As MarketBeat reports, analysts at Jefferies Financial Group upgraded PAR Technology (NYSE:PAR – Get Free Report ) from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage now sets a price target of $60 on the software maker's shares, up from a previous price target of $45. Jefferies Financial Group's price target indicates a potential upside of 18.13% from the company's previous closing price.
PAR has also been mentioned in several other reports. The Goldman Sachs Group increased their price target on PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Stevens raised shares of PAR Technology from an “equal weight” rating to an “overweight” rating and raised their price target on the stock from $46.00 to $60.00 in a research report on Thursday, June 13th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, August 1st. Benchmark reaffirmed a “buy” rating and a $69.00 price target on PAR Technology in a research report on Friday. Finally, Needham and Company LLC increased their price target on shares of PAR Technology from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock as a sell, one has rated it as a hold, and seven have rated it as a buy. According to MarketBeat data, the company currently has an average rating of a “moderate buy” with an average target price of $57.00.
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PAR Technology Stock Performance
NYSE:PAR opened trading at $50.79 on Monday. The stock's 50-day moving average price is $47.53 and its 200-day moving average price is $45.57. The stock has a market cap of $1.73 billion, a P/E ratio of -19.76 and a beta of 2.18. PAR Technology's 12-month low and high are $28.21 and $55.66, respectively. The company has a current ratio of 2.07, a quick ratio of 1.81 and a debt-to-equity ratio of 0.72.
PAR Technology (NYSE:PAR – Get free report ) last released its earnings results on Thursday, August 8th. The software maker announced quarterly EPS of ($0.23), which missed analysts' consensus estimates of ($0.18) by ($0.05). PAR Technology's ROE was negative 14.53%, while its net margin was negative 17.14%. The company's quarterly revenue was $78.20 million, compared to analysts' expectations of $115.14 million. Year-over-year earnings per share were ($0.65). PAR Technology's quarterly revenue grew 12.5% year-over-year. Equity research analysts expect PAR Technology to post EPS of -1.17 for the current fiscal year.
Hedge Funds Get Into PAR Technology
Institutional investors and hedge funds have recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new stake in PAR Technology in the second quarter valued at approximately $32,000. NBC Securities Inc. acquired a new stake in PAR Technology in the first quarter valued at $76,000. Central Pacific Bank Trust Division acquired a new stake in PAR Technology in the first quarter valued at $78,000. LRI Investments LLC acquired a new stake in PAR Technology in the first quarter valued at $99,000. Finally, RiverPark Advisors LLC acquired a new stake in PAR Technology in the second quarter valued at approximately $191,000.
About PAR Technology
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PAR Technology Corporation, along with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. In the Restaurant/Retail segment, the company offers PUNCHH, an enterprise-grade customer loyalty and engagement solution, MENU, an e-commerce platform for restaurant brands, BRINK POS, an open cloud POS solution, PAR PAYMENT SERVICES, a merchant services business enabling electronic payment and processing services for businesses, and DATA CENTRAL, a back-office solution powered by business intelligence and automation technologies.
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