ValuEngine Downgrades PAR Technology (PAR) to Hold
ValuEngine cut shares of PAR Technology (NYSE:PAR) from a buy rating to a hold rating in a report issued on Friday morning.
Shares of PAR Technology (NYSE:PAR) traded down $0.07 during midday trading on Friday, reaching $8.66. The company had a trading volume of 38,900 shares, compared to its average volume of 51,148. PAR Technology has a 1 year low of $5.09 and a 1 year high of $11.79. The firm has a market capitalization of $138.62, a PE ratio of 23.59 and a beta of -0.15.
A number of hedge funds and other institutional investors have recently modified their holdings of PAR. Granite Investment Partners LLC acquired a new stake in shares of PAR Technology in the second quarter valued at approximately $1,451,000. Friedberg Investment Management acquired a new stake in shares of PAR Technology in the second quarter valued at approximately $810,000. EAM Investors LLC bought a new position in shares of PAR Technology during the second quarter worth approximately $565,000. Algert Global LLC increased its stake in shares of PAR Technology by 65.8% during the third quarter. Algert Global LLC now owns 134,077 shares of the software maker’s stock worth $1,400,000 after purchasing an additional 53,213 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of PAR Technology by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 830,566 shares of the software maker’s stock worth $7,085,000 after purchasing an additional 39,345 shares during the period. 26.56% of the stock is owned by hedge funds and other institutional investors.
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PAR Technology Corporation (PAR) is a provider of systems and service solutions for the hospitality industry. The Company operates through two segments: Hospitality and Government. The solutions for the restaurant industry integrate software applications, hardware platforms, software delivery, and installation and lifecycle support services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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