TheStreet Lowers PAR Technology (PAR) to D

TheStreet lowered shares of PAR Technology (NYSE:PAR) from a c rating to a d rating in a research report released on Thursday morning.

Separately, ValuEngine cut shares of PAR Technology from a buy rating to a hold rating in a research note on Thursday, November 1st.

PAR Technology stock opened at $16.95 on Thursday. PAR Technology has a 52 week low of $7.31 and a 52 week high of $26.40.

PAR Technology (NYSE:PAR) last announced its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter. PAR Technology had a negative return on equity of 1.63% and a negative net margin of 11.06%. The business had revenue of $46.36 million during the quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of PAR Technology by 199.6% in the 2nd quarter. BlackRock Inc. now owns 802,900 shares of the software maker’s stock valued at $14,194,000 after purchasing an additional 534,869 shares in the last quarter. Northern Trust Corp increased its stake in shares of PAR Technology by 215.1% in the 2nd quarter. Northern Trust Corp now owns 146,871 shares of the software maker’s stock valued at $2,596,000 after acquiring an additional 100,259 shares during the last quarter. Millennium Management LLC increased its stake in shares of PAR Technology by 371.8% in the 1st quarter. Millennium Management LLC now owns 70,491 shares of the software maker’s stock valued at $993,000 after acquiring an additional 55,551 shares during the last quarter. Granite Investment Partners LLC increased its stake in PAR Technology by 35.6% during the 2nd quarter. Granite Investment Partners LLC now owns 54,822 shares of the software maker’s stock worth $969,000 after purchasing an additional 14,402 shares in the last quarter. Finally, Strs Ohio bought a new stake in PAR Technology during the 2nd quarter worth approximately $836,000. Hedge funds and other 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.

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