Institutional Investor ADW Capital Management Reduces PAR Technology Stake
ADW Capital Management LLC decreased its holdings in PAR Technology Co. (NYSE:PAR) by 18.9% during the fourth quarter, according to their latest Form 13F filing with the Securities & Exchange Commission. The firm owned 2,597,229 shares valued at $188,741,000 at the end of the reporting period, making PAR Technology its largest holding at 58.0% of its total portfolio.
Several other institutional investors have recently adjusted their positions in PAR Technology. Aster Capital Management DIFC Ltd established a new stake worth $28,000, while Mountain Hill Investment Partners Corp. acquired a position valued at $29,000. Signaturefd LLC increased its holdings by 85.6%, and US Bancorp DE boosted its stake by 104.3%. Arcadia Investment Management Corp MI also initiated a new position worth approximately $113,000.
PAR Technology’s stock performance has shown variability, with shares opening at $59.64 recently. The company maintains a market capitalization of $2.42 billion. Analysts have issued various ratings for PAR Technology, with one sell rating, two hold ratings, and six buy ratings. The consensus among analysts is a ‘Moderate Buy’ with a target price of $81.86.
The company’s financial performance includes a recent quarterly revenue increase of 50.2% year-over-year to $105.01 million, although it reported a negative earnings per share of ($0.21), missing analyst expectations. PAR Technology provides cloud-based solutions for the restaurant and retail industries, including customer loyalty programs and point-of-sale systems.
