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

Shares of PAR Technology Corporation (NYSE:PAR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $79.86.

PAR has been the topic of several recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a report 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.

Insider Buying and Selling

In related news, Director Douglas Gregory Rauch sold 1,000 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 11,760 shares in the company, valued at $822,964.80. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

Institutional Trading of PAR Technology

A number of hedge funds have recently bought and sold shares of PAR. Farther Finance Advisors LLC boosted its holdings in PAR Technology by 8,631.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,397 shares of the software maker's stock valued at $86,000 after acquiring an additional 1,381 shares during the period. Ameriprise Financial Inc. bought a new position in PAR Technology during the 4th quarter valued at approximately $350,000. Deutsche Bank AG raised its position in PAR Technology by 97.2% during the 4th quarter. Deutsche Bank AG now owns 38,863 shares of the software maker's stock valued at $2,824,000 after purchasing an additional 19,159 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of PAR Technology by 232.4% during the first quarter. GAMMA Investing LLC now owns 698 shares of the software maker's stock valued at $43,000 after buying an additional 488 shares during the period. Finally, LPL Financial LLC increased its stake in shares of PAR Technology by 201.4% during the fourth quarter. LPL Financial LLC now owns 88,991 shares of the software maker's stock valued at $6,467,000 after buying an additional 59,469 shares during the period.

PAR Technology Price Performance

Shares of PAR stock traded up $0.72 on Friday, reaching $71.23. The company had a trading volume of 347,175 shares, compared to its average volume of 431,719. PAR Technology has a one year low of $43.50 and a one year high of $82.24. The business's 50-day moving average is $67.06 and its 200 day moving average is $65.05. The company has a quick ratio of 1.83, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $2.88 billion, a PE ratio of -547.88 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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04. PAR Technology had a negative return on equity of 3.90% and a negative net margin of 2.88%. The business had revenue of $103.86 million during the quarter, compared to analysts' expectations of $105.16 million. During the same quarter in the prior year, the firm earned ($0.36) EPS. The business's revenue for the quarter was up 48.2% compared to the same quarter last year. Equities research analysts forecast that PAR Technology will post -1.47 EPS for the current fiscal year.

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.