PAR Technology (PAR) Rating Lowered to Hold at ValuEngine

ValuEngine downgraded shares of PAR Technology (NYSE:PAR) from a buy rating to a hold rating in a report published on Thursday.

Shares of PAR traded down $0.79 during trading hours on Thursday, reaching $18.27. The stock had a trading volume of 1,332 shares, compared to its average volume of 158,376. PAR Technology has a 12 month low of $7.31 and a 12 month high of $26.40.

PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Wednesday, August 8th. The software maker reported ($0.04) EPS for the quarter. PAR Technology had a negative net margin of 3.79% and a negative return on equity of 1.39%. The firm had revenue of $52.57 million during the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP bought a new position in PAR Technology during the 2nd quarter worth $354,000. Wells Fargo & Company MN raised its position in PAR Technology by 37.9% during the 3rd quarter. Wells Fargo & Company MN now owns 16,574 shares of the software maker’s stock worth $368,000 after purchasing an additional 4,553 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in PAR Technology during the 2nd quarter worth $375,000. Bank of New York Mellon Corp raised its position in PAR Technology by 81.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 28,399 shares of the software maker’s stock worth $502,000 after purchasing an additional 12,758 shares during the last quarter. Finally, EAM Investors LLC raised its position in PAR Technology by 357.4% during the 2nd quarter. EAM Investors LLC now owns 46,194 shares of the software maker’s stock worth $817,000 after purchasing an additional 36,094 shares during the last quarter. Institutional investors own 37.72% of the company’s stock.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers cloud and on-premise software applications and hardware platforms, as well as related installation, technical, and maintenance support services.

Read More: Preferred Stock

To view ValuEngine’s full report, visit ValuEngine’s official website.

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