Arcadia Investment Management Corp MI Buys Shares of 1,557 PAR Technology Co. (NYSE:PAR)

Arcadia Investment Management Corp MI bought a new stake in PAR Technology Co. (NYSE:PAR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,557 shares of the software maker’s stock, valued at approximately $113,000.

Other large investors have also recently bought and sold shares of the company. KBC Group NV increased its stake in PAR Technology by 30.4% in the fourth quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after purchasing an additional 400 shares in the last quarter. Principal Financial Group Inc. bought a new stake in PAR Technology in the fourth quarter valued at approximately $205,000. Mount Yale Investment Advisors LLC bought a new stake in PAR Technology in the fourth quarter valued at approximately $286,000. Victory Capital Management Inc. increased its stake in PAR Technology by 5.1% in the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after purchasing an additional 219 shares in the last quarter. Finally, RiverPark Advisors LLC increased its stake in PAR Technology by 21.3% in the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock valued at $257,000 after purchasing an additional 865 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Stephens upped their target price on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of PAR Technology in a research note on Friday, January 3rd. The Goldman Sachs Group upped their price target on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Lake Street Capital upped their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Craig Hallum upped their price target on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

PAR Technology Trading Down 1.8 %

PAR Technology stock opened at $65.36 on Friday. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24. The company has a 50 day moving average of $71.98 and a 200-day moving average of $64.83. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

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.