PAR Technology Co. (NYSE:PAR) Stock Holdings Lessened by Reinhart Partners LLC.

Reinhart Partners LLC. trimmed its stake in PAR Technology Co. (NYSE:PAR) by 21.1% in the fourth quarter, Holdings Channel.com reports. 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 holding. Reinhart Partners LLC.’s holdings in PAR Technology were worth $54,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Amalgamated Bank grew its holdings in PAR Technology by 25.5% during the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after purchasing an additional 237 shares during the last quarter. nVerses Capital LLC bought a new position in PAR Technology during the third quarter worth $125,000. Principal Financial Group Inc. bought a new position in PAR Technology during the second quarter worth $211,000. Victory Capital Management Inc. increased its position in 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 acquiring an additional 219 shares during the period. Finally, RiverPark Advisors LLC increased its position in 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 acquiring an additional 865 shares during the period.

PAR Technology Trading Down 0.9 %

NYSE:PAR traded down $0.64 on Monday, hitting $67.20. 333,678 shares of the stock were exchanged, compared to its average volume of 404,037. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -268.79 and a beta of 2.21. PAR Technology Co. has a 52 week low of $37.74 and a 52 week 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 company’s 50-day moving average price is $74.40 and its 200 day moving average price is $60.69.

PAR Technology (NYSE:PAR) 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. The company had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology’s revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.35) EPS. On average, equities research analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PAR shares. StockNews.com raised shares of PAR Technology to a “sell” rating in a research report on Thursday, November 7th. Benchmark lifted their price target on shares of PAR Technology from $69.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Stephens lifted their price target on shares of PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Lake Street Capital lifted their price target on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group lifted their price target on shares of PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, PAR Technology presently has a consensus rating of “Moderate Buy” and a consensus price target 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.