TimesSquare Capital Management LLC Has $29.55 Million Stock Holdings in PAR Technology Co. (NYSE:PAR)

TimesSquare Capital Management LLC raised its holdings in shares of PAR Technology Co. (NYSE:PAR) by 47.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,585 shares of the software maker’s stock after purchasing an additional 130,121 shares during the quarter. TimesSquare Capital Management LLC owned approximately 1.05% of PAR Technology worth $29,547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PAR. KBC Group NV lifted its holdings in shares of PAR Technology by 30.4% during 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 in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of PAR Technology during the fourth quarter worth $205,000. Victory Capital Management Inc. lifted its holdings in shares of PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after buying an additional 219 shares in the last quarter. RiverPark Advisors LLC lifted its holdings in shares of PAR Technology by 21.3% during the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of PAR Technology during the fourth quarter worth $286,000.

PAR Technology Stock Performance

PAR Technology stock opened at $67.98 on Wednesday. PAR Technology Co. has a 12-month low of $37.74 and a 12-month high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average price is $72.62 and its two-hundred day moving average price is $64.67.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their target price on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Craig Hallum lifted their target price on PAR Technology from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Lake Street Capital raised their price target on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of PAR Technology in a research report on Friday, January 3rd. Finally, StockNews.com upgraded PAR Technology to a “sell” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.25.

About PAR Technology

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.