PAR Technology (NYSE:PAR) had its price target upped by BTIG Research from $43.00 to $50.00 in a research report report published on Monday, The Fly reports. They currently have a buy rating on the software maker’s stock. The analysts noted that the move was a valuation call.
PAR has been the topic of several other research reports. Roth Capital upgraded PAR Technology from a neutral rating to a buy rating and lifted their target price for the company from $20.00 to $36.00 in a research note on Thursday, June 18th. ValuEngine downgraded PAR Technology from a buy rating to a hold rating in a report on Thursday, July 2nd. Zacks Investment Research raised PAR Technology from a hold rating to a buy rating and set a $39.00 price target for the company in a report on Friday, August 14th. Finally, Craig Hallum lifted their target price on PAR Technology from $30.00 to $40.00 and gave the stock a buy rating in a report on Monday, June 22nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $38.50.
PAR opened at $42.06 on Monday. The business’s 50-day moving average is $36.41 and its two-hundred day moving average is $25.93. PAR Technology has a 1 year low of $9.64 and a 1 year high of $46.49. The company has a debt-to-equity ratio of 1.53, a current ratio of 3.41 and a quick ratio of 2.71. The firm has a market capitalization of $767.64 million, a PE ratio of -23.24 and a beta of 1.52.
PAR Technology (NYSE:PAR) last posted its earnings results on Friday, August 7th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.07. PAR Technology had a negative return on equity of 26.61% and a negative net margin of 15.91%. The company had revenue of $45.69 million for the quarter, compared to analyst estimates of $45.83 million. As a group, sell-side analysts expect that PAR Technology will post -0.88 EPS for the current year.
In related news, CFO Bryan A. Menar sold 5,500 shares of PAR Technology stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $29.75, for a total transaction of $163,625.00. Following the completion of the transaction, the chief financial officer now directly owns 11,719 shares in the company, valued at $348,640.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.60% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its position in shares of PAR Technology by 73.9% during the 1st quarter. SG Americas Securities LLC now owns 8,309 shares of the software maker’s stock valued at $107,000 after acquiring an additional 3,530 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of PAR Technology by 7.8% during the 1st quarter. Bank of New York Mellon Corp now owns 39,749 shares of the software maker’s stock valued at $511,000 after acquiring an additional 2,886 shares during the last quarter. Frontier Wealth Management LLC lifted its position in shares of PAR Technology by 117.0% during the 1st quarter. Frontier Wealth Management LLC now owns 212,946 shares of the software maker’s stock valued at $2,738,000 after acquiring an additional 114,836 shares during the last quarter. Citigroup Inc. lifted its position in shares of PAR Technology by 54.3% during the 1st quarter. Citigroup Inc. now owns 4,566 shares of the software maker’s stock valued at $59,000 after acquiring an additional 1,607 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of PAR Technology by 111.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,568 shares of the software maker’s stock valued at $46,000 after acquiring an additional 1,879 shares during the last quarter. Institutional investors own 89.46% of the company’s stock.
PAR Technology Company Profile
PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers point-of-sale (POS) technology solutions, including cloud-based, software-as-a-service Brink and on-premise POS PixelPoint solutions, and its POS hardware platforms, as well as installation, technical, and maintenance support services.
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