Redmond Asset Management LLC Lowers Holdings in PAR Technology Co. (NYSE:PAR)

Redmond Asset Management LLC lowered its position in PAR Technology Co. (NYSE:PAR - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,524 shares of the software maker's stock after selling 5,313 shares during the period. PAR Technology comprises about 1.3% of Redmond Asset Management LLC's portfolio, making the stock its 19th largest position. Redmond Asset Management LLC owned about 0.18% of PAR Technology worth $5,052,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PAR. Victory Capital Management Inc. grew its stake in PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker's stock valued at $236,000 after purchasing an additional 219 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of PAR Technology by 7.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after purchasing an additional 343 shares during the period. KBC Group NV boosted its holdings in shares of PAR Technology by 30.4% in 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 during the last quarter. Rhumbline Advisers grew its position in PAR Technology by 1.6% during the fourth quarter. Rhumbline Advisers now owns 50,990 shares of the software maker's stock valued at $3,705,000 after buying an additional 782 shares during the period. Finally, RiverPark Advisors LLC increased its holdings in PAR Technology by 21.3% during the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker's stock worth $257,000 after buying an additional 865 shares during the last quarter.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PAR shares. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, January 3rd. StockNews.com upgraded PAR Technology to a "sell" rating in a research note on Thursday, January 23rd. Benchmark raised their target price on PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Craig Hallum upped their price target on PAR Technology from $65.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Stephens increased their price target on PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 26th. 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.25.

PAR Technology Stock Performance

Shares of NYSE:PAR traded up $0.64 during midday trading on Wednesday, reaching $62.16. 338,440 shares of the company traded hands, compared to its average volume of 479,704. The firm's fifty day moving average price is $71.07 and its two-hundred day moving average price is $65.40. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of -248.63 and a beta of 2.22. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 12 month low of $37.74 and a 12 month 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.