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

Reinhart Partners LLC. lessened its stake in PAR Technology Co. (NYSE:PAR - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 746,660 shares of the software maker's stock after selling 200,113 shares during the period. PAR Technology comprises about 2.1% of Reinhart Partners LLC.'s holdings, making the stock its 20th largest holding. Reinhart Partners LLC. owned approximately 1.93% of PAR Technology worth $54,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Progeny 3 Inc. boosted its position in PAR Technology by 10.9% during the 2nd quarter. Progeny 3 Inc. now owns 1,320,858 shares of the software maker's stock valued at $62,199,000 after buying an additional 129,810 shares during the period. Royce & Associates LP lifted its stake in shares of PAR Technology by 2.6% in the 3rd quarter. Royce & Associates LP now owns 1,184,279 shares of the software maker's stock valued at $61,677,000 after purchasing an additional 30,000 shares during the period. Bamco Inc. NY boosted its position in shares of PAR Technology by 15.2% during the third quarter. Bamco Inc. NY now owns 1,170,908 shares of the software maker's stock valued at $60,981,000 after purchasing an additional 154,921 shares in the last quarter. State Street Corp raised its holdings in PAR Technology by 1.2% in the third quarter. State Street Corp now owns 885,338 shares of the software maker's stock worth $46,108,000 after purchasing an additional 10,582 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in PAR Technology by 11.1% during the third quarter. Geode Capital Management LLC now owns 819,035 shares of the software maker's stock valued at $42,664,000 after buying an additional 81,551 shares during the period.

PAR Technology Price Performance

PAR stock traded down $0.48 during mid-day trading on Monday, hitting $67.36. The company had a trading volume of 520,422 shares, compared to its average volume of 433,703. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -269.43 and a beta of 2.21. The company has a 50-day moving average price of $74.40 and a 200 day moving average price of $60.69. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. 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 released its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. The company had revenue of $96.80 million during the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The firm's revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.35) earnings per share. On average, research analysts anticipate that PAR Technology Co. will post -1.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PAR shares. Lake Street Capital lifted their target price on shares of PAR Technology from $57.00 to $77.00 and gave the company a "buy" rating in a report on Monday, November 11th. Craig Hallum raised their target price 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 price objective on PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Stephens raised their target price on PAR Technology from $83.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $79.25.

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.