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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About PAR Technology

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.

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