Analysts Set PAR Technology Co. (NYSE:PAR) Price Target at $79.86

Shares of PAR Technology Co. (NYSE:PAR - Get Free Report) have received an average rating of "Moderate Buy" from the eight brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $79.86.

Several brokerages have issued reports on PAR. Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research report on Friday, February 28th. The Goldman Sachs Group increased their target price on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Stephens reaffirmed an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, Wall Street Zen raised PAR Technology to a "sell" rating in a research report on Monday, March 3rd.

PAR Technology Trading Down 2.3%

PAR traded down $1.50 during trading on Friday, hitting $64.06. 276,525 shares of the stock were exchanged, compared to its average volume of 435,424. The firm has a 50 day simple moving average of $60.89 and a 200 day simple moving average of $67.34. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -256.24 and a beta of 1.76. PAR Technology has a 1 year low of $41.86 and a 1 year high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13.

PAR Technology (NYSE:PAR - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The company had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology's quarterly revenue was up 48.2% on a year-over-year basis. During the same period last year, the business posted ($0.36) EPS. As a group, equities analysts expect that PAR Technology will post -1.47 EPS for the current year.

Insider Transactions at PAR Technology

In related news, Director Douglas Gregory Rauch sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total value of $69,980.00. Following the completion of the transaction, the director now owns 11,760 shares in the company, valued at $822,964.80. This trade represents a 7.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On PAR Technology

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAR. Barclays PLC raised its stake in PAR Technology by 431.3% in the 3rd quarter. Barclays PLC now owns 63,536 shares of the software maker's stock worth $3,310,000 after acquiring an additional 51,578 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in PAR Technology by 18.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,715 shares of the software maker's stock worth $779,000 after acquiring an additional 1,663 shares during the last quarter. KBC Group NV raised its stake in PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker's stock worth $125,000 after acquiring an additional 400 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in PAR Technology by 7.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after acquiring an additional 343 shares during the last quarter. Finally, Leo Wealth LLC purchased a new position in shares of PAR Technology during the 4th quarter valued at about $786,000.

About PAR Technology

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.