PAR Technology (NYSE:PAR) Price Target Raised to $61.00

PAR Technology (NYSE:PARFree Report) had its target price upped by Benchmark from $59.00 to $61.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a buy rating on the software maker’s stock.

Other analysts also recently issued reports about the company. Sidoti raised PAR Technology from a neutral rating to a buy rating and set a $61.00 target price for the company in a report on Tuesday, March 12th. StockNews.com raised PAR Technology to a sell rating in a research note on Thursday, March 7th. Needham & Company LLC reissued a buy rating and set a $53.00 target price on shares of PAR Technology in a research note on Friday, May 10th. TheStreet raised PAR Technology from a d+ rating to a c- rating in a research note on Thursday, February 15th. Finally, William Blair reissued an outperform rating on shares of PAR Technology in a research note on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $52.75.

View Our Latest Report on PAR

PAR Technology Trading Up 3.5 %

PAR opened at $46.99 on Tuesday. PAR Technology has a 12 month low of $28.21 and a 12 month high of $50.00. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -18.28 and a beta of 2.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.07 and a quick ratio of 1.81. The business has a fifty day moving average price of $44.14 and a 200 day moving average price of $43.66.

PAR Technology (NYSE:PARGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($0.07). The business had revenue of $105.50 million for the quarter, compared to analyst estimates of $111.00 million. PAR Technology had a negative return on equity of 14.53% and a negative net margin of 17.14%. Sell-side analysts expect that PAR Technology will post -1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PAR Technology news, CFO Bryan A. Menar sold 803 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $43.79, for a total transaction of $35,163.37. Following the sale, the chief financial officer now owns 54,601 shares in the company, valued at approximately $2,390,977.79. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Capital Research Global Investors lifted its stake in shares of PAR Technology by 43.4% during the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock worth $155,670,000 after purchasing an additional 1,068,641 shares during the period. Vanguard Group Inc. raised its position in shares of PAR Technology by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 2,159,383 shares of the software maker’s stock worth $97,950,000 after buying an additional 50,793 shares during the period. Progeny 3 Inc. raised its position in shares of PAR Technology by 47.1% in the 1st quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker’s stock worth $54,026,000 after buying an additional 381,232 shares during the period. Newtyn Management LLC raised its position in PAR Technology by 9.2% in the third quarter. Newtyn Management LLC now owns 982,527 shares of the software maker’s stock valued at $37,867,000 after purchasing an additional 82,527 shares during the period. Finally, Bamco Inc. NY raised its position in PAR Technology by 1.0% in the first quarter. Bamco Inc. NY now owns 901,872 shares of the software maker’s stock valued at $40,909,000 after purchasing an additional 8,789 shares during the period.

About PAR Technology

(Get Free Report)

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.

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