PAR Technology (PAR) Rating Lowered to Hold at ValuEngine

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

PAR Technology (PAR) opened at $8.73 on Friday. PAR Technology has a 12-month low of $5.09 and a 12-month high of $11.79. The stock has a market capitalization of $139.74, a price-to-earnings ratio of 23.59 and a beta of -0.14.

A number of hedge funds have recently made changes to their positions in PAR. Friedberg Investment Management acquired a new stake in shares of PAR Technology in the second quarter valued at $810,000. Dimensional Fund Advisors LP lifted its holdings in shares of PAR Technology by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 830,566 shares of the software maker’s stock valued at $7,085,000 after buying an additional 39,345 shares during the period. EAM Investors LLC acquired a new stake in shares of PAR Technology in the second quarter valued at $565,000. Eagle Global Advisors LLC acquired a new stake in shares of PAR Technology in the second quarter valued at $142,000. Finally, Algert Global LLC lifted its holdings in shares of PAR Technology by 57.7% in the second quarter. Algert Global LLC now owns 80,864 shares of the software maker’s stock valued at $688,000 after buying an additional 29,602 shares during the period. Institutional investors own 26.56% of the company’s stock.

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PAR Technology Company Profile

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.

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