State Board of Administration of Florida Retirement System Increases Stake in PAR Technology Co. (NYSE:PAR)
State Board of Administration of Florida Retirement System Increases Stake in PAR Technology Co.
The State Board of Administration of Florida Retirement System has recently increased its position in PAR Technology Co. (NYSE:PAR) by 8.0% during the first quarter, according to a recent filing with the Securities and Exchange Commission (SEC). The fund now owns 8,212 shares of the software maker’s stock, with a value of $372,000 at the end of the reporting period.
This move comes as several other large investors have also been adding to their stakes in PAR Technology. Voss Capital LLC, Vanguard Group Inc., Hodges Capital Management Inc., Wasatch Advisors LP, and Intrinsic Edge Capital Management LLC have all made significant investments in the company in recent months.
PAR Technology’s stock performance has been solid, with the company’s shares opening at $52.93 on Tuesday. The stock has a 52-week low of $28.21 and a high of $55.66, with a market capitalization of $1.80 billion. Analysts predict that the company will post -1.17 EPS for the current fiscal year.
In terms of analyst ratings, PAR Technology has received positive feedback from several research analysts. The company has a consensus rating of “Moderate Buy” and an average target price of $54.75. The stock has been rated as a “buy” by multiple analysts, with some raising their price targets on the company.
PAR Technology Corporation provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries globally. The company’s offerings include customer loyalty and engagement solutions, eCommerce platforms, point-of-sale solutions, merchant services, and back-office solutions.
Overall, PAR Technology’s recent performance and investor interest indicate a positive outlook for the company’s future growth and success in the market.
