Fintel reports that on August 12, 2024, Jefferies upgraded their outlook for PAR Technology (NYSE:PAR) from Hold to Buy.
Analyst Price Forecast Suggests 14.47% Upside
As of August 6, 2024, the average one-year price target for PAR Technology is $58.14/share. The forecasts range from a low of $45.45 to a high of $72.45. The average price target represents an increase of 14.47% from its latest reported closing price of $50.79 / share.
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The projected annual revenue for PAR Technology is 435MM, an increase of 2.08%. The projected annual non-GAAP EPS is -0.35.
What is the Fund Sentiment?
There are 368 funds or institutions reporting positions in PAR Technology. This is an increase of 35 owner(s) or 10.51% in the last quarter. Average portfolio weight of all funds dedicated to PAR is 0.48%, an increase of 7.10%. Total shares owned by institutions increased in the last three months by 14.95% to 42,147K shares. 
The put/call ratio of PAR is 0.29, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 6,109K shares representing 16.84% ownership of the company. In its prior filing, the firm reported owning 5,081K shares , representing an increase of 16.83%. The firm increased its portfolio allocation in PAR by 17.86% over the last quarter.
Capital Research Global Investors holds 3,531K shares representing 9.73% ownership of the company. In its prior filing, the firm reported owning 2,462K shares , representing an increase of 30.27%. The firm increased its portfolio allocation in PAR by 33.54% over the last quarter.
ADW Capital Management holds 2,297K shares representing 6.33% ownership of the company. In its prior filing, the firm reported owning 1,650K shares , representing an increase of 28.16%. The firm increased its portfolio allocation in PAR by 29.04% over the last quarter.
OTCFX - T. Rowe Price Small-Cap Stock Fund holds 1,877K shares representing 5.17% ownership of the company. In its prior filing, the firm reported owning 1,879K shares , representing a decrease of 0.13%. The firm increased its portfolio allocation in PAR by 0.68% over the last quarter.
Greenhaven Road Investment Management holds 1,574K shares representing 4.34% ownership of the company. In its prior filing, the firm reported owning 1,165K shares , representing an increase of 25.98%. The firm increased its portfolio allocation in PAR by 41.87% over the last quarter.
Par Technology Background Information
(This description is provided by the company.)
PAR Technology Corporation through its wholly owned subsidiary ParTech, Inc., is a customer success-driven, global restaurant and retail technology company with over 100,000 restaurants in more than 110 countries using its point of sale hardware and software. ParTech's Brink POS® integration ecosystem enables quick service, fast casual and table service restaurants to improve their operational efficiency by combining its cloud-based POS software with the world's leading restaurant technology platforms. PAR Technology's Government segment is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various other federal agencies.
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