Benzinga reports that Benchmark reiterated a Buy rating on shares of PAR Technology (NYSE:PAR – FREE REPORT ) in a research report sent to investors on Friday. The firm currently has a $69.00 target price on the software maker's shares.
Other equity research analysts have also commented on PAR. StockNews.com upgraded PAR Technology to a sell rating in a research report on Thursday, August 1st. Stephens upgraded shares of PAR Technology from an equal weight rating to an overweight rating and raised their price objective on the stock from $46.00 to $60.00 in a report on Thursday, June 13th. Needham & Company LLC raised their price objective on PAR Technology from $57.00 to $60.00 and gave the company a buy rating in a research note on Friday. Finally, The Goldman Sachs Group raised their price objective on PAR Technology from $45.00 to $51.00 and gave the stock a neutral rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating. According to MarketBeat.com, PAR Technology has an average rating of “Moderate Buy” and an average target price of $57.00.
Read the latest research report on PAR
PAR Technology trades up 5.4%
Shares of PAR Technology opened trading at $53.51 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.81 and a current ratio of 2.07. PAR Technology's one year low and high are $28.21 and $55.66, respectively. The company's 50-day moving average is $47.53 and 200-day moving average is $45.57. The company has a market cap of $1.82 billion, a P/E ratio of -19.76 and a beta of 2.18.
PAR Technology (NYSE:PAR – Get free report ) last released its earnings results on Thursday, August 8th. The software maker reported quarterly EPS of ($0.23), missing analysts' consensus estimates of ($0.18) by ($0.05). The company's revenue for the quarter was $78.20 million, missing analysts' estimates of $115.14 million. PAR Technology had a net margin of -17.14% and a return on equity of -14.53%. The company's revenue grew 12.5% year-over-year. During the same period last year, the company's earnings per share were ($0.65). On average, equities analysts expect PAR Technology to post EPS of -1.17 for the current fiscal year.
Institutional investor inflows and outflows
Institutional investors and hedge funds recently modified their holdings of this stock. Voss Capital LLC purchased a new holding in PAR Technology in the fourth quarter worth $15,262,000. Vanguard Group Inc. increased its holdings in PAR Technology by 9.0% in the fourth quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker's stock valued at $91,808,000 after purchasing an additional 173,575 shares in the last quarter. Castleark Management LLC increased its holdings in PAR Technology by 59.7% in the first quarter. Castleark Management LLC now owns 79,360 shares of the software maker's stock valued at $3,600,000 after acquiring an additional 29,680 shares in the period. Hodges Capital Management Inc. purchased a new holding in PAR Technology in the first quarter worth approximately $4,354,000. Finally, Wasatch Advisors LP acquired a new stake in PAR Technology in the first quarter valued at approximately $10,194,000.
About PAR Technology
(Get your free report)
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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