PAR Technology (NYSE:PAR) Rating Increased to Buy at ValuEngine

PAR Technology (NYSE:PAR) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, February 4th.

Separately, TheStreet downgraded PAR Technology from a “c” rating to a “d” rating in a research report on Thursday, November 8th.

NYSE PAR opened at $26.18 on Monday. PAR Technology has a fifty-two week low of $10.07 and a fifty-two week high of $28.53. The firm has a market cap of $443.08 million, a P/E ratio of 100.69 and a beta of -0.07.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings 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 period. Schwab Charles Investment Management Inc. purchased a new stake in shares of PAR Technology during the 2nd quarter valued at $375,000. 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 valued at $14,194,000 after purchasing an additional 534,869 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of PAR Technology by 215.1% during the 2nd quarter. Northern Trust Corp now owns 146,871 shares of the software maker’s stock valued at $2,596,000 after purchasing an additional 100,259 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of PAR Technology by 37.9% during the 3rd quarter. Wells Fargo & Company MN now owns 16,574 shares of the software maker’s stock valued at $368,000 after purchasing an additional 4,553 shares during the last quarter. Hedge funds and other institutional investors own 34.75% of the company’s stock.

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.

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