ValuEngine Lowers PAR Technology (PAR) to Hold

PAR Technology (NYSE:PAR) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Shares of PAR Technology (NYSE:PAR) remained flat at $$8.73 during mid-day trading on Friday. 138,726 shares of the stock traded hands, compared to its average volume of 73,886. The company has a market capitalization of $139.91, a P/E ratio of 23.57 and a beta of -0.05. PAR Technology has a one year low of $5.09 and a one year high of $11.79.

Several hedge funds have recently made changes to their positions in PAR. Eagle Global Advisors LLC bought a new stake in PAR Technology during the 2nd quarter worth approximately $142,000. GSA Capital Partners LLP bought a new stake in PAR Technology during the 2nd quarter worth approximately $164,000. Northern Trust Corp increased its stake in PAR Technology by 15.1% during the 2nd quarter. Northern Trust Corp now owns 50,296 shares of the software maker’s stock worth $428,000 after purchasing an additional 6,597 shares in the last quarter. EAM Investors LLC bought a new stake in PAR Technology during the 2nd quarter worth approximately $565,000. Finally, Algert Global LLC increased its stake in PAR Technology by 57.7% during the 2nd quarter. Algert Global LLC now owns 80,864 shares of the software maker’s stock worth $688,000 after purchasing an additional 29,602 shares in the last quarter. 26.56% of the stock is owned by 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.

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

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