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 |
Brink POS and PAR MENU Rebranded to PAR POS and PAR Ordering ParTech, Inc. (PAR) announces the rebranding of two of its core products, Brink POS and PAR MENU, now streamlined as PAR POS and PAR Ordering, respectively. This strategic move reflects PAR's ongoing commitment to simplifying the complexities of restaurant management and providing seamlessly integrated solutions that drive operational efficiency and enhance customer engagement. As a leader in unified commerce solutions for the restaurant and foodservice sectors, PAR is committed to evolving its technology offerings to better meet the dynamic needs of the industry and serve the customers of today and tomorrow. Through strategic a
PAR Technology Corporation (NYSE:PAR), a global foodservice technology company and provider of unified commerce solutions to enterprise restaurants and foodservice outlets, today announced that Savneet Singh, the Company's CEO, will present to institutional investors at the Goldman Sachs Communacopia + Technology Conference at The Palace Hotel in San Francisco, CA. Mr. Singh will participate in a fireside chat at 3:25 PM Eastern Time on Wednesday, September 11, 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 atte
, Aug. 28, 2024 /PRNewswire/ -- FranchiseSEE, a software technology company specializing in Franchise insights, rankings, and overall health scores for various industries, announces a strategic partnership with ParTech, Inc. (PAR). This collaboration promises to provide mutual customers with unprecedented insights into their franchise systems through an intuitive and powerful interface. FranchiseSEE and Par Technology (NYSE:PAR) Announce Strategic PartnershipFranchiseSEE is a low-cost and simple, yet powerful software that provides restaurant franchise operators with a clear v
Crispy Engagement, Crunchy Solutions, Classic Experience, Humble Service Ever dreamt of your favorite meals doing more than just satisfying your hunger? Picture this: every crispy, golden bite from Church's Texas Chicken® not only delights your taste buds but also brings you closer to exclusive rewards and offers. That's the new reality for guests of Church's Texas Chicken® as they select ParTech, Inc. (PAR)'s industry-leading loyalty and offers solution, PAR Punchh®, to enhance their customer experience. This collaboration promises to redefine how customers engage with their favorite chicken brand. Crafting a Superior Experience The story of Church's Texas Chicken is one of dedicatio
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
Transforming Challenges into Opportunities: How Restaurants are Winning with Loyalty Programs Imagine transforming casual diners into loyal advocates who consistently choose your restaurant over the competition. With the right strategies, this is possible. PAR Punchh®, a leader in customer loyalty and engagement solutions, proudly announces the release of its first annual "PAR Punchh Loyalty Trends Report." This essential report provides a sneak peek into how innovative loyalty programs are reshaping the dining landscape and driving unprecedented customer engagement. As the restaurant industry contends with economic pressures and changing consumer behaviors, this report offers vital ins
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 broadens PAR's reach beyond the United States and has the potential to bring additional premier global brands into the PAR fold. PAR Technology Corporation (NYSE:PAR) a global foodservice technology company providing unified commerce solutions to enterprise restaurants and other foodservice outlets today announced the closing of the previously reported acquisition of TASK Group Holdings Limited (TASK), an Australia-based global foodservice transaction platform. TASK provides international unified commerce solutions, including interactive customer engagement and seamless integration, tailored for major brands worldwide. This has made TASK's transaction management platform the
HUNTSVILLE, Ala., June 10, 2024 /PRNewswire/ -- NexTech Solutions (NTS) has entered into an agreement to acquire 100% of the issued and outstanding shares of common stock of Rome Research Corporation (RRC), with an expected close by the end of Q2, 2024. NTS provides mission-focused solutions with cutting-edge technology, systems engineering, testing and evaluation, software, and subject matter experts to support U.S. DoD missions. PAR Technology Corporation (NYSE:PAR), a global restaurant technology company providing unified commerce solutions for enterprise foodservice, annou
PAR Technology Corporation (NYSE:PAR), a global restaurant technology company providing unified commerce solutions for enterprise foodservice announced today that it has agreed to the sale of its Government operating segment via the sale of its wholly owned subsidiaries: PAR Government Systems Corporation (PGSC) and Rome Research Corporation (RRC) for a combined total of $102 million. PAR announced it has completed the sale of 100% of the issued and outstanding equity interests of PGSC to Booz Allen Hamilton Inc. (NYSE:BAH) in a simultaneous sign and close of the transaction on June 7, 2024. PAR has also entered into a definitive acquisition agreement to sell RRC to NexTech Solutions Ho
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In the last three months, 6 analysts have published ratings on PAR Technology (NYSE:PAR), offering a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 1 1 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 2 1 0 0 0 3M Ago 2 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $56.83, a high estimate of $61.00, and a low estimate of $51.00. Surpassing the previous average price target o
Goldman Sachs analyst Will Nance maintains PAR Technology (NYSE:PAR) with a Neutral and raises the price target from $45 to $51.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for EPAM Systems, Inc. (NYSE:EPAM) from $252 to $230. Piper Sandler analyst Arvind Ramnani maintained an Overweight rating. EPAM Systems shares rose 1.2% to close at $180.05 on Wednesday. See how other analysts view this stock. Morgan Stanley raised the price target for Corning Incorporated (NYSE:GLW) from $35 to $38. However, Morgan Stanley analyst Meta Marshall downgraded the stock from Overweight to Equal-Weight. Corning shares rose 1.8% to close at $38.02 on W
Stephens & Co. analyst Charles Nabhan upgrades PAR Technology (NYSE:PAR) from Equal-Weight to Overweight and raises the price target from $46 to $60.
5 analysts have shared their evaluations of PAR Technology (NYSE:PAR) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 0 0 0 Last 30D 2 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 1 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $56.6, a high estimate of $61.00, and a low estimate of $53.00. This upward trend is app
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. JP Morgan slashed the price target for Nucor Corporation (NYSE:NUE) from $190 to $180. JP Morgan analyst Bill Peterson maintained a Neutral rating. Nucor shares fell 2.3% to close at $157.31 on Monday. See how other analysts view this stock. Needham increased the price target for PAR Technology Corporation (NYSE:PAR) from $53 to $57. Needham analyst Mayank Tandon maintained a Buy rating. PAR Technology shares gained 6.1% to close at $45.57 on Monday. See how other analysts view this stock. Wedbu
PAR Technology Corporation (NYSE:PAR) disclosed the sale of its Government segment, including subsidiaries PAR Government Systems Corporation and Rome Research Corporation, for $102 million. The company stated that it has completed the sale of all equity interests in PGSC to Booz Allen Hamilton Holding Corporation (NYSE:BAH), with the transaction finalized on June 7. PAR had entered into a deal to sell RRC to NexTech Solutions Holdings, LLC (NTS). Under this agreement, NTS will acquire all equity interests in RRC, and the transaction is expected to close by the end of the second quarter of 2024. This divestiture is part of PAR’s strategy to sell non-core assets and reinvest capital
Benchmark analyst Mark Palmer maintains PAR Technology (NYSE:PAR) with a Buy and raises the price target from $59 to $61.
Needham analyst Mayank Tandon maintains PAR Technology (NYSE:PAR) with a Buy and raises the price target from $53 to $57.
PAR Technology Corporation (NYSE:PAR), a global restaurant technology company providing unified commerce solutions for enterprise foodservice announced today that it has agreed to the sale of its Government operating segment via the sale of its wholly owned subsidiaries: PAR Government Systems Corporation (PGSC) and Rome Research Corporation (RRC) for a combined total of $102 million. PAR announced it has completed the sale of 100% of the issued and outstanding equity interests of PGSC to Booz Allen Hamilton Inc. (NYSE:BAH) in a simultaneous sign and close of the transaction on June 7, 2024. PAR has also entered into a definitive acquisition agreement to sell RRC to NexTech Solutions Holdi
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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
PAR Technology Corporation (NYSE:PAR) today announced that it will report its fourth quarter & year end financial results on Tuesday February 27, 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. PAR Technology Chief Executive Officer Savneet Singh, Chief Financial Officer Bryan Menar and Senior Vice President for Investor Relations & Business Development, Christopher Byrnes will provide a business update and address questions from call participants. To participate in the conference call, please register in advance via this link. After registering, a confirmation email will be sent including dial-in
Total quarterly revenues increased 15.5% year-over-year from Q3 '22 Subscription service revenues increased 24.6% year-over-year from Q3 '22 Annual Recurring Revenue (ARR)(1) grew to $128.3 million - a 20.4% year-over-year increase from Q3 '22 PAR Technology Corporation (NYSE:PAR) ("PAR Technology" or the "Company") today announced its financial results for the third quarter ended September 30, 2023. Summary of Fiscal 2023 Third Quarter Revenues were reported at $107.1 million for the three months ended September 30, 2023, a 15.5% increase compared to $92.8 million for the same period in 2022. Net loss for the three months ended September 30, 2023 was $15.5 million, or $0.
PAR Technology Corporation (NYSE:PAR) today announced that it will report its financial results for the third quarter ended September 30, 2023, following the close of the U.S. markets on Thursday, November 9, 2023. PAR management will then host a conference call at 4:30 p.m. ET to discuss the results. The third quarter results 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
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
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