Asset Management One Co. Ltd. Cuts Holdings in PAR Technology Co. (NYSE:PAR)

Asset Management One Co. Ltd. trimmed its holdings in shares of PAR Technology Co. (NYSE:PAR) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,696 shares of the software maker’s stock after selling 314 shares during the period. Asset Management One Co. Ltd.’s holdings in PAR Technology were worth $417,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PAR. KBC Group NV raised 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 worth $125,000 after buying an additional 400 shares in the last quarter. Victory Capital Management Inc. raised its stake 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 worth $236,000 after buying an additional 219 shares in the last quarter. RiverPark Advisors LLC raised its stake in shares of PAR Technology by 21.3% during 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. Mount Yale Investment Advisors LLC purchased a new position in shares of PAR Technology during the 4th quarter worth approximately $286,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of PAR Technology during the 3rd quarter worth approximately $308,000.

PAR Technology Stock Performance

PAR Technology stock opened at $65.36 on Friday. 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 stock has a fifty day moving average of $71.98 and a two-hundred day moving average of $64.83. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of -261.43 and a beta of 2.22. PAR Technology Co. has a fifty-two week low of $37.74 and a fifty-two week high of $82.24.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PAR shares. Benchmark increased their target price on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Craig Hallum raised their price objective on PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, January 3rd. Lake Street Capital raised their price objective on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Stephens raised their price objective on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.25.

PAR Technology Company Profile

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.