PAR Technology (NYSE:PAR) Given New $92.00 Price Target at Benchmark

PAR Technology (NYSE:PAR) had its price objective raised by Benchmark from $69.00 to $92.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the software maker’s stock.

Other equities analysts have also recently issued reports about the stock. Lake Street Capital boosted their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday. Craig Hallum boosted their price target on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday. Stephens lifted their price objective on PAR Technology from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Monday. Needham & Company LLC raised 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 PAR Technology to a “sell” rating in a report 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.38.

PAR Technology Price Performance

Shares of NYSE PAR opened at $73.00 on Tuesday. PAR Technology has a 52-week low of $34.87 and a 52-week high of $76.10. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 2.80. The business has a 50-day moving average price of $58.36 and a 200 day moving average price of $51.64.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $91.01 million. During the same period in the prior year, the business earned ($0.35) EPS. The firm’s revenue was down 9.6% compared to the same quarter last year. Equities analysts predict that PAR Technology will post -1.67 EPS for the current year.

Institutional Investors Weigh In On PAR Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new position in shares of PAR Technology in the second quarter worth $32,000. Amalgamated Bank lifted 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 in the last quarter. LRI Investments LLC purchased a new stake in shares of PAR Technology during the first quarter worth about $99,000. nVerses Capital LLC acquired a new position in shares of PAR Technology in the third quarter valued at approximately $125,000. Finally, RiverPark Advisors LLC purchased a new position in shares of PAR Technology during the second 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.