Reinhart Partners LLC. Buys 410,183 Shares of PAR Technology Corporation $PAR

Reinhart Partners LLC. increased its position in PAR Technology Corporation (NYSE:PAR) by 45.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,309,860 shares of the software maker’s stock after buying an additional 410,183 shares during the quarter. Reinhart Partners LLC.’s holdings in PAR Technology were worth $47,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in shares of PAR Technology in the third quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd acquired a new position in shares of PAR Technology in the third quarter valued at approximately $28,000. Central Pacific Bank Trust Division increased its stake in shares of PAR Technology by 50.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the software maker’s stock valued at $109,000 after buying an additional 1,000 shares during the period. Pring Turner Capital Group Inc. increased its stake in shares of PAR Technology by 40.9% in the third quarter. Pring Turner Capital Group Inc. now owns 5,436 shares of the software maker’s stock valued at $215,000 after buying an additional 1,577 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of PAR Technology by 278.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,115 shares of the software maker’s stock valued at $216,000 after buying an additional 2,291 shares during the period.

Wall Street Analyst Weigh In

PAR has been the subject of several recent research reports. Needham & Company LLC lowered their price objective on PAR Technology from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. BTIG Research decreased their target price on shares of PAR Technology from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, February 27th. William Blair reissued an “outperform” rating on shares of PAR Technology in a research report on Friday, March 13th. The Goldman Sachs Group decreased their target price on shares of PAR Technology from $40.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of PAR Technology in a research report on Friday, March 27th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.00.

Insider Activity at PAR Technology

In related news, major shareholder Voss Capital, Lp acquired 125,000 shares of PAR Technology stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $14.62 per share, with a total value of $1,827,500.00. Following the transaction, the insider directly owned 4,775,000 shares in the company, valued at $69,810,500. This represents a 2.69% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by company insiders.

PAR Technology Stock Performance

NYSE:PAR opened at $15.27 on Wednesday. The company has a market capitalization of $630.05 million, a PE ratio of -8.17 and a beta of 1.35. The company has a 50 day simple moving average of $13.99 and a two-hundred day simple moving average of $24.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.83 and a current ratio of 2.10. PAR Technology Corporation has a fifty-two week low of $11.59 and a fifty-two week high of $72.15.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $123.97 million during the quarter, compared to the consensus estimate of $116.88 million. PAR Technology had a negative net margin of 16.04% and a negative return on equity of 2.57%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) EPS. Research analysts anticipate that PAR Technology Corporation will post -0.3 earnings per share for the current year.

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.