TimesSquare Capital Management LLC Acquires 130,121 Shares of PAR Technology Co. (NYSE:PAR)

TimesSquare Capital Management LLC raised its holdings in PAR Technology Co. (NYSE:PAR) by 47.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 406,585 shares of the software maker’s stock after acquiring an additional 130,121 shares during the period. TimesSquare Capital Management LLC’s holdings in PAR Technology were worth $29,547,000 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 grew its holdings in shares of PAR Technology by 30.4% during the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after purchasing an additional 400 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of PAR Technology during the fourth quarter worth about $205,000. Victory Capital Management Inc. grew its holdings in shares of PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after purchasing an additional 219 shares during the last quarter. RiverPark Advisors LLC grew its holdings in shares of 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 purchasing an additional 865 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of PAR Technology during the fourth quarter worth about $286,000.

PAR Technology Price Performance

Shares of PAR opened at $67.98 on Wednesday. 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. The business’s 50 day moving average price is $72.62 and its two-hundred day moving average price is $64.67.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PAR shares. Lake Street Capital boosted 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. Stephens boosted 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, January 3rd. StockNews.com raised PAR Technology to a “sell” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, PAR Technology presently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

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.