TheStreet Downgrades PAR Technology (PAR) to D

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

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

Shares of NYSE:PAR traded down $2.13 during trading on Thursday, reaching $16.95. 121,912 shares of the stock were exchanged, 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 issued its quarterly earnings data on Wednesday, November 7th. The software maker reported ($0.06) earnings per share (EPS) for the quarter. PAR Technology had a negative return on equity of 1.63% and a negative net margin of 11.06%. The firm had revenue of $46.36 million for the quarter.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of PAR Technology by 199.6% during the second 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. Northern Trust Corp boosted its holdings in shares of PAR Technology by 215.1% during the second quarter. Northern Trust Corp now owns 146,871 shares of the software maker’s stock worth $2,596,000 after acquiring an additional 100,259 shares during the period. Millennium Management LLC boosted its stake in shares of PAR Technology by 371.8% in the first quarter. Millennium Management LLC now owns 70,491 shares of the software maker’s stock valued at $993,000 after buying an additional 55,551 shares during the period. Granite Investment Partners LLC boosted its stake in shares of 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 buying an additional 14,402 shares during the period. Finally, Strs Ohio bought a new stake in shares of PAR Technology in the second quarter valued at approximately $836,000. Institutional investors own 37.72% of the company’s stock.

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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