According to Benzinga, investment analysts from Goldman Sachs Group lowered their price objective for PAR Technology (NYSE: PAR) in a research report released on Monday. The new price objective is $27.00, which decreases from $31.00. At this juncture, the company’s assessment of the software company’s shares has been revised to reflect a “neutral” rating. Compared to the previous price at which trading was completed, the price target established by Goldman Sachs Group projects a potential increase of 0.26%.
The PAR has been approached in various ways throughout other research publications. Needham & Company LLC altered its recommendation on PAR Technology from “buy” to “hold” in a report made public on Thursday, November 10th. They also reduced their price objective for the stock from $53.00 to $49.00. In a report distributed on November 9th, BTIG Research lowered their “buy” rating and price goal for PAR Technology, which had previously been set at $60.00, to $46,000. The report’s subject matter was the stock of the company. Craig Hallum stated in a report released on November 15th that their price objective for PAR Technology had been reduced to $35.00 after it was published. After a significant amount of time had passed, StockNews.com finally started reporting on PAR Technology on October 12th. They recommended “selling” the stock to prospective investors. A recommendation to buy the stock was provided by three of the research analysts; a recommendation to hold the stock was provided by two of the research analysts; and a recommendation to sell the stock was provided by one of the experts. According to the data made available by Bloomberg, the overall market consensus regarding the company is “hold,” and its average price target is $35.60.
During the lunchtime session on Monday, the price of a share of PAR decreased by $0.93, bringing it to a new price of $26.93. The number of shares traded by the company was 3,184, significantly less than the daily volume of 270,150 shares. A debt-to-equity ratio comes in at 1.01; a quick ratio comes in at 2.94; a current ratio comes in at 3.55; and a quick ratio comes in at 3.55. The company currently has a price-to-earnings ratio of -8.83, a beta value of 1.69, and a market value of $734.92 million. The 50-day simple moving average for the firm is $24.55, and the 200-day simple moving average for the company is $31.56. Over the past 52 weeks, the price of a share of PAR Technology has ranged from $20.37 to $50.59, with a price of $20.37 representing an all-time low.
On November 9th, the most recent earnings report for PAR Technology, which is traded on the NYSE under the symbol “PAR,” was made available to the public. The software company’s quarterly profits per share came in at $0.57, which was $0.04 less than the consensus prediction of $0.53 from market experts. This was the company’s best quarter ever. The return on equity for PAR Technology, which came in at a negative 15.29%, and the net margin for the company, which came in at a negative 23.98%, were in the red. Despite predictions made by analysts that the company would only bring in $83.81 million in revenue during the quarter, the company ended up bringing in $92.77 million in revenue. The projections of those well-versed in the business world indicate that PAR Technology will experience a loss of 2.09 cents per share during the current fiscal year.
Recent months have seen a significant number of hedge funds modify the overall number of shares they are presently holding in their portfolios. During the second quarter, Price T. Rowe Associates Inc. (MD) increased the percentage of PAR Technology in which it was invested by 1.4%. After purchasing an additional 42,695 shares during the period in question, Price T. Rowe Associates Inc. (MD) now has a total of 3,139,470 shares of the software developer’s stock, which are currently valued at $117,699,000. This brings the total number of shares owned by the company to 3,139,470, giving it a total value of $117,699,000. During the second quarter, MFN Partners Management LP achieved a 70.7% increase in the share of PAR Technology that it owned as a percentage of the overall company. After making additional purchases totaling 771,553 shares during the period in question, MFN Partners Management LP is now the proud owner of 1,862,957 shares of the software manufacturer’s stock. The price of one share of stock is calculated to be $69,842,000. Vanguard Group Inc. increased the amount of PAR Technology stock owned by 7.6% during the third quarter. Vanguard Group Inc. now has a total of 1,527,038 shares of the software maker’s stock, which has a value of $45,094,000 after the company purchased an additional 108,118 shares during the period in question. Due to the company’s investment, the Manufacturers Life Insurance Company’s holdings in PAR Technology saw a 28.9% increase during the first three months of 2018. The Manufacturers Life Insurance Company now has 1,021,438 shares of the software maker’s stock after purchasing an additional 228,880 shares during the period in question. These shares have a combined value of $41,205,000 thanks to the Manufacturers Life Insurance Company’s purchases. And finally, during the second quarter, Royce & Associates LP increased the number of PAR Technology shares that it already owned by 3.3%, bringing the total percentage of shares it owned to 100%. At the moment, Royce & Associates LP is the owner of 922,079 software developers’ stock shares worth $34,569,000 at the current market price. This is a result of the additional purchase of 29,400 shares throughout the period above.
The hospitality and retail industries, no matter where in the world they are located, can turn to PAR Technology Corporation and its subsidiaries for technical solutions. The company is structured so that it operates in the public sector, the retail and hospitality industries, and the wholesale sector. Brink POS is a point-of-sale system that is open, based in the cloud, and compatible with locally and remotely hosted computer systems. Punchh is an enterprise-grade consumer loyalty and engagement solution for restaurant and convenience store brands. Data Central is a cloud computing platform that is used for back-office applications. PAR Payment Services is a merchant service provider. Wireless point-of-sale systems with integrated headsets for use with wireless devices