PAR Technology Corporation (NYSE:PAR) Receives $64.00 Consensus Target Price from Analysts

Shares of PAR Technology Corporation (NYSE:PAR) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $64.00.

Several brokerages have recently weighed in on PAR. BTIG Research reaffirmed a “buy” rating on shares of PAR Technology in a research note on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of PAR Technology in a research note on Monday, December 29th. William Blair reissued an “outperform” rating on shares of PAR Technology in a research report on Tuesday, October 14th. Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective on shares of PAR Technology in a report on Friday, January 9th. Finally, The Goldman Sachs Group dropped their target price on PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, October 13th.

Insider Buying and Selling at PAR Technology

In other PAR Technology news, major shareholder Voss Capital, Lp purchased 25,000 shares of PAR Technology stock in a transaction that occurred on Tuesday, January 6th. The stock was acquired at an average price of $34.56 per share, for a total transaction of $864,000.00. Following the completion of the acquisition, the insider owned 3,613,898 shares of the company’s stock, valued at approximately $124,896,314.88. This trade represents a 0.70% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bryan A. Menar sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $35.53, for a total value of $230,945.00. Following the completion of the sale, the chief financial officer owned 71,481 shares in the company, valued at $2,539,719.93. This represents a 8.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired 196,035 shares of company stock worth $7,103,730 over the last ninety days. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PAR. Royal Bank of Canada grew its position in shares of PAR Technology by 8.0% in the first quarter. Royal Bank of Canada now owns 20,446 shares of the software maker’s stock valued at $1,255,000 after purchasing an additional 1,515 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of PAR Technology during the 1st quarter worth $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of PAR Technology by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker’s stock valued at $1,228,000 after acquiring an additional 874 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of PAR Technology by 186,466.7% in the first quarter. Jones Financial Companies Lllp now owns 5,597 shares of the software maker’s stock valued at $343,000 after buying an additional 5,594 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in PAR Technology by 28.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 231,494 shares of the software maker’s stock valued at $14,200,000 after acquiring an additional 51,316 shares during the period.

PAR Technology Trading Down 3.5%

Shares of PAR traded down $1.36 during trading hours on Friday, reaching $37.06. The stock had a trading volume of 499,306 shares, compared to its average volume of 487,602. The firm has a 50-day moving average of $36.25 and a 200 day moving average of $44.86. The company has a quick ratio of 1.51, a current ratio of 1.70 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.50 billion, a P/E ratio of -17.32 and a beta of 1.35. PAR Technology has a 52 week low of $31.65 and a 52 week high of $75.75.

PAR Technology (NYSE:PAR) last released its quarterly earnings data on Thursday, November 6th. The software maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The business had revenue of $119.18 million for the quarter, compared to the consensus estimate of $112.23 million. PAR Technology had a negative net margin of 19.21% and a negative return on equity of 2.56%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) EPS. On average, sell-side analysts expect that PAR Technology will post -1.47 earnings per share for the current fiscal year.

About PAR Technology

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.