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

Legato Capital Management LLC boosted its stake in PAR Technology Co. (NYSE:PAR) by 40.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,075 shares of the software maker’s stock after acquiring 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in shares of PAR Technology in the third quarter valued at approximately $125,000. KBC Group NV grew its position in PAR Technology by 30.4% in the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after buying an additional 400 shares during the last quarter. Victory Capital Management Inc. increased its stake in PAR Technology by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after buying an additional 219 shares during the period. RiverPark Advisors LLC raised its position in PAR Technology by 21.3% during the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of PAR Technology in the 4th quarter worth $286,000.

PAR Technology Stock Performance

PAR stock opened at $67.53 on Thursday. The stock’s 50 day moving average price is $73.45 and its 200 day moving average price is $64.19. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PAR. Stephens boosted their price target on shares of PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Craig Hallum boosted their target price on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Benchmark raised their price target on PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. The Goldman Sachs Group upped their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Finally, Lake Street Capital raised their target price on PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. One 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. Based on data from MarketBeat, PAR Technology currently has an average rating of “Moderate Buy” and an average price target of $79.25.

PAR Technology Company 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.