Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 1.85MM shares of PAR Technology Corporation (PAR). This represents 6.8% of the company.
In their previous filing dated February 1, 2022 they reported 1.68MM shares and 6.20% of the company, an increase in shares of 9.96% and an increase in total ownership of 0.60% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 10.53% Upside
As of January 30, 2023, the average one-year price target for PAR Technology is $37.57. The forecasts range from a low of $25.25 to a high of $60.90. The average price target represents an increase of 10.53% from its latest reported closing price of $33.99.
The projected annual revenue for PAR Technology is $382MM, an increase of 12.46%. The projected annual EPS is $-0.92.
Fund Sentiment
There are 311 funds or institutions reporting positions in PAR Technology. This is a decrease of 2 owner(s) or 0.64%.
Average portfolio weight of all funds dedicated to US:PAR is 0.4442%, a decrease of 13.4393%. Total shares owned by institutions increased in the last three months by 1.12% to 35,703K shares.
What are large shareholders doing?
T. Rowe Price Investment Management holds 3,119,996 shares representing 11.43% ownership of the company.
Capital Research Global Investors holds 2,977,672 shares representing 10.91% ownership of the company. No change in the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 2,140,057 shares representing 7.84% ownership of the company. No change in the last quarter.
MFN Partners Management holds 1,862,957 shares representing 6.83% ownership of the company. No change in the last quarter.
ADW Capital Management holds 1,650,114 shares representing 6.05% ownership of the company. No change in the last quarter.
Par Technology Background Information
(This description is provided by the company.)
PAR Technology Corporation through its wholly owned subsidiary ParTech, Inc., is a customer success-driven, global restaurant and retail technology company with over 100,000 restaurants in more than 110 countries using its point of sale hardware and software. ParTech's Brink POS® integration ecosystem enables quick service, fast casual and table service restaurants to improve their operational efficiency by combining its cloud-based POS software with the world's leading restaurant technology platforms. PAR Technology's Government segment is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various other federal agencies.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
