PAR Technology (PAR) Downgraded by TheStreet
Separately, ValuEngine downgraded shares of PAR Technology from a buy rating to a hold rating in a report on Thursday, November 1st.
Shares of PAR opened at $16.95 on Thursday. PAR Technology has a fifty-two week low of $7.31 and a fifty-two week high of $26.40.
A number of hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted 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 buying an additional 4,553 shares during the period. Rhumbline Advisers purchased a new stake in PAR Technology in the third quarter valued at $208,000. Trexquant Investment LP purchased a new stake in PAR Technology in the third quarter valued at $226,000. Bank of New York Mellon Corp increased its stake in PAR Technology by 81.6% in the second quarter. Bank of New York Mellon Corp now owns 28,399 shares of the software maker’s stock valued at $502,000 after purchasing an additional 12,758 shares during the period. Finally, Granite Investment Partners LLC increased its stake in PAR Technology by 35.6% in the second quarter. Granite Investment Partners LLC now owns 54,822 shares of the software maker’s stock valued at $969,000 after purchasing an additional 14,402 shares during the period. 37.72% of the stock is owned by institutional investors.
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.
See Also: Cash Flow
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