PAR Technology Corporation, together with its subsidiaries, provides point-of-sale (POS) solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers POS technology solutions, including Brink POS, an open solution that integrates with third party products and in-house systems; PixelPoint, an on-premise integrated software solution that provides a self-service ordering, back-office management, and enterprise level loyalty and gift card information sharing services; PAR merchant card payment services; Data Central, a cloud software platform of back-office applications; and PAR EverServ POS platforms. This segment also offers G5 wireless headsets for wireless communication; and installation, technical, and maintenance support services. The Government segment provides intelligence, surveillance, and reconnaissance; systems engineering support and software-based solutions; satellite and telecommunications support; space and satellite control support; and information systems support services to the United States Department of Defense and other federal agencies. The company was founded in 1968 and is headquartered in New Hartford, New York.
IPO Year:
Exchange: NYSE
Website: partech.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/12/2024 | $45.00 → $60.00 | Hold → Buy | Jefferies |
| 6/13/2024 | $46.00 → $60.00 | Equal-Weight → Overweight | Stephens |
| 5/22/2024 | $59.00 | Hold → Buy | The Benchmark Company |
| 3/12/2024 | $61.00 | Neutral → Buy | Sidoti |
| 2/13/2024 | Hold | The Benchmark Company | |
| 1/29/2024 | Buy → Neutral | Sidoti | |
| 10/17/2023 | $43.00 | Equal-Weight | Stephens |
| 7/26/2023 | $39.00 | Buy | Lake Street |
| 6/16/2023 | Neutral | BTIG Research | |
| 8/10/2022 | $40.00 | Buy → Hold | Jefferies |
Jefferies upgraded PAR Technology from Hold to Buy and set a new price target of $60.00 from $45.00 previously
Stephens upgraded PAR Technology from Equal-Weight to Overweight and set a new price target of $60.00 from $46.00 previously
The Benchmark Company upgraded PAR Technology from Hold to Buy and set a new price target of $59.00
Sidoti upgraded PAR Technology from Neutral to Buy and set a new price target of $61.00
The Benchmark Company initiated coverage of PAR Technology with a rating of Hold
Sidoti downgraded PAR Technology from Buy to Neutral
Stephens initiated coverage of PAR Technology with a rating of Equal-Weight and set a new price target of $43.00
Lake Street initiated coverage of PAR Technology with a rating of Buy and set a new price target of $39.00
BTIG Research resumed coverage of PAR Technology with a rating of Neutral
Jefferies downgraded PAR Technology from Buy to Hold and set a new price target of $40.00
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8-K - PAR TECHNOLOGY CORP (0000708821) (Filer)
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8-K - PAR TECHNOLOGY CORP (0000708821) (Filer)
PAR Technology Corporation (NYSE:PAR) ("PAR Technology" or "PAR"), a global foodservice technology company, today announced its acquisition of Delaget, LLC ("Delaget"), a leading provider of restaurant analytics and business intelligence solutions. The transaction closed on December 31, 2024. Founded in 2001, Delaget serves over 30,000 locations, with 125+ brands among its customers (including 40 of the top 50 North America-based restaurant concepts). Delaget's comprehensive platform delivers data analytics, loss prevention, and operational insights that help restaurant operators streamline operations and improve profitability. Savneet Singh, PAR Technology's Chief Executive Officer and
Annual Recurring Revenue (ARR)(1) grew to $248.1 million - total growth of 93.3% inclusive of organic growth of 24.8% from $128.3 million reported in Q3 '23 Quarterly subscription service revenues increased 91.0% year-over-year from Q3 '23 PAR completed the sale of Rome Research Corporation, completing the divestiture of PAR's Government segment PAR completed the acquisition of TASK Group Holdings Limited ("TASK Group"), an Australia-based global foodservice transaction platform PAR Technology Corporation (NYSE:PAR) ("PAR Technology" or the "Company") today announced its financial results for the third quarter ended September 30, 2024. Savneet Singh, PAR Technology CEO commented,
PAR Technology Corporation (NYSE:PAR) today announced that it will report its third quarter financial results on Friday, November 8, 2024. The results are scheduled to be released at 7:30 a.m. ET, followed by an investor presentation and conference call at 9:00 a.m. ET. The earnings conference call will be webcast live. To access the webcast, please visit the PAR Technology Investor Relations website at www.partech.com/investor-relations/. A recording of the webcast will be available on this site after the event. PAR Technology looks forward to your participation in this conference call. Please call Tiffani Temple at 315-738-0600 x 6325 with any questions. ABOUT PAR TECHNOLOGY For over
Annual Recurring Revenue (ARR)(1) grew to $192.2 million - total growth of 56.9% inclusive of organic growth of 23.9% from $122.5 million reported in Q2 '23 Quarterly subscription service revenues increased 47.7% year-over-year from Q2 '23 PAR completed the sale of PAR Government Systems Corporation for $95.0 million and, after period end, completed the sale of Rome Research Corporation for $7.0 million After period end, PAR completed the acquisition of TASK Group Holdings Limited ("TASK"), an Australia-based global foodservice transaction platform PAR Technology Corporation (NYSE:PAR) ("PAR Technology" or the "Company") today announced its financial results for the second quar
PAR Technology Corporation (NYSE:PAR) today announced that it will report its second quarter financial results on Thursday, August 8, 2024. The results are scheduled to be released at 7:30 a.m. ET, followed by an investor presentation and conference call at 9:00 a.m. ET. The earnings conference call will be webcast live. To access the webcast, please visit the PAR Technology Investor Relations website at www.partech.com/investor-relations/. A recording of the webcast will be available on this site after the event. PAR Technology looks forward to your participation in this conference call. Please call Tiffani Temple at 315-738-0600 x 6325 with any questions. ABOUT PAR TECHNOLOGY For
Acquisition will accelerate and transform warfighter technology Combined solutions will accelerate innovative, tech-enabled solution delivery at the edge PAR Government Systems Corporation's IP and technical workforce will strategically augment Booz Allen's capabilities in situational awareness, decision advantage, and countering uncrewed aerial systems (UAS) threats Acquisition will enable improved outcomes for agencies in national defense and beyond Booz Allen Hamilton (NYSE:BAH) announced today that it has acquired PAR Government Systems Corporation (PGSC), a wholly owned subsidiary of PAR Technology Corporation (NYSE:PAR). The acquisition will combine PGSC's edge technologie
Annual Recurring Revenue (ARR)(1) grew to $185.7 million - total growth of 60.2% and organic growth of 24.8% from $115.9 million reported in Q1 '23 Quarterly subscription service revenues increased 37.2% year-over-year from Q1 '23 PAR acquired Stuzo, a digital engagement software provider to Convenience and Fuel Retailers (C-Stores), contributing $41.0 million in Q1 '24 ARR PAR entered into an agreement to acquire TASK, a global food service transaction platform offering international unified commerce solutions, which is expected to close in Q3 '24 subject to the satisfaction or waiver of certain conditions. PAR Technology Corporation (NYSE:PAR) ("PAR Technology" or the "Compan
PAR Technology Corporation (NYSE:PAR) today announced that it will report its first quarter financial results on Thursday, May 9, 2024. The results are scheduled to be released at 7:30 a.m. ET, followed by an investor presentation and conference call at 9:00 a.m. ET. The earnings conference call will be webcast live. To access the webcast, please visit the PAR Technology Investor Relations website at www.partech.com/investor-relations/. A recording of the webcast will be available on this site after the event. PAR Technology looks forward to your participation in this conference call. Please call Tiffani Temple at 315-738-0600 x 6325 with any questions. ABOUT PAR TECHNOLOGY For more
TASK Group Holdings Limited (ASX: TASK) and Stuzo Holdings, LLC, Enhance PAR's Leadership in Unified Commerce for Foodservice & Retail Brands on a Global Scale PAR Technology Corporation (NYSE:PAR) (the "Company" or "PAR"), a global foodservice technology company and provider of unified commerce for enterprise restaurant brands, today announced two transactions that expand its cloud-based unified commerce software offerings into convenience stores and fuel retailers, as well as international markets. PAR has entered into an agreement to acquire TASK Group for cash and PAR common stock at an implied value of approximately $206 million assuming an all-cash transaction, and has completed its
Total quarterly revenues increased 10.3% year-over-year from Q4 '22 Total annual revenues increased 16.9% year-over-year from 2022 Annual subscription service revenues increased 25.7% year-over-year from 2022 Annual Recurring Revenue (ARR)(1) grew to $136.9 million - a 22.8% increase from $111.4 million reported in Q4 '22 PAR Technology Corporation (NYSE:PAR) ("PAR Technology" or the "Company") today announced its financial results for its fourth quarter and for the year ended December 31, 2023. Summary of Fiscal 2023 Fourth Quarter Revenues were reported at $107.7 million for the fourth quarter of 2023, a 10.3% or $10.1 million increase compared to $97.7 million for t
A Better Way to Gift – and Grow Gift cards have been a trusted way to drive customer loyalty, but they often fall short of their full potential. PAR Technology (NYSE:PAR) is changing that with the launch of its gift card solution, PAR Gift™, an offering designed to help restaurants and retailers transform gifting into a seamless, personalized experience while unlocking new opportunities for growth. With this launch, PAR enables businesses to go beyond the basics, creating stronger customer connections and driving measurable results using a fresh approach to gifting by combining ease of use, advanced features, and the flexibility modern businesses need by offering: Personalized Engage
PAR Technology Corporation (NYSE:PAR) a global foodservice technology company today announced that Savneet Singh, the Company's CEO, will present to institutional investors at the 27th Annual Needham Growth Conference at the Lotte New York Palace Hotel. Mr. Singh will participate in a fireside chat at 9:30 AM ET on Tuesday, January 14, 2025. A live webcast and replay of the discussion will be available by visiting PAR Technology's website at https://www.partech.com/investor-relations/. PAR management will also be conducting a series of one-on-one meetings with investors attending the conference. ABOUT PAR TECHNOLOGY CORPORATION For over four decades, PAR Technology Corporation (NYSE:P
PAR Technology Corporation (NYSE:PAR) ("PAR Technology" or "PAR"), a global foodservice technology company, today announced its acquisition of Delaget, LLC ("Delaget"), a leading provider of restaurant analytics and business intelligence solutions. The transaction closed on December 31, 2024. Founded in 2001, Delaget serves over 30,000 locations, with 125+ brands among its customers (including 40 of the top 50 North America-based restaurant concepts). Delaget's comprehensive platform delivers data analytics, loss prevention, and operational insights that help restaurant operators streamline operations and improve profitability. Savneet Singh, PAR Technology's Chief Executive Officer and
Rethinking What's Possible in Restaurant Efficiency, From Kitchen to Counter PAR Technology (NYSE:PAR), a global foodservice technology company, today announces that Condado Tacos, the rapidly growing restaurant brand celebrated for its custom tacos and bold flavors, has selected PAR® Data Central®, to elevate its operations. By implementing this solution, Condado Tacos aims to streamline central-kitchen-to-store logistics, optimize labor and menu performance across all locations, and unlock actionable data insights to drive its next phase of growth. Every great taco starts with the right ingredients, but when you're serving thousands of guests across multiple states, ensuring those ing
PAR Technology Corporation (NYSE:PAR) (the "Company" or "PAR") announced today that it has entered into privately negotiated agreements with certain holders of its outstanding 2.875% Convertible Senior Notes due 2026 (the "Notes") to exchange $100 million aggregate principal amount of the Notes for approximately 2.4 million shares of the Company's common stock and approximately $336,000 in cash (the "Notes Exchange"). Savneet Singh, PAR Technology CEO commented, "In equitizing $100 million of our debt, we provide flexibility to our balance sheet to unlock future accretive investment opportunities." The Notes Exchange is expected to close on November 27, 2024, subject to customary closin
PAR Technology Corporation (NYSE:PAR) a leading global provider of technology to enterprise foodservice and retail, today announced that Savneet Singh, the Company's CEO, will present to institutional investors at the Stephens Annual Investment Conference. Mr. Singh will participate in a fireside chat at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, November 21, 2024. A live webcast and replay of the discussion will be available by visiting PAR Technology's website at https://www.partech.com/investor-relations/. PAR management will also be conducting one-on-one meetings with investors attending the conference. ABOUT PAR TECHNOLOGY CORPORATION For over four decades, PA
The Audio Solution That Keeps Lines Moving and Customers Smiling PAR Technology (NYSE:PAR), a global foodservice technology company, today announces the introduction of PAR Clear™ — a drive-thru communications headset system built to elevate the entire customer experience. Communication at the drive-thru can make or break the customer experience, and when it falls short, it can lead to longer wait times, order errors, and reduced profitability. PAR Clear addresses these challenges with exceptional audio clarity, extended range, and intuitive controls, empowering quick-service restaurants to streamline operations, increase order accuracy, and keep lines moving — all while boosting customer
Annual Recurring Revenue (ARR)(1) grew to $248.1 million - total growth of 93.3% inclusive of organic growth of 24.8% from $128.3 million reported in Q3 '23 Quarterly subscription service revenues increased 91.0% year-over-year from Q3 '23 PAR completed the sale of Rome Research Corporation, completing the divestiture of PAR's Government segment PAR completed the acquisition of TASK Group Holdings Limited ("TASK Group"), an Australia-based global foodservice transaction platform PAR Technology Corporation (NYSE:PAR) ("PAR Technology" or the "Company") today announced its financial results for the third quarter ended September 30, 2024. Savneet Singh, PAR Technology CEO commented,
PAR Technology Corporation (NYSE:PAR), a leading global provider of technology to enterprise foodservice and retail, today announced that it will host an Investor Day on Monday, November 25, 2024, beginning at 1:00 p.m. ET. The event will be held at the New York Stock Exchange and webcast live. Due to the limited capacity, in-person attendance is by invitation only. Institutional investors and financial analysts wishing to attend in-person should contact [email protected] before in-person registration closes on Monday, November 18, 2024. Interested parties will also be able to register for the live webcast on the PAR Investor page of their website at https://partech.com/investor-relations/in
Bringing Loyalty and Payments Together for a Frictionless Guest Experience PAR Technology (NYSE:PAR), a global foodservice technology company, today announces the introduction of Punchh® Wallet, a fully customizable digital wallet designed to bridge the gap between loyalty and payments. Punchh Wallet redefines the checkout experience and how restaurants engage with their guests by seamlessly integrating payment orchestration with loyalty programs across every channel—both within and beyond the app. Punchh Wallet goes beyond streamlining checkout—it transforms every transaction into a valuable opportunity for deeper engagement. Whether guests are using in-app features like saved payments a
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Bringing Loyalty and Payments Together for a Frictionless Guest Experience PAR Technology (NYSE:PAR), a global foodservice technology company, today announces the introduction of Punchh® Wallet, a fully customizable digital wallet designed to bridge the gap between loyalty and payments. Punchh Wallet redefines the checkout experience and how restaurants engage with their guests by seamlessly integrating payment orchestration with loyalty programs across every channel—both within and beyond the app. Punchh Wallet goes beyond streamlining checkout—it transforms every transaction into a valuable opportunity for deeper engagement. Whether guests are using in-app features like saved payments a
Community Financial System, Inc. (the "Company") (NYSE:CBU) announced today the appointment of Savneet Singh to its Board of Directors (the "Board") as a new independent director, effective as of October 1, 2024. Mr. Singh is the Chief Executive Officer ("CEO") and President of PAR Technology Corporation (NYSE:PAR) and President of ParTech, Inc. ("ParTech"). Headquartered in Upstate New York, PAR Technology Corporation ("PAR") is a global food service technology company providing leading omnichannel cloud-based software and hardware solutions to the restaurant and retail industries. Mr. Singh joined PAR's Board of Directors in April 2018, was appointed PAR's Interim CEO and President and I
PAR Technology Corporation (NYSE:PAR) a global restaurant technology company and provider of unified commerce solutions to enterprise restaurants today announced the appointment of Linda Crawford to its Board of Directors effective today, December 5, 2023. Savneet Singh, PAR Technology CEO and Board Member, commented on the appointment, "We are excited to welcome Linda to PAR's Board. Linda's extensive knowledge of enterprise software and proven leadership experience will be a tremendous asset to PAR and our entire management team. I look forward to working with Linda as we continue to scale our business and innovate unified commerce for enterprise restaurants." Ms. Crawford previously
Chief Marketing Officer and Senior Vice President of Human Resources join the company to further support accelerated growth PAR Technology Corporation (PAR), a global restaurant technology company providing a unified commerce platform for enterprise restaurants, today announced the appointment of two key individuals to the roles of Chief Marketing Officer and Senior Vice President of Human Resources. The new additions to the executive leadership team will play a pivotal role in the future success of PAR, as the Company continues to accelerate its growth trajectory. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220503005272/en/S
Appoints Marcus Wasdin as GM of Data Central® ParTech, Inc. (PAR), a global restaurant technology company building a unified commerce platform for restaurants, today announced it has added Marcus Wasdin as General Manager of its Data Central solution. ParTech, Inc. is a wholly-owned subsidiary of PAR Technology Corporation (NYSE:PAR). Data Central is PAR's premier back-office software application and was acquired by PAR in 2019 in their purchase of AccSys, LLC, (f/k/a AccSys, Inc. and otherwise known as Restaurant Magic), to become its flagship data management platform. Data Central is a key component to PAR's unified commerce cloud platform for enterprise and multi-concept restaurants.
SYRACUSE, N.Y., Oct. 11, 2021 /PRNewswire/ -- TCGplayer, the leading technology platform for the collectibles industry and operator of the largest online marketplace for trading card games, today announced Savneet Singh's appointment to the Board of Directors, effective immediately. Mr. Singh has more than 15 years of experience building, leading and investing in technology and SaaS organizations. He is currently the President and Chief Executive Officer of PAR Technology Corp. (NYSE:PAR), one of the largest providers of point of sale systems for restaurants. Throughout his te
PAR Government Systems Corporation (PGSC), a wholly-owned subsidiary of PAR Technology Corporation (NYSE:PAR), today announced the appointment of Dr. Leah Rowe as Director of Training and Readiness. Dr. Rowe will be working out of PGSC offices in Dayton, Ohio. Dr. Rowe is responsible for managing the transition and transfer of advanced training technology from the Air Force Research Laboratory (AFRL) to PGSC and creating new business with operational users within DoD, non-DoD Federal, and commercial/international settings. Dr. Rowe joins PGSC following a distinguished career in public service at the Air Force Research Laboratory, where she led a robust research and development portfolio fo