PAR Technology (NYSE:PAR) Stock Gets Price Target Bump from JPMorgan Chase & Co.

PAR Technology (NYSE:PAR) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $18.00 to $19.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 7.12% from the stock’s previous close.

A number of other research firms have also issued reports on PAR. Needham & Company LLC boosted their target price on shares of PAR Technology from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group boosted their price objective on PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. BTIG Research cut their target price on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded shares of PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PAR Technology presently has an average rating of “Moderate Buy” and a consensus target price of $25.28.

PAR Technology Stock Down 0.5%

NYSE:PAR opened at $20.46 on Friday. The stock has a 50-day simple moving average of $16.75 and a 200 day simple moving average of $17.07. PAR Technology has a one year low of $11.59 and a one year high of $40.54. The company has a market capitalization of $846.06 million, a price-to-earnings ratio of -13.37 and a beta of 1.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 2.21.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Thursday, November 5th. The software maker reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. PAR Technology had a negative return on equity of 0.69% and a negative net margin of 12.24%. The business had revenue of $137.11 million during the quarter, compared to the consensus estimate of $129.79 million. During the same period in the previous year, the business earned $0.06 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Sell-side analysts predict that PAR Technology will post -0.13 EPS for the current fiscal year.

Insider Transactions at PAR Technology

In other PAR Technology news, Director Narinder Singh purchased 11,518 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $17.36 per share, with a total value of $199,952.48. Following the transaction, the director directly owned 38,527 shares in the company, valued at approximately $668,828.72. This represents a 42.65% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On PAR Technology

Hedge funds have recently made changes to their positions in the stock. Fulcrum Asset Management LLP increased its stake in PAR Technology by 14,008.7% in the third quarter. Fulcrum Asset Management LLP now owns 6,490 shares of the software maker’s stock valued at $88,000 after acquiring an additional 6,444 shares during the period. CenterBook Partners LP boosted its holdings in shares of PAR Technology by 41.0% in the 3rd quarter. CenterBook Partners LP now owns 33,105 shares of the software maker’s stock worth $456,000 after acquiring an additional 9,628 shares in the last quarter. Inspire Investing LLC grew its position in PAR Technology by 18.8% during the 3rd quarter. Inspire Investing LLC now owns 46,099 shares of the software maker’s stock worth $634,000 after acquiring an additional 7,309 shares during the last quarter. Penbrook Management LLC grew its holdings in shares of PAR Technology by 18.5% during the third quarter. Penbrook Management LLC now owns 63,700 shares of the software maker’s stock worth $877,000 after purchasing an additional 9,940 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in PAR Technology in the 3rd quarter valued at about $933,000.

PAR Technology Company Profile

PAR Technology Corporation (NYSE:PAR) provides technology solutions for the restaurant and hospitality industries. Its offerings include point-of-sale systems, restaurant management software, digital ordering, loyalty and customer-engagement tools, payment solutions, workforce management, and related hardware and support services.

The company’s portfolio includes Brink POS, a cloud-based restaurant point-of-sale platform, and Punchh, a customer loyalty and engagement platform. PAR also provides tools designed to help restaurant operators manage digital channels, payments, data, and guest relationships through integrated technology solutions.

Founded in 1968, PAR Technology has expanded from its origins in restaurant and hospitality technology through organic development and acquisitions, including Punchh and Stuzo.