State of New Jersey Common Pension Fund D Takes Position in PAR Technology Co. (NYSE:PAR)

State of New Jersey Common Pension Fund D purchased a new stake in PAR Technology Co. (NYSE:PAR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,015 shares of the software maker's stock, valued at approximately $2,036,000. State of New Jersey Common Pension Fund D owned approximately 0.07% of PAR Technology at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV raised 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 acquiring an additional 400 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of PAR Technology in the 4th quarter worth about $286,000. Victory Capital Management Inc. raised its holdings in shares of PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker's stock worth $236,000 after acquiring an additional 219 shares during the last quarter. RiverPark Advisors LLC raised its holdings in shares of 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 acquiring an additional 865 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of PAR Technology by 7.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after acquiring an additional 343 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on PAR. Benchmark upped their price objective on shares of PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of PAR Technology in a research report on Friday, January 3rd. Lake Street Capital upped their price objective on shares of PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Craig Hallum upped their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of PAR Technology to a "sell" rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $79.25.

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PAR Technology Stock Performance

Shares of PAR Technology stock traded down $1.43 on Thursday, reaching $60.72. 494,133 shares of the company traded hands, compared to its average volume of 480,080. The company has a 50 day moving average of $70.79 and a 200 day moving average of $65.38. The firm has a market capitalization of $2.35 billion, a PE ratio of -242.89 and a beta of 2.22. PAR Technology Co. has a 52 week low of $37.74 and a 52 week high of $82.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

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.