PAR Technology Co. (NYSE:PAR) Shares Purchased by PenderFund Capital Management Ltd.

PenderFund Capital Management Ltd. raised its position in PAR Technology Co. (NYSE:PAR) by 9.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,679 shares of the software maker’s stock after purchasing an additional 26,918 shares during the period. PAR Technology comprises about 4.1% of PenderFund Capital Management Ltd.’s investment portfolio, making the stock its 8th largest position. PenderFund Capital Management Ltd. owned about 1.11% of PAR Technology worth $13,291,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. G2 Investment Partners Management LLC acquired a new position in PAR Technology in the first quarter valued at $1,588,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of PAR Technology during the 2nd quarter valued at about $229,000. LPL Financial LLC lifted its holdings in shares of PAR Technology by 9.6% during the 2nd quarter. LPL Financial LLC now owns 27,003 shares of the software maker’s stock worth $889,000 after acquiring an additional 2,364 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of PAR Technology in the second quarter worth approximately $80,000. Finally, Bank of Montreal Can purchased a new stake in PAR Technology in the second quarter valued at approximately $13,565,000.

PAR Technology Stock Down 0.9 %

Shares of NYSE PAR traded down $0.36 on Tuesday, hitting $37.88. The company had a trading volume of 33,586 shares, compared to its average volume of 256,337. The company has a quick ratio of 1.89, a current ratio of 2.16 and a debt-to-equity ratio of 1.13. PAR Technology Co. has a 12-month low of $21.26 and a 12-month high of $46.63. The firm has a market capitalization of $1.06 billion, a P/E ratio of -16.19 and a beta of 1.80. The business has a 50 day moving average of $36.58 and a two-hundred day moving average of $36.19.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PAR shares. Stephens assumed coverage on shares of PAR Technology in a report on Tuesday, October 17th. They issued an “equal weight” rating and a $43.00 price target on the stock. Craig Hallum boosted their price target on PAR Technology from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Jefferies Financial Group upped their price target on PAR Technology from $35.00 to $45.00 in a research note on Thursday, October 5th. The Goldman Sachs Group lifted their price objective on PAR Technology from $35.00 to $43.00 in a research note on Thursday, October 5th. Finally, StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, PAR Technology currently has an average rating of “Hold” and an average price target of $45.50.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers Punchh, an enterprise-grade customer loyalty and engagement solution; MENU, an omnichannel digital ordering solution; Brink POS, an open cloud, point-of-sale solution; Menu, a digital ordering solution; PAR Payment Services, a transaction-based payment processing service; and Data Central, a cloud software solution for back-office applications.