PAR Technology Co. (NYSE:PAR) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC grew its position in shares of PAR Technology Co. (NYSE:PAR) by 40.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,075 shares of the software maker’s stock after purchasing an additional 4,590 shares during the period. Legato Capital Management LLC’s holdings in PAR Technology were worth $1,168,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PAR. TimesSquare Capital Management LLC acquired a new stake in PAR Technology during the 3rd quarter worth approximately $14,398,000. Bamco Inc. NY raised its stake in shares of PAR Technology by 15.2% in the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker’s stock valued at $60,981,000 after acquiring an additional 154,921 shares in the last quarter. Fred Alger Management LLC purchased a new position in PAR Technology in the third quarter valued at $6,600,000. Geode Capital Management LLC grew its stake in PAR Technology by 11.1% during the 3rd quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker’s stock worth $42,664,000 after purchasing an additional 81,551 shares in the last quarter. Finally, Castleark Management LLC increased its holdings in PAR Technology by 196.0% during the 3rd quarter. Castleark Management LLC now owns 116,370 shares of the software maker’s stock worth $6,061,000 after purchasing an additional 77,050 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. StockNews.com raised shares of PAR Technology to a “sell” rating in a report on Thursday, January 23rd. Craig Hallum raised their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group increased their target price on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. 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. Finally, Stephens increased their price objective on PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

PAR Technology Trading Down 2.6 %

NYSE:PAR opened at $67.53 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. PAR Technology Co. has a 52-week low of $37.74 and a 52-week high of $82.24. The stock’s 50 day moving average price is $73.45 and its 200 day moving average price is $64.19.

PAR Technology 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.