Capital Research Global Investors Cuts PAR Tech Stake to 9.5%

TL;DR

**Big investor Capital Research Global Investors just trimmed its stake in PAR Technology Corp. to 9.5%.**

AI Summary

Capital Research Global Investors, a major institutional investor, filed an amended SC 13G/A on February 9, 2024, indicating a change in their beneficial ownership of PAR Technology Corp. common stock as of December 29, 2023. They now beneficially own 2,462,202 shares, representing 9.5% of the company's outstanding common stock. This is a decrease from their previous reported ownership, signaling a reduction in their stake in PAR Technology Corp.

Why It Matters

This filing shows a significant institutional investor has reduced its position in PAR Technology Corp., which could signal a less bullish outlook on the company's future prospects and potentially influence other investors' perceptions.

Risk Assessment

Risk Level: medium — A large institutional investor reducing its stake can sometimes precede further stock price declines if other investors interpret it as a loss of confidence.

Analyst Insight

An investor might consider this a signal to re-evaluate their own position in PAR Technology Corp., potentially looking into the reasons behind Capital Research Global Investors' reduced stake, such as company fundamentals or market outlook, before making any investment decisions.

Key Numbers

• 2,462,202 — Shares Beneficially Owned (This is the total number of PAR Technology Corp. shares Capital Research Global Investors now holds with sole voting and dispositive power.)
• 9.5% — Percentage of Class (This represents the percentage of PAR Technology Corp.'s common stock that Capital Research Global Investors beneficially owns, indicating a decrease from previous filings.)
• December 29, 2023 — Event Date (This is the specific date when the change in ownership occurred that triggered this filing.)

Key Players & Entities

• Capital Research Global Investors (company) — the reporting person who filed the SC 13G/A
• PAR Technology Corp. (company) — the issuer whose common stock is being reported
• 2,462,202 (dollar_amount) — number of shares beneficially owned by Capital Research Global Investors
• 9.5% (dollar_amount) — percentage of PAR Technology Corp. common stock beneficially owned
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Other institutional investors may review their positions in PAR Technology Corp. following Capital Research Global Investors' reduction. (PAR Technology Corp.) — medium confidence, target: Q1 2024
• PAR Technology Corp.'s stock price could experience short-term volatility as the market digests this news. (PAR Technology Corp.) — medium confidence, target: February 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0001422848-24-000079.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4 ) * PAR Technology Corp. (Name of Issuer) Common Stock (Title of Class of Securities) 698884103 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 698884103 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Research Global Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 2,462,202 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 2,462,202 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,462,202 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.8% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer PAR Technology Corp. (b) Address of Issuer's Principal Executive Offices PAR Technology Park, 8383 Seneca Turnpik, New Hartford, NY 13413-4991 Item 2. (a) Name of Person Filing Capital Research Global Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 698884103 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 2,462,202 ** (b) Percent of Class: 8.8% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 2,462,202 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 2,462,202 (iv) shared power to dispose or to direct the disposition of 0 **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 2,462,202 shares or 8.8% of the 28,021,454 shares believed to be outstanding. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased t

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