TheStreet Downgrades PAR Technology (PAR) to D

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PAR Technology (NYSE:PAR) was downgraded by research analysts at TheStreet from a “c” rating to a “d” rating in a research note issued on Thursday.

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

Shares of NYSE:PAR traded down $2.13 during midday trading on Thursday, reaching $16.95. The company had a trading volume of 121,912 shares, compared to its average volume of 138,402. PAR Technology has a 1-year low of $7.31 and a 1-year high of $26.40.

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

Several large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in PAR Technology by 371.8% during the first quarter. Millennium Management LLC now owns 70,491 shares of the software maker’s stock worth $993,000 after buying an additional 55,551 shares during the last quarter. EAM Investors LLC increased its position in PAR Technology by 357.4% during the second quarter. EAM Investors LLC now owns 46,194 shares of the software maker’s stock worth $817,000 after buying an additional 36,094 shares during the last quarter. Granite Investment Partners LLC increased its position in PAR Technology by 35.6% during the second quarter. Granite Investment Partners LLC now owns 54,822 shares of the software maker’s stock worth $969,000 after buying an additional 14,402 shares during the last quarter. Bank of New York Mellon Corp increased its position in PAR Technology by 81.6% during the second quarter. Bank of New York Mellon Corp now owns 28,399 shares of the software maker’s stock worth $502,000 after buying an additional 12,758 shares during the last quarter. Finally, Strs Ohio acquired a new position in PAR Technology during the second quarter worth approximately $836,000. 37.72% of the stock is currently owned by institutional investors and hedge funds.

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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