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                            UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                             SCHEDULE13G


              Under the Securities Exchange Act of 1934

                       (Amendment No__3__)*

                      PAR TECHNOLOGY CORPORATION
---------------------------------------------------------------------

                           (Name of Issuer)

                                Common
---------------------------------------------------------------------

                    (Title of Class of Securities)

                              698884103
                          -----------------
                            (CUSIP Number)


Check the appropriate box to designate the rule pursuant to which

this Schedule is filed:

    /x/ Rule 13d-1(b)
    /x/ 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 shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("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).

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.
SEC 1745 (3-98)
                           Page 1 of 9
                                



CUSIP No. 698884103
--------------------

    1.  Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only)
       
        WEDBUSH, Inc.
--------------------------------------------------------------------- 
   2.   Check the Appropriate Box if a Member of a Group 
   	(See Instructions)

       (a) /x/
       (b) / /
---------------------------------------------------------------------
   3.   SEC Use Only
---------------------------------------------------------------------
   4.   Citizenship or Place of Organization
      
        California
---------------------------------------------------------------------
     Number of Shares  5. Sole Voting Power                   340,449
     Beneficially by   ----------------------------------------------
     Owned by Each     6. Shared Voting Power                 517,069
     Reporting         ----------------------------------------------
     Person With:      7. Sole Dispositive Power              340,449
                       ----------------------------------------------
                       8.Shared Dispositive Power             559,969

---------------------------------------------------------------------
   9.  Aggregate Amount Beneficially Owned by Each Reporting Person
      
       559,969
---------------------------------------------------------------------
   10.  Check if the Aggregate Amount in Row (9) Excludes Certain
        Shares (See Instructions)
   
        /x/
---------------------------------------------------------------------
   11.  Percent of Class Represented by Amount in Row (9)
   
        6.2%
---------------------------------------------------------------------
   12.  Type of Reporting Person (See Instructions)

---------------------------------------------------------------------
        CO




                           Page 2 of 9
                                


CUSIP No. 698884103
--------------------

    1.   Names of Reporting Persons.
         I.R.S. Identification Nos. of above persons (entities only)
       
         Edward W. Wedbush
---------------------------------------------------------------------
   2.   Check the Appropriate Box if a Member of a Group 
        (See Instructions)

        (a) /x/
        (b) / /
---------------------------------------------------------------------
   3.   SEC Use Only
---------------------------------------------------------------------
   4.   Citizenship or Place of Organization
      
        United States of America
---------------------------------------------------------------------
     Number of Shares     5. Sole Voting Power           164,470
     Beneficially by   ----------------------------------------------
     Owned by Each        6. Shared Voting Power         517,069
     Reporting         ----------------------------------------------
     Person With:         7. Sole Dispositive Power      164,470
                       ----------------------------------------------
                          8.Shared Dispositive Power     559,969

---------------------------------------------------------------------
   9.   Aggregate Amount Beneficially Owned by Each Reporting Person
      
        559,969
---------------------------------------------------------------------
   10.  Check if the Aggregate Amount in Row (9) Excludes Certain 
        Shares (See Instructions)
  
        /x/
---------------------------------------------------------------------
   11.  Percent of Class Represented by Amount in Row (9)
   
        6.2%
---------------------------------------------------------------------
   12.  Type of Reporting Person (See Instructions)

---------------------------------------------------------------------
        IN




                           Page 3 of 9
                                


CUSIP No. 698884103
--------------------

    1.   Names of Reporting Persons.
         I.R.S. Identification Nos. of above persons (entities only)
       
         Wedbush Morgan Securities, Inc.
---------------------------------------------------------------------
   2.    Check the Appropriate Box if a Member of a Group 
         (See Instructions)

          (a) /x/
          (b) / /
---------------------------------------------------------------------
   3.   SEC Use Only
---------------------------------------------------------------------
   6.   Citizenship or Place of Organization
      
        California
---------------------------------------------------------------------
     Number of Shares    5. Sole Voting Power              11,900
     Beneficially by   ----------------------------------------------
     Owned by Each       6. Shared Voting Power           517,069
     Reporting         ----------------------------------------------
     Person With:        7. Sole Dispositive Power         11,900
                       ----------------------------------------------
                         8.Shared Dispositive Power       559,969

---------------------------------------------------------------------
   9.   Aggregate Amount Beneficially Owned by Each Reporting Person
      
        559,969
---------------------------------------------------------------------
   10.  Check if the Aggregate Amount in Row (9) Excludes Certain
        Shares (See Instructions)
   
        /x/
---------------------------------------------------------------------
   11.  Percent of Class Represented by Amount in Row (9)
   
        6.2%
---------------------------------------------------------------------
   12.  Type of Reporting Person (See Instructions)
---------------------------------------------------------------------

        BD




                           Page 4 of 9
                                
    
    
    
    
    
Cusip No. 698884103           PAR TECHNOLOGY CORPORATION 

---------------------------------------------------------------------

Item 1. Name and Address of Issuer.

(a)   This statement relates to the shares of the common stock of
      PAR TECHNOLOGY CORPORATION ("Issuer").

(b)   Issuer's address: 8383 Seneca Turnpike
      New Hartford, NY  13413-4991


Item 2. Filers

(a)   This statement is filed by WEDBUSH, Inc. ("WI"),
      Edward W. Wedbush ("EWW") and Wedbush Morgan Securities,
      Inc. ("WMS").

(b)   Business address of the above filers are as follows:
      WI - 1000 Wilshire Blvd., Los Angeles, CA 90017-2457
      EWW - P.O. Box 30014, Los Angeles, CA 90030-0014
      WMS - P.O. Box 30014, Los Angeles, CA 90030-0014

(c)   WI is a California corporation. EWW is a citizen of the
      United States of America.  WMS is a California corporation.

(d)   Common stock

(e)   698884103

Item 3. Classification of Filers

(a)        WMS is a broker/dealer

(b) - (j)       Not applicable

(g)             WI is a control person





                             Page 5 of 9



                         

Item 4. Ownership

(a)   WI has sole ownership of 340,449 Shares of the Issuer; 
      EWW has sole ownership of 164,470 Shares; and WMS has sole 
      ownership of 11,900 Shares.

(b)   Of the Shares outstanding, WI owns approximately 3.78%;
      EWW owns approximately 1.83%; and WMS owns approximately 0.13%.

(c)   Number of Shares as to which the filer has:

      (i)   Sole power to vote:  WI has sole power to vote on
            340,449 Shares; EWW has 164,470 sole Shares; and WMS 
            has 11,900 sole Shares.

      (ii)  Shared power to vote: WI has 517,069 Shares; EWW 
            has 517,069 Shares; and WMS has 517,069 Shares.

      (iii) Sole power to dispose: WI has sole power to
            dispose on 340,449 Shares; EWW has 164,470 Shares 
            to dispose; and WMS has 11,900 Shares to dispose.

      (iv)  Shared power to dispose;  WI has 559,969 Shares; 
            EWW has 559,969 Shares; WMS has 559,969 Shares.

Item 5. Ownership of Five Percent or Less of a Class.

     	Not applicable.

Item 6. Ownership of More Than Five Percent on Behalf of Another.

        Not applicable.

Item 7. Identification and Classification of Subsidiary which
        Acquired the Securities Being Reported on by the Parent 
        Holding Company.

     	Not Applicable.

                             Page 6 of 9



                         
                                
Item 8.     Identification and Classification of Members of a Group.

Name                           Category    No.ofShares     Percentage

WEDBUSH, Inc.                     CO         340,449         3.78%
Edward W. Wedbush                 IN         164,470         1.83%
Wedbush Morgan Securities, Inc.   BD          11,900         0.13%

EWW is the Chairman of WI.  EWW owns a majority of the outstanding
Shares of WI.  EWW is the President of WMS.  WI owns a majority of
the shares of WMS. Accordingly, EWW may be deemed the beneficial
owner of the Issuer's Shares owned by WI. However, beneficial
ownership of the Issuer's Shares is hereby disclaimed by EWW.



Item 9.     Notice of Dissolution of Group.

            Not applicable.
         
                             Page 7 of 9


                          
Item 10.  Certification

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the Issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.

                              Signature

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.

                        WEDBUSH, Inc.


1/28/05
---------------------------
Date

ERIC D. WEDBUSH
------------------
Eric D. Wedbush
---------------------------
Signature

ERIC D. WEDBUSH
------------------
Eric D. Wedbush/ President
---------------------------
Name/Title


         Edward W. Wedbush


1/28/05
---------------------------
Date

EDWARD W. WEDBUSH
------------------
Edward W. Wedbush
---------------------------
Signature

EDWARD W. WEDBUSH
------------------
Edward W. Wedbush
---------------------------
Name/Title

                             Page 8 of 9


                           

        Wedbush Morgan Securities, Inc.

                                

1/28/05
---------------------------
Date

EDWARD W. WEDBUSH
------------------
Edward W. Wedbush
---------------------------
Signature


Edward W. Wedbush/ President
---------------------------
Name/Title
 
                             Page 9 of 9