PenderFund Capital Management Ltd. raised its position in PAR Technology Co. (NYSE:PAR – Free Report) 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
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.
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