Reinhart Partners LLC. Lowers Position in PAR Technology Co. (NYSE:PAR)

Reinhart Partners LLC. trimmed its stake in PAR Technology Co. (NYSE:PAR) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 746,660 shares of the software maker’s stock after selling 200,113 shares during the quarter. PAR Technology comprises 2.1% of Reinhart Partners LLC.’s portfolio, making the stock its 20th largest position. Reinhart Partners LLC. owned about 1.93% of PAR Technology worth $54,260,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PAR. Amalgamated Bank grew its stake in PAR Technology by 25.5% during the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after buying an additional 237 shares during the period. nVerses Capital LLC acquired a new position in shares of PAR Technology during the third quarter worth $125,000. Principal Financial Group Inc. acquired a new position in shares of PAR Technology during the second quarter worth $211,000. Victory Capital Management Inc. lifted its position in shares of PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after purchasing an additional 219 shares in the last quarter. Finally, RiverPark Advisors LLC lifted its position in shares of PAR Technology by 21.3% during the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after purchasing an additional 865 shares in the last quarter.

PAR Technology Price Performance

NYSE PAR traded down $0.64 on Monday, reaching $67.20. The company’s stock had a trading volume of 333,678 shares, compared to its average volume of 404,037. PAR Technology Co. has a twelve month low of $37.74 and a twelve month high of $82.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.13. The stock has a market cap of $2.60 billion, a PE ratio of -268.79 and a beta of 2.21. The firm’s 50 day moving average is $74.40 and its two-hundred day moving average is $60.69.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The company had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. During the same period in the prior year, the firm earned ($0.35) earnings per share. The business’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, sell-side analysts predict that PAR Technology Co. will post -1.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PAR shares. Benchmark boosted their target price on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Craig Hallum boosted their target price on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group boosted their target price on shares of PAR Technology from $71.00 to $79.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Lake Street Capital boosted their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Stephens boosted their target price on shares of PAR Technology from $83.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.