PAR Technology Corporation (NYSE:PAR) Stock Has Consensus Target Price of $24.61

Key Points

• PAR Technology has a “Moderate Buy” consensus rating from eight analysts, with five buys, two holds and one sell. The average 12-month price target is $24.61, well above the reported share price of $15.83.
• The company reported quarterly revenue of $133.41 million, up 18.7% year over year, and earnings per share of $0.18, exceeding analysts’ estimate of $0.12. However, PAR remained unprofitable, with a negative net margin of 14.52%.
• Investor interest includes a director’s purchase of 11,518 shares and new or expanded positions from institutional investors such as BlackRock, Progeny 3 and Bandera Partners.

PAR Technology Corporation (NYSE:PAR - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $24.61.

PAR has been the topic of a number of analyst reports. BTIG Research reduced their target price on shares of PAR Technology from $45.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Weiss Ratings raised shares of PAR Technology from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, August 27th. Needham & Company LLC restated a "buy" rating and set a $25.00 price target on shares of PAR Technology in a report on Monday, September 28th. 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 report on Thursday, July 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of PAR Technology from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th.

Insider Transactions at PAR Technology

In other PAR Technology news, Director Narinder Singh bought 11,518 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the completion of the purchase, the director owned 38,527 shares of the company's stock, valued at approximately $668,828.72. This represents a 42.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PAR. BlackRock Inc. acquired a new stake in shares of PAR Technology during the 2nd quarter worth about $70,563,000. Progeny 3 Inc. raised its position in shares of PAR Technology by 5.6% in the first quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker's stock valued at $28,937,000 after buying an additional 114,500 shares during the last quarter. Bandera Partners LLC acquired a new position in shares of PAR Technology in the first quarter valued at approximately $9,331,000. AYAL Capital Advisors Ltd raised its position in shares of PAR Technology by 70.8% in the fourth quarter. AYAL Capital Advisors Ltd now owns 205,000 shares of the software maker's stock valued at $7,437,000 after buying an additional 85,000 shares during the last quarter. Finally, Visionary Wealth Advisors purchased a new position in shares of PAR Technology during the second quarter valued at approximately $6,844,000.

PAR Technology Trading Up 2.0%

Shares of NYSE:PAR opened at $15.83 on Tuesday. PAR Technology has a 1 year low of $11.59 and a 1 year high of $40.54. The firm has a market capitalization of $654.65 million, a price-to-earnings ratio of -8.99 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89. The business's 50 day moving average price is $17.09 and its 200-day moving average price is $15.75.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. PAR Technology had a negative net margin of 14.52% and a negative return on equity of 1.62%. The firm had revenue of $133.41 million for the quarter, compared to analyst estimates of $124.66 million. During the same period last year, the company posted $0.03 EPS. PAR Technology's quarterly revenue was up 18.7% compared to the same quarter last year. On average, equities research analysts forecast that PAR Technology will post -0.13 earnings per share for the current fiscal year.

About PAR Technology

PAR Technology Corporation NYSE: PAR provides technology solutions for the restaurant and hospitality industries. Its platform is designed to help restaurant brands manage point-of-sale operations, payments, back-office workflows, guest engagement, loyalty programs and related data across corporate and franchised locations.

The company's portfolio includes Brink, a cloud-based restaurant point-of-sale system; PAR Pay payment solutions; and guest engagement and loyalty capabilities associated with Punchh.

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