Legato Capital Management LLC Has $1.17 Million Position in PAR Technology Co. (NYSE:PAR)

Legato Capital Management LLC raised its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 40.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,075 shares of the software maker's stock after acquiring an additional 4,590 shares during the quarter. Legato Capital Management LLC's holdings in PAR Technology were worth $1,168,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of PAR Technology by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker's stock valued at $15,523,000 after buying an additional 20,811 shares in the last quarter. Geode Capital Management LLC boosted its stake in PAR Technology by 11.1% during the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock worth $42,664,000 after buying an additional 81,551 shares during the last quarter. Moody National Bank Trust Division boosted its stake in PAR Technology by 119.2% during the fourth quarter. Moody National Bank Trust Division now owns 24,278 shares of the software maker's stock worth $1,764,000 after buying an additional 13,200 shares during the last quarter. Barclays PLC boosted its stake in PAR Technology by 431.3% during the third quarter. Barclays PLC now owns 63,536 shares of the software maker's stock worth $3,310,000 after buying an additional 51,578 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in PAR Technology by 6.2% during the third quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker's stock worth $903,000 after buying an additional 932 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Benchmark upped their price target on PAR Technology from $69.00 to $92.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Lake Street Capital increased their price objective on PAR Technology from $57.00 to $77.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com raised PAR Technology to a "sell" rating in a research report on Thursday, January 23rd. Stephens increased their price objective on PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group increased their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a "neutral" rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, PAR Technology has an average rating of "Moderate Buy" and a consensus price target of $79.25.

PAR Technology Trading Down 0.4 %

Shares of PAR traded down $0.31 during mid-day trading on Friday, hitting $67.98. The company's stock had a trading volume of 226,745 shares, compared to its average volume of 556,782. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a 50-day simple moving average of $72.81 and a 200 day simple moving average of $64.44. PAR Technology Co. has a 1-year low of $37.74 and a 1-year high of $82.24.

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.