PAR Technology Corporation (NYSE:PAR) Stock Has Consensus Target Price of $25.17 According to Analysts

PAR Technology Corporation (NYSE:PAR) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $25.28.

Several equities analysts recently issued reports on PAR shares. Weiss Ratings raised PAR Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. lifted their target price on PAR Technology from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday. Needham & Company LLC boosted their price target on shares of PAR Technology from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday. Finally, BTIG Research cut their price target on shares of PAR Technology from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, August 7th.

PAR Technology Trading Up 5.6%

PAR Technology stock opened at $21.70 on Friday. PAR Technology has a fifty-two week low of $11.59 and a fifty-two week high of $40.54. The company has a current ratio of 2.21, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average price of $16.80 and a 200 day moving average price of $17.01.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, November 5th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. PAR Technology had a negative return on equity of 1.62% and a negative net margin of 14.52%. The company had revenue of $137.11 million for the quarter, compared to analyst estimates of $129.79 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. Analysts forecast that PAR Technology will post -0.13 EPS for the current fiscal year.

Insider Buying and Selling at PAR Technology

In other PAR Technology news, Director Narinder Singh acquired 11,518 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of $17.36 per share, for a total transaction of $199,952.48. Following the completion of the acquisition, the director owned 38,527 shares of the company’s stock, valued at approximately $668,828.72. This trade represents a 42.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.30% of the company’s stock.

Institutional Trading of PAR Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of PAR Technology during the 2nd quarter worth about $70,563,000. Progeny 3 Inc. lifted its stake in PAR Technology by 5.6% in the first quarter. Progeny 3 Inc. now owns 2,170,808 shares of the software maker’s stock valued at $28,937,000 after buying an additional 114,500 shares during the last quarter. Bandera Partners LLC purchased a new stake in PAR Technology in the first quarter valued at approximately $9,331,000. Royce & Associates LP acquired a new stake in shares of PAR Technology in the third quarter valued at approximately $6,553,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of PAR Technology in the first quarter valued at approximately $5,508,000.

About PAR Technology

PAR Technology Corporation (NYSE:PAR) provides technology solutions for the restaurant and hospitality industries. Its offerings include point-of-sale systems, restaurant management software, digital ordering, loyalty and customer-engagement tools, payment solutions, workforce management, and related hardware and support services.

The company’s portfolio includes Brink POS, a cloud-based restaurant point-of-sale platform, and Punchh, a customer loyalty and engagement platform. PAR also provides tools designed to help restaurant operators manage digital channels, payments, data, and guest relationships through integrated technology solutions.

Founded in 1968, PAR Technology has expanded from its origins in restaurant and hospitality technology through organic development and acquisitions, including Punchh and Stuzo.