Mendota Financial Group LLC Has $170,000 Position in PAR Technology Corporation (NYSE:PAR)

Mendota Financial Group LLC reduced its holdings in PAR Technology Corporation (NYSE:PAR - Free Report) by 94.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,768 shares of the software maker's stock after selling 44,735 shares during the period. PAR Technology comprises 0.2% of Mendota Financial Group LLC's holdings, making the stock its 22nd biggest position. Mendota Financial Group LLC's holdings in PAR Technology were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PAR. The Manufacturers Life Insurance Company grew its holdings in PAR Technology by 1.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock valued at $1,257,000 after purchasing an additional 168 shares during the period. Signaturefd LLC lifted its holdings in shares of PAR Technology by 85.6% in the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after acquiring an additional 279 shares during the last quarter. US Bancorp DE boosted its position in shares of PAR Technology by 104.3% during the fourth quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after buying an additional 341 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in PAR Technology during the fourth quarter worth about $28,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of PAR Technology during the fourth quarter worth $29,000.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of PAR Technology in a research note on Monday, May 12th. The Goldman Sachs Group boosted their price target on PAR Technology from $57.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Wall Street Zen raised PAR Technology to a "sell" rating in a report on Monday, March 3rd. Finally, Citigroup restated a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $79.86.

PAR Technology Price Performance

Shares of NYSE PAR traded down $0.93 on Wednesday, hitting $66.58. The company's stock had a trading volume of 302,407 shares, compared to its average volume of 432,295. PAR Technology Corporation has a 12-month low of $43.50 and a 12-month high of $82.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.05 and a quick ratio of 1.83. The stock has a 50 day moving average of $63.67 and a 200-day moving average of $65.89. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -512.15 and a beta of 1.70.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The software maker reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. PAR Technology had a negative net margin of 2.88% and a negative return on equity of 3.90%. The business had revenue of $103.86 million during the quarter, compared to analyst estimates of $105.16 million. During the same quarter in the previous year, the business posted ($0.36) earnings per share. The company's revenue was up 48.2% on a year-over-year basis. As a group, research analysts predict that PAR Technology Corporation will post -1.47 EPS for the current year.

Insider Activity

In other PAR Technology news, Director Douglas Gregory Rauch sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total value of $69,980.00. Following the sale, the director now directly owns 11,760 shares in the company, valued at approximately $822,964.80. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.70% of the company's stock.

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.