PenderFund Capital Management Ltd. grew its stake in shares of PAR Technology Co. (NYSE:PAR – Free Report) by 9.7% in the second quarter, Holdings Channel reports. The institutional investor owned 304,679 shares of the software maker’s stock after purchasing an additional 26,918 shares during the period. PAR Technology accounts for approximately 4.1% of PenderFund Capital Management Ltd.’s holdings, making the stock its 8th biggest position. PenderFund Capital Management Ltd.’s holdings in PAR Technology were worth $13,291,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in PAR Technology by 11.0% in the second quarter. JPMorgan Chase & Co. now owns 38,602 shares of the software maker’s stock worth $1,271,000 after purchasing an additional 3,825 shares during the period. ExodusPoint Capital Management LP raised its stake in shares of PAR Technology by 107.4% in the 2nd quarter. ExodusPoint Capital Management LP now owns 51,601 shares of the software maker’s stock valued at $1,699,000 after buying an additional 26,718 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of PAR Technology by 20.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,502 shares of the software maker’s stock worth $280,000 after acquiring an additional 1,415 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of PAR Technology by 1.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 204,067 shares of the software maker’s stock valued at $6,720,000 after acquiring an additional 2,340 shares in the last quarter. Finally, Citigroup Inc. increased its stake in PAR Technology by 1,064.3% in the second quarter. Citigroup Inc. now owns 8,686 shares of the software maker’s stock valued at $286,000 after acquiring an additional 7,940 shares during the period.
PAR Technology Price Performance
PAR traded down $0.36 during trading on Tuesday, hitting $37.88. The company’s stock had a trading volume of 33,586 shares, compared to its average volume of 256,337. The firm’s 50 day moving average price is $36.58 and its two-hundred day moving average price is $36.19. The company has a quick ratio of 1.89, a current ratio of 2.16 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -16.19 and a beta of 1.80. PAR Technology Co. has a 12 month low of $21.26 and a 12 month high of $46.63.
Analysts Set New Price Targets
About PAR Technology
PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers Punchh, an enterprise-grade customer loyalty and engagement solution; MENU, an omnichannel digital ordering solution; Brink POS, an open cloud, point-of-sale solution; Menu, a digital ordering solution; PAR Payment Services, a transaction-based payment processing service; and Data Central, a cloud software solution for back-office applications.
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