PAR Technology Co. (NYSE:PAR) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 47.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 406,585 shares of the software maker's stock after purchasing an additional 130,121 shares during the quarter. TimesSquare Capital Management LLC owned about 1.05% of PAR Technology worth $29,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PAR. New York State Common Retirement Fund increased its holdings in PAR Technology by 14.4% in the 4th quarter. New York State Common Retirement Fund now owns 43,984 shares of the software maker's stock worth $3,196,000 after buying an additional 5,542 shares during the period. Peregrine Capital Management LLC lifted its holdings in PAR Technology by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 186,980 shares of the software maker's stock valued at $13,588,000 after purchasing an additional 3,303 shares in the last quarter. Principal Financial Group Inc. purchased a new position in PAR Technology in the 4th quarter valued at $205,000. State of New Jersey Common Pension Fund D purchased a new position in PAR Technology in the 4th quarter valued at $2,036,000. Finally, Rhumbline Advisers lifted its holdings in PAR Technology by 1.6% in the 4th quarter. Rhumbline Advisers now owns 50,990 shares of the software maker's stock valued at $3,705,000 after purchasing an additional 782 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have weighed in on PAR. StockNews.com upgraded PAR Technology to a "sell" rating in a report on Thursday, January 23rd. Benchmark lifted their price target on PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Lake Street Capital lifted their price target on PAR Technology from $57.00 to $77.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Craig Hallum lifted their price target on PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, Stephens lifted their price target on PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, PAR Technology currently has an average rating of "Moderate Buy" and an average target price of $79.25.

PAR Technology Trading Down 4.8 %

PAR traded down $3.10 on Friday, hitting $62.22. The company had a trading volume of 697,629 shares, compared to its average volume of 485,857. The firm has a market cap of $2.41 billion, a P/E ratio of -248.86 and a beta of 2.22. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24. The company's fifty day moving average price is $71.71 and its 200 day moving average price is $64.95. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

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.