PAR Technology (NYSE:PAR – Free Report) had its target price raised by Needham & Company LLC from $66.00 to $90.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.
A number of other brokerages have also recently commented on PAR. Stephens increased their target price on shares of PAR Technology from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, November 7th. Benchmark reissued a “buy” rating and issued a $69.00 price objective on shares of PAR Technology in a report on Friday, August 9th. Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and upped their price objective for the company from $45.00 to $60.00 in a report on Monday, August 12th. Finally, The Goldman Sachs Group upped their price objective on shares of PAR Technology from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.00.
Get Our Latest Research Report on PAR
PAR Technology Stock Performance
PAR Technology (NYSE:PAR – Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The company had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.35) earnings per share. On average, research analysts predict that PAR Technology will post -1.67 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arcadia Investment Management Corp MI acquired a new stake in PAR Technology in the second quarter valued at approximately $32,000. Amalgamated Bank raised its holdings in PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after acquiring an additional 237 shares in the last quarter. LRI Investments LLC acquired a new stake in PAR Technology in the first quarter valued at approximately $99,000. nVerses Capital LLC acquired a new stake in PAR Technology in the third quarter valued at approximately $125,000. Finally, RiverPark Advisors LLC acquired a new stake in PAR Technology in 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.
Recommended Stories
- Five stocks we like better than PAR Technology
- Financial Services Stocks Investing
- Generac: 5 Reasons to Buy This Stock Before Year’s End
- What is Insider Trading? What You Can Learn from Insider Trading
- Top 2 CRM Stocks Positioned to Surge Higher With AI in 2025
- Top Stocks Investing in 5G Technology
- Oil’s Ready to Rally: 3 Stocks to Buy as the Energy Sector Heats
Receive News & Ratings for PAR Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PAR Technology and related companies with MarketBeat.com's FREE daily email newsletter.