SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 7.1% Stake in PAR Technology Corp

FMR LLC and its affiliates, along with Abigail P. Johnson, have disclosed a beneficial ownership of 7.1% of PAR Technology Corp's common stock as of March 31, 2025, held in the ordinary course of business.

Summary

• FMR LLC and Abigail P. Johnson reported beneficial ownership of 2,879,542.97 shares of PAR Technology Corp's common stock.
• This ownership represents 7.1% of the total outstanding common stock of PAR Technology Corp.
• The ownership stake was determined as of March 31, 2025.
• FMR LLC holds sole voting power over 2,878,121.83 shares and sole dispositive power over 2,879,542.97 shares.
• Abigail P. Johnson holds sole dispositive power over 2,879,542.97 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of PAR Technology Corp.
• FMR LLC is classified as a parent holding company, with several subsidiaries identified as investment advisers or banks, including Fidelity Management & Research Company LLC which beneficially owns 5% or greater of the outstanding shares.
• Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, and a predominant owner of FMR LLC's voting shares, is deemed part of a controlling group with respect to FMR LLC.

Sentiment

Score: 5

Explanation: The document is a routine beneficial ownership filing (Schedule 13G) by an institutional investor, disclosing a passive stake. It contains no positive or negative operational or financial news about the issuer, PAR Technology Corp, nor does it suggest any strategic intent beyond ordinary course investment.

Positives

• A major institutional investor, FMR LLC, maintains a significant stake in PAR Technology Corp, potentially indicating confidence in the company.
• The filing explicitly states the shares are held in the ordinary course of business and not for control purposes, suggesting a passive investment stance.

Risks

• The document states that the securities were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer, which mitigates a potential risk of activist investor intervention.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

This filing is a standard disclosure of a significant passive ownership stake by a major institutional investment firm, FMR LLC, in PAR Technology Corp. It does not provide insights into broader industry trends or competitive dynamics beyond the fact that a large asset manager sees value in holding shares of a company in this sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake, which can be viewed as a vote of confidence from a major investor.
• Management: Awareness of a large, passive institutional holder, which typically implies less immediate pressure for strategic changes compared to an activist stake.

Key Dates

Keywords

PAR Technology Corp, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Equity Stake, SEC Filing