PAR Technology (NYSE:PAR) Price Target Raised to $85.00 at Craig Hallum

PAR Technology (NYSE:PAR) had its target price boosted by Craig Hallum from $65.00 to $85.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.

PAR has been the subject of several other research reports. The Goldman Sachs Group raised their target price on shares of PAR Technology from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Jefferies Financial Group raised PAR Technology from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $60.00 in a report on Monday, August 12th. Stephens raised their target price on PAR Technology from $70.00 to $83.00 and gave the stock an “overweight” rating in a report on Monday. Needham & Company LLC boosted their price target on PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a report on Monday. Finally, StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.38.

PAR Technology Stock Performance

Shares of PAR opened at $74.27 on Monday. The stock has a 50-day moving average of $58.36 and a two-hundred day moving average of $51.64. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.80 and a current ratio of 2.13. The stock has a market cap of $2.70 billion, a P/E ratio of -297.07 and a beta of 2.14. PAR Technology has a one year low of $34.63 and a one year high of $76.10.

PAR Technology (NYSE:PAR) last issued its earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. During the same quarter in the prior year, the firm earned ($0.35) earnings per share. PAR Technology’s revenue for the quarter was down 9.6% on a year-over-year basis. As a group, research analysts predict that PAR Technology will post -1.67 EPS for the current year.

Institutional Trading of PAR Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new stake in shares of PAR Technology in the second quarter valued at about $32,000. Amalgamated Bank boosted its holdings in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after purchasing an additional 237 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of PAR Technology in the 1st quarter valued at approximately $99,000. nVerses Capital LLC acquired a new stake in shares of PAR Technology during the 3rd quarter worth approximately $125,000. Finally, RiverPark Advisors LLC purchased a new stake in shares of PAR Technology during the 2nd quarter valued at approximately $191,000.

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.