Here’s Why Wasatch Micro-Cap Fund Sold PAR Technology Corp. (PAR) in Q3

Wasatch Global Investors, an asset management company, released its “Wasatch Micro-Cap Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Microcap stocks reported strong results in the quarter, due to the consistent risk appetite of investors. The fund—Investor Class returned 9.52% in the quarter but lagged the benchmark Russell Microcap® Growth Index’s 19.93% return. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Wasatch Micro-Cap Fund highlighted stocks such as PAR Technology Corporation (NYSE:PAR). PAR Technology Corporation (NYSE:PAR) offers omnichannel cloud-based hardware and software solutions to the restaurant and retail industries. The one-month return of PAR Technology Corporation (NYSE:PAR) was 11.50%, and its shares lost 52.61% of their value over the last 52 weeks. On December 17, 2025, PAR Technology Corporation (NYSE:PAR) stock closed at $35.78 per share, with a market capitalization of $1.45 billion.

Wasatch Micro-Cap Fund stated the following regarding PAR Technology Corporation (NYSE:PAR) in its third quarter 2025 investor letter:

“PAR Technology Corporation (NYSE:PAR) offers restaurants a software platform with modules encompassing point-of-sale, online and mobile ordering, customer loyalty and back-office operations. The company has grown in recent years through a string of acquisitions. In July, PAR reported organic growth for the second quarter that was well below both our and the market’s expectations. We exited the position during the quarter.”

Is PAR Technology Corp. (PAR) the Hot Tech Stock to Buy Right Now?

PAR Technology Corporation (NYSE:PAR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 24 hedge fund portfolios held PAR Technology Corporation (NYSE:PAR) at the end of the third quarter, compared to 28 in the previous quarter.  PAR Technology Corporation’s (NYSE:PAR) third quarter revenue increased nearly 23% to $119 million. PAR Technology Corporation’s (NYSE:PAR) third quarter revenue increased nearly 23% to $119 million. While we acknowledge the risk and potential of PAR Technology Corporation (NYSE:PAR) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PAR TECHNOLOGY CORPORATION (NYSE:PAR) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered PAR Technology Corporation (NYSE:PAR) and shared the list of best falling stocks to buy according to Wall Street analysts. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.