The Goldman Sachs Group Issues Positive Forecast for PAR Technology (NYSE:PAR) Stock Price

PAR Technology (NYSE:PAR - Free Report) had its price target increased by The Goldman Sachs Group from $57.00 to $65.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the software maker's stock.

Other equities research analysts have also issued research reports about the company. Benchmark reiterated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reiterated an "overweight" rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, February 28th. StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Craig Hallum restated a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Finally, Citigroup restated a "neutral" rating on shares of PAR Technology in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, PAR Technology currently has an average rating of "Moderate Buy" and a consensus target price of $79.86.

PAR Technology Trading Up 0.4%

Shares of PAR traded up $0.27 during mid-day trading on Monday, hitting $69.75. The company had a trading volume of 307,660 shares, compared to its average volume of 437,689. The stock has a market cap of $2.82 billion, a PE ratio of -278.97 and a beta of 1.76. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The business's 50-day simple moving average is $59.82 and its 200-day simple moving average is $67.44. PAR Technology has a 1-year low of $41.86 and a 1-year high of $82.24.

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 analysts' consensus estimates of ($0.05) by $0.04. The business had revenue of $103.86 million during 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%. The business's revenue for the quarter was up 48.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.36) EPS. Sell-side analysts forecast that PAR Technology will post -1.47 earnings per share for the current year.

Institutional Investors Weigh In On PAR Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAR. Aster Capital Management DIFC Ltd bought a new stake in PAR Technology during the fourth quarter worth approximately $28,000. Mountain Hill Investment Partners Corp. bought a new position in shares of PAR Technology in the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew its position in PAR Technology by 8,616.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the software maker's stock worth $32,000 after purchasing an additional 517 shares in the last quarter. Versant Capital Management Inc grew its position in PAR Technology by 996.6% during the 1st quarter. Versant Capital Management Inc now owns 647 shares of the software maker's stock worth $40,000 after purchasing an additional 588 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in PAR Technology during the 1st quarter worth approximately $40,000.

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.