PAR Technology (NYSE:PAR) Given New $85.00 Price Target at Craig Hallum

PAR Technology (NYSE:PAR) had its target price hoisted by Craig Hallum from $65.00 to $85.00 in a research note issued to investors on Monday morning,Benzinga reports. Craig Hallum currently has a buy rating on the software maker’s stock.

PAR has been the topic of several other reports. StockNews.com upgraded PAR Technology to a “sell” rating in a research note on Thursday, November 7th. Stephens lifted their price objective on PAR Technology from $70.00 to $83.00 and gave the company an “overweight” rating in a report on Monday. The Goldman Sachs Group upped their target price on shares of PAR Technology from $52.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Needham & Company LLC lifted their price target on shares of PAR Technology from $66.00 to $90.00 and gave the company a “buy” rating in a report on Monday. Finally, Jefferies Financial Group raised shares of PAR Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $60.00 in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.38.

PAR Technology Price Performance

Shares of PAR stock opened at $73.00 on Monday. PAR Technology has a 12 month low of $34.87 and a 12 month high of $76.10. The company has a current ratio of 2.13, a quick ratio of 2.80 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average of $58.36 and a 200-day moving average of $51.64.

PAR Technology (NYSE:PAR) last released its earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.35) EPS. Research analysts predict that PAR Technology will post -1.67 EPS for the current year.

Hedge Funds Weigh In On PAR Technology

Several large investors have recently bought and sold shares of the business. Castleark Management LLC grew its holdings in PAR Technology by 59.7% during the 1st quarter. Castleark Management LLC now owns 79,360 shares of the software maker’s stock worth $3,600,000 after acquiring an additional 29,680 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in shares of PAR Technology during the second quarter worth $3,881,000. Capital Research Global Investors increased its holdings in PAR Technology by 43.4% in the first quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker’s stock valued at $155,670,000 after purchasing an additional 1,068,641 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in PAR Technology by 219.0% in the second quarter. Harbor Capital Advisors Inc. now owns 41,182 shares of the software maker’s stock valued at $1,939,000 after buying an additional 28,273 shares during the period. Finally, Resolute Capital Asset Partners LLC boosted its holdings in PAR Technology by 33.3% during the second quarter. Resolute Capital Asset Partners LLC now owns 60,000 shares of the software maker’s stock worth $2,825,000 after buying an additional 15,000 shares during the last quarter.

About PAR Technology

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.