Reinhart Partners LLC. Has $52.68 Million Stock Holdings in PAR Technology Co. (NYSE:PAR)

Reinhart Partners LLC. increased its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 858,843 shares of the software maker's stock after acquiring an additional 112,183 shares during the period. PAR Technology comprises about 1.9% of Reinhart Partners LLC.'s holdings, making the stock its 24th largest holding. Reinhart Partners LLC. owned approximately 2.14% of PAR Technology worth $52,681,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PAR. The Manufacturers Life Insurance Company raised its stake in shares of PAR Technology by 1.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock worth $1,257,000 after purchasing an additional 168 shares in the last quarter. Signaturefd LLC raised its stake in shares of PAR Technology by 85.6% during the 4th quarter. Signaturefd LLC now owns 605 shares of the software maker's stock worth $44,000 after purchasing an additional 279 shares in the last quarter. US Bancorp DE raised its stake in shares of PAR Technology by 104.3% during the 4th quarter. US Bancorp DE now owns 668 shares of the software maker's stock worth $49,000 after purchasing an additional 341 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of PAR Technology by 7.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,966 shares of the software maker's stock worth $361,000 after purchasing an additional 343 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of PAR Technology during the 4th quarter worth about $28,000.

PAR Technology Stock Performance

NYSE PAR traded down $1.43 during trading on Tuesday, hitting $66.12. The company's stock had a trading volume of 210,131 shares, compared to its average volume of 433,770. The company has a quick ratio of 1.91, a current ratio of 2.13 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average price of $61.57 and a 200 day moving average price of $66.95. The firm has a market cap of $2.68 billion, a P/E ratio of -264.47 and a beta of 1.70. PAR Technology Co. has a 52 week low of $41.86 and a 52 week high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The company had revenue of $103.86 million for the quarter, compared to the consensus estimate of $105.16 million. During the same period in the previous year, the business posted ($0.36) EPS. The company's revenue for the quarter was up 48.2% on a year-over-year basis. Equities research analysts forecast that PAR Technology Co. will post -1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PAR. Wall Street Zen raised PAR Technology to a "sell" rating in a research note on Monday, March 3rd. Craig Hallum reaffirmed a "buy" rating on shares of PAR Technology in a research note on Friday, February 28th. Stephens reaffirmed an "overweight" rating and set a $90.00 price target on shares of PAR Technology in a research note on Friday, February 28th. Citigroup reiterated a "neutral" rating on shares of PAR Technology in a report on Friday, February 28th. Finally, Benchmark reiterated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, PAR Technology has a consensus rating of "Moderate Buy" and an average price target of $79.86.

Insider Buying and Selling at PAR Technology

In other news, Director Douglas Gregory Rauch sold 1,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $69.98, for a total transaction of $69,980.00. Following the sale, the director now owns 11,760 shares in the company, valued at approximately $822,964.80. This represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.70% of the company's stock.

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.