PAR Technology Corporation $PAR Stock Holdings Increased by Brooktree Capital Management

Brooktree Capital Management raised its stake in PAR Technology Corporation (NYSE:PAR) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 354,295 shares of the software maker’s stock after buying an additional 26,533 shares during the period. PAR Technology makes up approximately 8.9% of Brooktree Capital Management’s holdings, making the stock its 3rd largest holding. Brooktree Capital Management owned about 0.87% of PAR Technology worth $14,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PAR. Stephens Investment Management Group LLC raised its position in shares of PAR Technology by 54.4% during the 3rd quarter. Stephens Investment Management Group LLC now owns 158,959 shares of the software maker’s stock worth $6,292,000 after purchasing an additional 56,036 shares during the last quarter. Geode Capital Management LLC increased its position in PAR Technology by 13.2% during the second quarter. Geode Capital Management LLC now owns 942,503 shares of the software maker’s stock worth $65,389,000 after buying an additional 110,160 shares in the last quarter. Invesco Ltd. raised its holdings in shares of PAR Technology by 24.1% in the second quarter. Invesco Ltd. now owns 1,877,239 shares of the software maker’s stock worth $130,224,000 after acquiring an additional 364,892 shares during the last quarter. AXA S.A. lifted its position in shares of PAR Technology by 360.1% in the second quarter. AXA S.A. now owns 298,985 shares of the software maker’s stock valued at $20,741,000 after acquiring an additional 234,009 shares in the last quarter. Finally, Bamco Inc. NY lifted its position in shares of PAR Technology by 8.5% in the second quarter. Bamco Inc. NY now owns 1,751,387 shares of the software maker’s stock valued at $121,494,000 after acquiring an additional 137,434 shares in the last quarter.

PAR Technology Price Performance

PAR Technology stock opened at $20.83 on Monday. PAR Technology Corporation has a 1 year low of $20.00 and a 1 year high of $72.15. The firm has a 50 day moving average price of $32.78 and a 200 day moving average price of $38.80. The company has a market cap of $845.33 million, a price-to-earnings ratio of -9.73 and a beta of 1.35. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.70.

Wall Street Analysts Forecast Growth

PAR has been the subject of a number of recent research reports. BTIG Research reiterated a “buy” rating and set a $60.00 price objective on shares of PAR Technology in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a research note on Monday, December 29th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $55.00 price objective on shares of PAR Technology in a research report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Insiders Place Their Bets

In other news, major shareholder Voss Capital, Lp acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were bought at an average cost of $34.56 per share, for a total transaction of $864,000.00. Following the acquisition, the insider directly owned 3,613,898 shares in the company, valued at $124,896,314.88. This trade represents a 0.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bryan A. Menar sold 6,500 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $35.53, for a total value of $230,945.00. Following the sale, the chief financial officer owned 71,481 shares of the company’s stock, valued at $2,539,719.93. The trade was a 8.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 196,035 shares of company stock valued at $7,103,730. Insiders own 3.70% of the company’s stock.

PAR Technology Company Profile

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.