Brokerages Set PAR Technology Corporation (NYSE:PAR) PT at $79.86

Shares of PAR Technology Corporation (NYSE:PAR - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $79.86.

Several analysts have recently issued reports on the company. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, July 11th. The Goldman Sachs Group raised their target price on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, May 12th.

Insiders Place Their Bets

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 transaction of $69,980.00. Following the completion of the sale, the director directly owned 11,760 shares of the company's stock, valued at $822,964.80. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PAR Technology

Several hedge funds and other institutional investors have recently made changes to their positions in PAR. Raymond James Financial Inc. acquired a new stake in shares of PAR Technology in the 4th quarter valued at $2,067,000. Swiss National Bank increased its stake in shares of PAR Technology by 7.5% in the 4th quarter. Swiss National Bank now owns 71,300 shares of the software maker's stock valued at $5,181,000 after buying an additional 5,000 shares during the period. Corient Private Wealth LLC increased its stake in shares of PAR Technology by 12.8% in the 4th quarter. Corient Private Wealth LLC now owns 22,428 shares of the software maker's stock valued at $1,630,000 after buying an additional 2,548 shares during the period. Cibc World Markets Corp bought a new position in shares of PAR Technology in the 4th quarter worth $229,000. Finally, Signaturefd LLC boosted its position in shares of PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after purchasing an additional 279 shares during the last quarter.

PAR Technology Stock Down 0.6%

PAR stock traded down $0.44 during mid-day trading on Friday, hitting $69.39. The stock had a trading volume of 305,694 shares, compared to its average volume of 432,142. The company has a current ratio of 2.05, a quick ratio of 1.83 and a debt-to-equity ratio of 0.46. PAR Technology has a 1-year low of $43.50 and a 1-year high of $82.24. The company has a fifty day moving average of $66.93 and a 200 day moving average of $65.04. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -533.77 and a beta of 1.69.

PAR Technology (NYSE:PAR - Get Free Report) last issued its earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share 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 analyst estimates of $105.16 million. PAR Technology had a negative return on equity of 3.90% and a negative net margin of 2.88%. The business's revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.36) EPS. On average, equities analysts expect that PAR Technology will post -1.47 EPS for the current fiscal year.

PAR Technology Company Profile

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.