PAR Technology Corporation (NYSE:PAR) Stock Has Consensus Target Price of $24.61 According to Brokerages

Shares of PAR Technology Corporation (NYSE:PAR) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $24.61.

PAR has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on PAR Technology from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. The Goldman Sachs Group boosted their price target on shares of PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Weiss Ratings raised PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. BTIG Research decreased their price target on PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of PAR Technology in a research report on Monday, September 28th.

Insider Transactions at PAR Technology

In other news, Director Narinder Singh bought 11,518 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $17.36 per share, for a total transaction of $199,952.48. Following the completion of the transaction, the director owned 38,527 shares in the company, valued at $668,828.72. This trade represents a 42.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PAR. Bamco Inc. NY acquired a new position in PAR Technology in the 2nd quarter valued at $38,000. State of Wyoming bought a new stake in PAR Technology during the second quarter valued at $43,000. MidFirst Bank bought a new position in shares of PAR Technology during the fourth quarter valued at approximately $113,000. Versant Capital Management Inc boosted its stake in PAR Technology by 325.5% during the 2nd quarter. Versant Capital Management Inc now owns 5,110 shares of the software maker’s stock valued at $89,000 after purchasing an additional 3,909 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in PAR Technology in the 2nd quarter worth approximately $116,000.

PAR Technology Price Performance

Shares of NYSE PAR opened at $17.30 on Tuesday. PAR Technology has a 1-year low of $11.59 and a 1-year high of $40.54. The company has a market cap of $715.75 million, a price-to-earnings ratio of -9.83 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.21 and a quick ratio of 1.89. The stock’s 50-day moving average is $17.04 and its two-hundred day moving average is $15.82.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $133.41 million for the quarter, compared to analysts’ expectations of $124.66 million. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%. PAR Technology’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share. Analysts forecast that PAR Technology will post -0.13 EPS for the current fiscal year.

PAR Technology Company Profile

PAR Technology Corporation (NYSE:PAR) provides technology solutions for the restaurant and hospitality industries. Its platform is designed to help restaurant brands manage point-of-sale operations, payments, back-office workflows, guest engagement, loyalty programs and related data across corporate and franchised locations.

The company’s portfolio includes Brink, a cloud-based restaurant point-of-sale system; PAR Pay payment solutions; and guest engagement and loyalty capabilities associated with Punchh.