Peregrine Capital Management LLC Acquires 3,303 Shares of PAR Technology Co. (NYSE:PAR)

Peregrine Capital Management LLC grew its holdings in PAR Technology Co. (NYSE:PAR) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,980 shares of the software maker’s stock after acquiring an additional 3,303 shares during the period. Peregrine Capital Management LLC owned 0.48% of PAR Technology worth $13,588,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in shares of 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 acquiring an additional 219 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of PAR Technology by 7.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker’s stock valued at $361,000 after purchasing an additional 343 shares during the period. KBC Group NV lifted its stake in shares of PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock worth $125,000 after buying an additional 400 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of PAR Technology by 1.6% during the 4th quarter. Rhumbline Advisers now owns 50,990 shares of the software maker’s stock worth $3,705,000 after buying an additional 782 shares during the period. Finally, RiverPark Advisors LLC grew its stake in PAR Technology by 21.3% in the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock valued at $257,000 after buying an additional 865 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PAR. Craig Hallum boosted their target price on shares of PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group boosted their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. StockNews.com raised PAR Technology to a “sell” rating in a report on Thursday, January 23rd. Stephens upped 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

PAR Technology Stock Down 0.4 %

PAR opened at $67.98 on Tuesday. The stock’s 50 day simple moving average is $72.62 and its 200-day simple moving average is $64.67. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. PAR Technology Co. has a 1 year low of $37.74 and a 1 year high of $82.24.

PAR Technology 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.