Stratos Wealth Partners LTD. Grows Stock Position in PAR Technology Co. (NYSE:PAR)

Stratos Wealth Partners LTD. increased its holdings in PAR Technology Co. (NYSE:PAR) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,966 shares of the software maker’s stock after buying an additional 343 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in PAR Technology were worth $361,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PAR. Victory Capital Management Inc. lifted its position in shares of PAR Technology by 5.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after buying an additional 219 shares in the last quarter. KBC Group NV lifted its stake in shares of PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after buying an additional 400 shares in the last quarter. Inspire Investing LLC boosted its holdings in PAR Technology by 6.1% in the 3rd quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock worth $413,000 after buying an additional 454 shares during the period. RiverPark Advisors LLC increased its stake in PAR Technology by 21.3% in the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in PAR Technology by 6.2% during the third quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker’s stock valued at $903,000 after acquiring an additional 932 shares during the period.

PAR Technology Stock Performance

NYSE PAR opened at $67.53 on Thursday. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24. The company has a market cap of $2.61 billion, a P/E ratio of -270.11 and a beta of 2.22. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The business’s 50 day moving average price is $73.45 and its 200-day moving average price is $64.19.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PAR. Lake Street Capital upped their price objective on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group lifted their price target on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Benchmark raised their price objective on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of PAR Technology in a report on Friday, January 3rd. Finally, Stephens raised their target price on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, PAR Technology has a consensus rating of “Moderate Buy” and an average price target of $79.25.

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.