BlackRock Amends PAR Technology Stake, Signals Continued Confidence
Ticker: PAR · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 708821
| Field | Detail |
|---|---|
| Company | Par Technology Corp (PAR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a chunk of PAR Technology, good sign for stability.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of PAR TECHNOLOGY CORP's common stock as of December 31, 2023. This filing, an amendment number 3, shows BlackRock continues to be a significant institutional holder in PAR TECHNOLOGY CORP. This matters to investors because large institutional ownership by firms like BlackRock can signal confidence in the company's long-term prospects and provide a degree of stability to the stock.
Why It Matters
This filing confirms BlackRock's ongoing substantial investment in PAR TECHNOLOGY CORP, which can be seen as a vote of confidence from a major institutional investor.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or positive risks.
Analyst Insight
An investor should note BlackRock's continued presence as a significant shareholder, which might suggest institutional confidence, but should not base investment decisions solely on this routine disclosure.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- PAR TECHNOLOGY CORP (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company whose securities are being reported?
The subject company is PAR TECHNOLOGY CORP, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PAR TECHNOLOGY CORP' and '(Name of Issuer) PAR TECHNOLOGY CORP'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated by 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of PAR TECHNOLOGY CORP is 698884103, as listed under 'CUSIP No. 698884103'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding PAR TECHNOLOGY CORP (PAR).