Reinhart Partners LLC. Has $35.61 Million Holdings in PAR Technology Corporation $PAR

Reinhart Partners LLC. raised its position in shares of PAR Technology Corporation (NYSE:PAR) by 1.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 899,677 shares of the software maker’s stock after buying an additional 15,885 shares during the period. Reinhart Partners LLC.’s holdings in PAR Technology were worth $35,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAR. Huntington National Bank raised its holdings in shares of PAR Technology by 66.2% during the second quarter. Huntington National Bank now owns 437 shares of the software maker’s stock worth $30,000 after acquiring an additional 174 shares in the last quarter. Advisors Asset Management Inc. increased its position in PAR Technology by 68.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock worth $39,000 after purchasing an additional 229 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of PAR Technology during the 3rd quarter worth about $36,000. Farther Finance Advisors LLC lifted its holdings in shares of PAR Technology by 31.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,835 shares of the software maker’s stock valued at $127,000 after buying an additional 438 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of PAR Technology in the 2nd quarter valued at approximately $215,000.

Analyst Upgrades and Downgrades

PAR has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective on shares of PAR Technology in a report on Friday, January 9th. The Goldman Sachs Group dropped their price target on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Weiss Ratings restated a “sell (d-)” rating on shares of PAR Technology in a report on Monday, December 29th. William Blair reaffirmed an “outperform” rating on shares of PAR Technology in a research note on Tuesday, October 14th. Finally, BTIG Research reissued a “buy” rating on shares of PAR Technology in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PAR Technology presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

PAR Technology Price Performance

NYSE PAR opened at $37.06 on Friday. PAR Technology Corporation has a 1 year low of $31.65 and a 1 year high of $75.75. The company has a fifty day simple moving average of $36.25 and a 200 day simple moving average of $45.01. The company has a current ratio of 1.70, a quick ratio of 1.51 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.50 billion, a P/E ratio of -17.32 and a beta of 1.35.

PAR Technology (NYSE:PAR) last announced its earnings results on Thursday, November 6th. The software maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). PAR Technology had a negative return on equity of 2.56% and a negative net margin of 19.21%.The firm had revenue of $119.18 million during the quarter, compared to the consensus estimate of $112.23 million. During the same quarter last year, the business earned ($0.09) EPS. The business’s revenue was up 23.1% compared to the same quarter last year. On average, sell-side analysts predict that PAR Technology Corporation will post -1.47 EPS for the current year.

Insider Transactions at PAR Technology

In related news, CFO Bryan A. Menar sold 6,500 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $35.53, for a total transaction of $230,945.00. Following the completion of the transaction, the chief financial officer owned 71,481 shares of the company’s stock, valued at approximately $2,539,719.93. The trade was a 8.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Voss Capital, Lp bought 146,789 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The shares were acquired at an average price of $36.51 per share, with a total value of $5,359,266.39. Following the purchase, the insider owned 3,564,652 shares in the company, valued at $130,145,444.52. This trade represents a 4.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 196,035 shares of company stock worth $7,103,730 over the last quarter. 3.70% of the stock is currently owned by corporate insiders.

About PAR Technology

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.