Mendota Financial Group LLC Lowers Position in PAR Technology Co. (NYSE:PAR)

Mendota Financial Group LLC trimmed its position in PAR Technology Co. (NYSE:PAR - Free Report) by 52.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,503 shares of the software maker's stock after selling 52,797 shares during the period. PAR Technology makes up approximately 2.2% of Mendota Financial Group LLC's portfolio, making the stock its 12th biggest position. Mendota Financial Group LLC owned approximately 0.12% of PAR Technology worth $3,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of PAR Technology during the second quarter worth about $211,000. Commonwealth Equity Services LLC increased its holdings in PAR Technology by 13.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,750 shares of the software maker's stock worth $553,000 after purchasing an additional 1,355 shares in the last quarter. Rhumbline Advisers raised its stake in shares of PAR Technology by 8.9% in the second quarter. Rhumbline Advisers now owns 50,423 shares of the software maker's stock worth $2,374,000 after purchasing an additional 4,124 shares during the last quarter. Arizona State Retirement System raised its stake in shares of PAR Technology by 23.4% in the second quarter. Arizona State Retirement System now owns 9,502 shares of the software maker's stock worth $447,000 after purchasing an additional 1,801 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of PAR Technology by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 589,839 shares of the software maker's stock valued at $27,775,000 after purchasing an additional 9,972 shares in the last quarter.

PAR Technology Stock Performance

NYSE PAR traded up $4.33 during trading on Tuesday, hitting $71.86. 687,743 shares of the company's stock traded hands, compared to its average volume of 465,455. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of -287.43 and a beta of 2.21. 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 business has a 50 day moving average of $74.53 and a 200-day moving average of $60.84. PAR Technology Co. has a 12-month low of $37.74 and a 12-month high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $91.01 million. During the same period in the prior year, the company posted ($0.35) EPS. PAR Technology's revenue was down 9.6% compared to the same quarter last year. As a group, equities research analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on PAR. StockNews.com raised PAR Technology to a "sell" rating in a research report on Thursday, November 7th. Craig Hallum boosted their price target on shares of PAR Technology from $65.00 to $85.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Benchmark lifted 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. Stephens upped their target price on PAR Technology from $83.00 to $90.00 and gave the company an "overweight" rating in a report on Tuesday, November 26th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of PAR Technology in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $79.25.

About PAR Technology

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.