PAR Technology (NYSE:PAR – Get Free Report) was upgraded by research analysts at StockNews.com to a “sell” rating in a note issued to investors on Friday.
PAR has been the subject of several other research reports. Jefferies Financial Group upgraded shares of PAR Technology from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. Needham & Company LLC raised their price objective on shares of PAR Technology from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Benchmark reaffirmed a “buy” rating and issued a $69.00 target price on shares of PAR Technology in a report on Friday, August 9th. Stephens upgraded shares of PAR Technology from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $46.00 to $60.00 in a research report on Thursday, June 13th. Finally, The Goldman Sachs Group lifted their price objective on PAR Technology from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.
View Our Latest Stock Report on PAR Technology
PAR Technology Stock Performance
PAR Technology (NYSE:PAR – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.05). PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The firm had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $115.14 million. During the same period in the previous year, the business posted ($0.65) EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, analysts forecast that PAR Technology will post -1.16 EPS for the current year.
Institutional Investors Weigh In On PAR Technology
Several large investors have recently made changes to their positions in the business. Amalgamated Bank raised its position in shares of PAR Technology by 25.5% during the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after purchasing an additional 237 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in PAR Technology by 8.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,908 shares of the software maker’s stock valued at $257,000 after buying an additional 468 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of PAR Technology by 8.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 8,212 shares of the software maker’s stock valued at $372,000 after acquiring an additional 610 shares during the period. Arcadia Investment Management Corp MI acquired a new position in PAR Technology during the 2nd quarter valued at about $32,000. Finally, Price T Rowe Associates Inc. MD grew its position in PAR Technology by 14.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,655 shares of the software maker’s stock worth $348,000 after purchasing an additional 954 shares during the last quarter.
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.
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