PAR Technology (PAR) Downgraded to D at TheStreet

TheStreet lowered shares of PAR Technology (NYSE:PAR) from a c rating to a d rating in a research note published on Thursday morning.

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

NYSE PAR traded down $2.13 during trading on Thursday, reaching $16.95. The company’s stock had a trading volume of 121,912 shares, compared to its average volume of 138,402. PAR Technology has a 12 month low of $7.31 and a 12 month high of $26.40.

PAR Technology (NYSE:PAR) last posted its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter. The business 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%.

Institutional investors have recently modified their holdings of the company. Royce & Associates LP bought a new stake in shares of PAR Technology during the 2nd quarter worth approximately $354,000. BlackRock Inc. lifted its holdings in shares of PAR Technology by 199.6% during the 2nd quarter. BlackRock Inc. now owns 802,900 shares of the software maker’s stock worth $14,194,000 after acquiring an additional 534,869 shares during the period. Strs Ohio bought a new stake in shares of PAR Technology during the 2nd quarter worth approximately $836,000. Granite Investment Partners LLC lifted its holdings in shares of PAR Technology by 35.6% during the 2nd quarter. Granite Investment Partners LLC now owns 54,822 shares of the software maker’s stock worth $969,000 after acquiring an additional 14,402 shares during the period. Finally, EAM Investors LLC lifted its holdings in shares of PAR Technology by 357.4% during the 2nd quarter. EAM Investors LLC now owns 46,194 shares of the software maker’s stock worth $817,000 after acquiring an additional 36,094 shares during the period. 37.72% of the stock is owned by institutional investors.

About PAR Technology

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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