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

Mendota Financial Group LLC cut its position in shares of PAR Technology Co. (NYSE:PAR) by 52.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,503 shares of the software maker’s stock after selling 52,797 shares during the period. PAR Technology makes up 2.2% of Mendota Financial Group LLC’s holdings, making the stock its 12th biggest holding. Mendota Financial Group LLC owned 0.12% of PAR Technology worth $3,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amalgamated Bank lifted its position in PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock valued at $55,000 after buying an additional 237 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of PAR Technology during the 3rd quarter worth approximately $125,000. Principal Financial Group Inc. acquired a new stake in PAR Technology in the 2nd quarter valued at approximately $211,000. Victory Capital Management Inc. raised its position in PAR Technology by 5.1% in the third quarter. Victory Capital Management Inc. now owns 4,524 shares of the software maker’s stock valued at $236,000 after purchasing an additional 219 shares during the period. Finally, RiverPark Advisors LLC lifted its stake in PAR Technology by 21.3% during the third quarter. RiverPark Advisors LLC now owns 4,929 shares of the software maker’s stock worth $257,000 after purchasing an additional 865 shares in the last quarter.

PAR Technology Price Performance

PAR Technology stock opened at $67.36 on Tuesday. The stock has a market cap of $2.61 billion, a P/E ratio of -269.43 and a beta of 2.21. The company has a fifty day simple moving average of $74.53 and a 200-day simple moving average of $60.84. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. PAR Technology Co. has a 12-month low of $37.74 and a 12-month high of $82.24.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PAR. Stephens increased their target price on PAR Technology from $83.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. StockNews.com raised shares of PAR Technology to a “sell” rating in a research note on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of PAR Technology in a research note on Friday, January 3rd. Benchmark raised their price target on shares of PAR Technology from $69.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Lake Street Capital upped their price objective on PAR Technology from $57.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.25.

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.