Peregrine Capital Management LLC Has $13.59 Million Stock Holdings in PAR Technology Co. (NYSE:PAR)

Peregrine Capital Management LLC raised its position in PAR Technology Co. (NYSE:PAR) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 186,980 shares of the software maker’s stock after buying an additional 3,303 shares during the period. Peregrine Capital Management LLC’s holdings in PAR Technology were worth $13,588,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAR. Principal Financial Group Inc. bought a new position in PAR Technology in the fourth quarter valued at about $205,000. State of New Jersey Common Pension Fund D bought a new stake in PAR Technology during the 4th quarter worth about $2,036,000. Rhumbline Advisers lifted its position in PAR Technology by 1.6% during the 4th quarter. Rhumbline Advisers now owns 50,990 shares of the software maker’s stock valued at $3,705,000 after purchasing an additional 782 shares during the period. Legato Capital Management LLC boosted its stake in shares of PAR Technology by 40.0% in the 4th quarter. Legato Capital Management LLC now owns 16,075 shares of the software maker’s stock valued at $1,168,000 after purchasing an additional 4,590 shares during the last quarter. Finally, Leo Wealth LLC acquired a new stake in shares of PAR Technology during the 4th quarter worth approximately $786,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stephens increased their price objective on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. The Goldman Sachs Group increased their price target on PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. StockNews.com raised PAR Technology to a “sell” rating in a research note on Thursday, January 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of PAR Technology in a report on Friday, January 3rd. Finally, Benchmark raised their target price on PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $79.25.

PAR Technology Trading Down 0.4 %

Shares of PAR Technology stock opened at $67.98 on Tuesday. The stock’s fifty day simple moving average is $72.62 and its 200 day simple moving average is $64.67. 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 12 month low of $37.74 and a 12 month 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.