PAR Technology Co. (NYSE:PAR) Shares Acquired by Reinhart Partners LLC.

Reinhart Partners LLC. grew its stake in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 946,773 shares of the software maker's stock after buying an additional 57,049 shares during the period. PAR Technology accounts for 1.9% of Reinhart Partners LLC.'s portfolio, making the stock its 21st biggest holding. Reinhart Partners LLC. owned 2.79% of PAR Technology worth $49,308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PAR. Capital Research Global Investors lifted its holdings in PAR Technology by 43.4% in the 1st quarter. Capital Research Global Investors now owns 3,530,843 shares of the software maker's stock worth $155,670,000 after purchasing an additional 1,068,641 shares in the last quarter. Progeny 3 Inc. increased its stake in PAR Technology by 47.1% in the 1st quarter. Progeny 3 Inc. now owns 1,191,048 shares of the software maker's stock worth $54,026,000 after acquiring an additional 381,232 shares during the last quarter. Wasatch Advisors LP bought a new stake in PAR Technology in the 1st quarter worth approximately $10,194,000. Vanguard Group Inc. increased its stake in PAR Technology by 9.0% in the 4th quarter. Vanguard Group Inc. now owns 2,108,590 shares of the software maker's stock worth $91,808,000 after acquiring an additional 173,575 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new stake in PAR Technology in the 1st quarter worth approximately $4,354,000.

Analyst Ratings Changes

A number of research firms have issued reports on PAR. The Goldman Sachs Group lifted their price objective on PAR Technology from $45.00 to $51.00 and gave the stock a "neutral" rating in a research note on Monday, July 22nd. Benchmark restated a "buy" rating and set a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. StockNews.com upgraded PAR Technology to a "sell" rating in a report on Wednesday, September 18th. Jefferies Financial Group upgraded PAR Technology from a "hold" rating to a "buy" rating and increased their price target for the company from $45.00 to $60.00 in a report on Monday, August 12th. Finally, Needham & Company LLC increased their price target on PAR Technology from $60.00 to $66.00 and gave the company a "buy" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.17.

PAR Technology Trading Up 0.6 %

PAR stock traded up $0.32 during midday trading on Friday, reaching $56.62. The company's stock had a trading volume of 551,476 shares, compared to its average volume of 333,847. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.80 and a current ratio of 3.12. The stock has a fifty day simple moving average of $53.30 and a two-hundred day simple moving average of $48.43. PAR Technology Co. has a 1 year low of $28.21 and a 1 year high of $58.57. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -22.03 and a beta of 2.16.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The firm had revenue of $78.20 million for the quarter, compared to analysts' expectations of $115.14 million. PAR Technology had a net margin of 0.44% and a negative return on equity of 10.93%. The business's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.65) EPS. On average, equities research analysts predict that PAR Technology Co. will post -1.67 EPS for the current year.

PAR Technology 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.