAR) Price Target at $24.61

Shares of PAR Technology Corporation (NYSE:PAR) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.6111.

Several analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of PAR Technology from $18.00 to $20.50 and gave the company a “neutral” rating in a research note on Thursday, July 9th. UBS Group set a $16.00 target price on shares of PAR Technology in a research report on Tuesday, June 9th. Weiss Ratings raised shares of PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. Royal Bank Of Canada set a $16.00 price target on shares of PAR Technology in a research report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. boosted their price target on PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th.

Insiders Place Their Bets

In other news, Director Narinder Singh acquired 11,518 shares of PAR Technology stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $17.36 per share, with a total value of $199,952.48. Following the completion of the acquisition, the director owned 38,527 shares in the company, valued at $668,828.72. This trade represents a 42.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is owned by insiders.

Institutional Trading of PAR Technology

Several large investors have recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new stake in shares of PAR Technology in the 2nd quarter worth about $526,000. Integrated Wealth Concepts LLC purchased a new position in PAR Technology during the 2nd quarter valued at about $116,000. Squarepoint Ops LLC purchased a new position in PAR Technology during the 2nd quarter valued at about $183,000. Two Sigma Securities LLC purchased a new position in PAR Technology during the 2nd quarter valued at about $189,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in PAR Technology by 28.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,299 shares of the software maker’s stock worth $1,521,000 after acquiring an additional 19,320 shares during the last quarter.

PAR Technology Trading Down 0.3%

Shares of PAR stock opened at $15.13 on Friday. The business’s fifty day moving average price is $17.63 and its 200 day moving average price is $15.88. The firm has a market capitalization of $625.74 million, a PE ratio of -8.60 and a beta of 1.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89. PAR Technology has a 1-year low of $11.59 and a 1-year high of $42.86.

PAR Technology (NYSE:PAR) last released its earnings results on Thursday, August 6th. The software maker reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $133.41 million during the quarter, compared to the consensus estimate of $124.66 million. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%.PAR Technology’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. As a group, sell-side analysts forecast that PAR Technology will post -0.13 EPS for the current fiscal year.

PAR Technology Company Profile

PAR Technology Corporation provides technology solutions for restaurants and other foodservice businesses. Its products are designed to support front-of-house and back-of-house operations, including point-of-sale transactions, payment processing, customer engagement, loyalty programs, workforce management, inventory management and restaurant analytics.

The company’s platform includes Brink POS, a cloud-based point-of-sale system for restaurant operators, as well as PAR Pay payment solutions and customer engagement technology associated with Punchh.