PAR Technology (NYSE:PAR – Get Free Report) had its price objective lifted by investment analysts at The Goldman Sachs Group from $45.00 to $51.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. The Goldman Sachs Group’s price target points to a potential downside of 7.69% from the company’s previous close.
A number of other research analysts have also recently issued reports on PAR. Stephens raised shares of PAR Technology from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $46.00 to $60.00 in a research report on Thursday, June 13th. Needham & Company LLC lifted their price target on shares of PAR Technology from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, Benchmark lifted their price target on shares of PAR Technology from $59.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.75.
Read Our Latest Analysis on PAR
PAR Technology Trading Up 1.9 %
PAR Technology (NYSE:PAR – Get Free Report) last posted its earnings results on Thursday, May 9th. The software maker reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.07). PAR Technology had a negative return on equity of 14.53% and a negative net margin of 17.14%. The company had revenue of $105.50 million during the quarter, compared to analysts’ expectations of $111.00 million. Equities analysts predict that PAR Technology will post -1.17 EPS for the current year.
Institutional Trading of PAR Technology
A number of large investors have recently made changes to their positions in PAR. NBC Securities Inc. bought a new stake in shares of PAR Technology in the first quarter worth approximately $76,000. Central Pacific Bank Trust Division bought a new stake in shares of PAR Technology in the first quarter worth approximately $78,000. LRI Investments LLC bought a new stake in shares of PAR Technology in the first quarter worth approximately $99,000. ProShare Advisors LLC bought a new stake in shares of PAR Technology in the first quarter worth approximately $222,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of PAR Technology in the first quarter worth approximately $242,000.
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.
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