PAR Technology Corporation $PAR Shares Purchased by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC increased its stake in PAR Technology Corporation by 2.9%, now holding 883,792 shares, making it the 23rd largest position in their investment portfolio.
• The stock's current market cap is $1.72 billion, with a recent trading price of $42.41 and an average price target of $78.43 from analysts.
• PAR Technology reported that its revenue increased by 43.8% year-over-year, despite posting an earnings miss for the latest quarter.

Reinhart Partners LLC. boosted its stake in PAR Technology Corporation (NYSE:PAR - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 883,792 shares of the software maker's stock after purchasing an additional 24,949 shares during the period. PAR Technology makes up about 2.1% of Reinhart Partners LLC.'s investment portfolio, making the stock its 23rd biggest holding. Reinhart Partners LLC. owned approximately 2.18% of PAR Technology worth $61,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PAR. Ameriprise Financial Inc. acquired a new stake in PAR Technology in the 4th quarter valued at $350,000. Deutsche Bank AG increased its holdings in PAR Technology by 97.2% in the 4th quarter. Deutsche Bank AG now owns 38,863 shares of the software maker's stock valued at $2,824,000 after purchasing an additional 19,159 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in PAR Technology by 194.2% in the 4th quarter. Nuveen Asset Management LLC now owns 400,251 shares of the software maker's stock valued at $29,086,000 after purchasing an additional 264,188 shares in the last quarter. ProShare Advisors LLC increased its holdings in PAR Technology by 37.5% in the 4th quarter. ProShare Advisors LLC now owns 9,472 shares of the software maker's stock valued at $688,000 after purchasing an additional 2,582 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new stake in PAR Technology in the 4th quarter valued at $207,000.

PAR Technology Price Performance

Shares of NYSE PAR traded down $0.30 during mid-day trading on Friday, reaching $42.40. 1,014,054 shares of the company traded hands, compared to its average volume of 872,181. PAR Technology Corporation has a fifty-two week low of $41.67 and a fifty-two week high of $82.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 1.49. The firm has a market cap of $1.72 billion, a PE ratio of -18.84 and a beta of 1.64. The stock has a fifty day simple moving average of $55.05 and a 200-day simple moving average of $60.08.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The software maker reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). PAR Technology had a negative net margin of 20.64% and a negative return on equity of 3.16%. The company had revenue of $112.40 million for the quarter, compared to analyst estimates of $111.02 million. During the same quarter in the prior year, the business earned ($0.23) EPS. PAR Technology's revenue was up 43.8% compared to the same quarter last year. Equities research analysts anticipate that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PAR has been the subject of several recent research reports. BTIG Research upgraded PAR Technology from a "neutral" rating to a "buy" rating and set a $65.00 price target for the company in a report on Friday, August 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, July 11th. Finally, Benchmark reduced their price target on shares of PAR Technology from $92.00 to $77.00 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $78.43.

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.