Arcadia Investment Management Corp MI Invests $113,000 in PAR Technology Co. (NYSE:PAR)

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

Several other institutional investors have also made changes to their positions in PAR. KBC Group NV boosted its position in shares of PAR Technology by 30.4% during the 4th quarter. KBC Group NV now owns 1,717 shares of the software maker’s stock valued at $125,000 after acquiring an additional 400 shares in the last quarter. Principal Financial Group Inc. acquired a new position in PAR Technology in the fourth quarter valued at about $205,000. Victory Capital Management Inc. boosted its position 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 buying an additional 219 shares in the last quarter. RiverPark Advisors LLC boosted its position 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 buying an additional 865 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new position in PAR Technology in the fourth quarter valued at about $286,000.

PAR Technology Stock Down 1.8 %

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

Analyst Ratings Changes

A number of research firms have commented on PAR. Benchmark boosted their price target on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Lake Street Capital upped their target price on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of PAR Technology to a “sell” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upped their target price on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Finally, Stephens upped their target price on shares of PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. 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. Based on data from MarketBeat, PAR Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.25.

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.