Analysts Set PAR Technology Corporation (NYSE:PAR) Price Target at $26.17

PAR Technology Corporation (NYSE:PAR) has been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $26.1667.

PAR has been the subject of several recent analyst reports. Jefferies Financial Group set a $18.00 price objective on shares of PAR Technology in a report on Saturday, May 9th. The Goldman Sachs Group increased their price target on shares of PAR Technology from $18.00 to $20.50 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. UBS Group set a $16.00 price target on PAR Technology in a research note on Tuesday, June 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of PAR Technology in a report on Friday, July 10th. Finally, Royal Bank Of Canada set a $16.00 price objective on PAR Technology in a research note on Tuesday, June 9th.

PAR Technology Price Performance

PAR stock opened at $17.37 on Thursday. The stock’s 50 day moving average is $16.01 and its two-hundred day moving average is $17.69. PAR Technology has a 52-week low of $11.59 and a 52-week high of $61.23. The company has a market capitalization of $716.61 million, a PE ratio of -9.29 and a beta of 1.32. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.51.

PAR Technology (NYSE:PAR) last released its earnings results on Thursday, May 7th. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $123.97 million during the quarter, compared to analysts’ expectations of $116.88 million. PAR Technology had a negative return on equity of 2.57% and a negative net margin of 16.04%.The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. Analysts predict that PAR Technology will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Cathy A. King sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $15.38, for a total transaction of $307,600.00. Following the transaction, the insider directly owned 122,919 shares in the company, valued at $1,890,494.22. This trade represents a 13.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp acquired 156,249 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of $14.85 per share, with a total value of $2,320,297.65. Following the acquisition, the insider owned 5,125,000 shares of the company’s stock, valued at $76,106,250. This trade represents a 3.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 1,069,900 shares of company stock valued at $15,568,965 over the last quarter. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of PAR Technology by 8.0% during the 1st quarter. Royal Bank of Canada now owns 20,446 shares of the software maker’s stock valued at $1,255,000 after buying an additional 1,515 shares during the last quarter. AQR Capital Management LLC bought a new position in PAR Technology in the first quarter worth about $309,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in PAR Technology by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,012 shares of the software maker’s stock worth $1,228,000 after acquiring an additional 874 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in 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 acquiring an additional 5,594 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in PAR Technology by 28.5% in the first 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 Company Profile

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.