Mendota Financial Group LLC Lowers Stock Holdings in PAR Technology Co. (NYSE:PAR)

Mendota Financial Group LLC lessened its stake in PAR Technology Co. (NYSE:PAR) by 52.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,503 shares of the software maker’s stock after selling 52,797 shares during the period. PAR Technology accounts for about 2.2% of Mendota Financial Group LLC’s holdings, making the stock its 12th biggest position. Mendota Financial Group LLC’s holdings in PAR Technology were worth $3,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in shares of PAR Technology by 5.1% during the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock worth $236,000 after acquiring an additional 219 shares during the period. Amalgamated Bank boosted its holdings in PAR Technology by 25.5% in the 2nd quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after purchasing an additional 237 shares in the last quarter. Inspire Investing LLC increased its position in PAR Technology by 6.1% during the 3rd quarter. Inspire Investing LLC now owns 7,935 shares of the software maker’s stock worth $413,000 after purchasing an additional 454 shares during the period. RiverPark Advisors LLC raised its stake in shares of PAR Technology by 21.3% during the 3rd quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after buying an additional 865 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of PAR Technology by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 15,968 shares of the software maker’s stock valued at $903,000 after buying an additional 932 shares during the period.

PAR Technology Stock Down 0.7 %

Shares of NYSE PAR opened at $67.36 on Tuesday. The firm’s 50-day moving average is $74.53 and its two-hundred day moving average is $60.84. The company has a market capitalization of $2.61 billion, a PE ratio of -269.43 and a beta of 2.21. PAR Technology Co. has a 12-month low of $37.74 and a 12-month high of $82.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91.

PAR Technology (NYSE:PAR) last posted its earnings results on Friday, November 8th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. PAR Technology’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.35) EPS. Equities analysts anticipate that PAR Technology Co. will post -1.47 EPS for the current fiscal year.

Analyst Ratings Changes

PAR has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on PAR Technology from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Benchmark increased their price target on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Craig Hallum raised their price objective on shares of PAR Technology from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Lake Street Capital upped their target price on shares of PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of PAR Technology in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.25.

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.