Mendota Financial Group LLC Sells 44,735 Shares of PAR Technology Corporation (NYSE:PAR)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in PAR Technology during the 4th quarter valued at $1,796,000. Ameriprise Financial Inc. bought a new position in shares of PAR Technology in the fourth quarter worth $350,000. Deutsche Bank AG increased its holdings in shares of PAR Technology by 97.2% in the fourth quarter. Deutsche Bank AG now owns 38,863 shares of the software maker's stock worth $2,824,000 after purchasing an additional 19,159 shares during the period. Principal Financial Group Inc. bought a new position in shares of PAR Technology in the fourth quarter worth $205,000. Finally, LPL Financial LLC increased its holdings in shares of PAR Technology by 201.4% in the fourth quarter. LPL Financial LLC now owns 88,991 shares of the software maker's stock worth $6,467,000 after purchasing an additional 59,469 shares during the period.

PAR Technology Stock Up 0.6%

PAR opened at $63.37 on Friday. The stock has a market cap of $2.57 billion, a PE ratio of -487.44 and a beta of 1.70. The company has a quick ratio of 1.83, a current ratio of 2.05 and a debt-to-equity ratio of 0.46. PAR Technology Corporation has a 52 week low of $41.86 and a 52 week high of $82.24. The business's fifty day simple moving average is $63.03 and its 200 day simple moving average is $66.05.

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

Insider Buying and Selling at PAR Technology

In other PAR Technology news, Director Douglas Gregory Rauch sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $69.98, for a total transaction of $69,980.00. Following the completion of the sale, the director now directly owns 11,760 shares in the company, valued at $822,964.80. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of PAR Technology in a report on Monday, May 12th. Stephens reaffirmed an "overweight" rating and issued a $90.00 price target on shares of PAR Technology in a report on Friday, February 28th. Benchmark reaffirmed a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. Citigroup reaffirmed a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, The Goldman Sachs Group upped their price target on shares of PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PAR Technology presently has an average rating of "Moderate Buy" and a consensus price target of $79.86.

About PAR Technology

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.

Want to see what other hedge funds are holding PAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PAR Technology Corporation (NYSE:PAR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.