TheStreet Downgrades PAR Technology (PAR) to D

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

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

NYSE:PAR traded down $2.13 on Thursday, hitting $16.95. The company had a trading volume of 121,912 shares, compared to its average volume of 138,402. PAR Technology has a 52 week low of $7.31 and a 52 week high of $26.40.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in PAR Technology by 37.9% in the 3rd quarter. Wells Fargo & Company MN now owns 16,574 shares of the software maker’s stock valued at $368,000 after acquiring an additional 4,553 shares during the period. Rhumbline Advisers acquired a new position in PAR Technology in the 3rd quarter valued at approximately $208,000. Trexquant Investment LP acquired a new position in PAR Technology in the 3rd quarter valued at approximately $226,000. Bank of New York Mellon Corp increased its position in PAR Technology by 81.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 28,399 shares of the software maker’s stock valued at $502,000 after acquiring an additional 12,758 shares during the period. Finally, Granite Investment Partners LLC increased its position in PAR Technology by 35.6% in the 2nd quarter. Granite Investment Partners LLC now owns 54,822 shares of the software maker’s stock valued at $969,000 after acquiring an additional 14,402 shares during the period. 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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