Bank of New York Mellon Corp reduced its stake in shares of PAR Technology Co. (NYSE:PAR) by 34.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,887 shares of the software maker’s stock after selling 6,248 shares during the period. Bank of New York Mellon Corp owned 0.07% of PAR Technology worth $124,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of PAR Technology by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 830,566 shares of the software maker’s stock worth $7,085,000 after acquiring an additional 39,345 shares during the period. Friedberg Investment Management purchased a new position in shares of PAR Technology during the 2nd quarter worth about $810,000. EAM Investors LLC purchased a new position in shares of PAR Technology during the 2nd quarter worth about $565,000. Northern Trust Corp lifted its holdings in shares of PAR Technology by 15.1% during the 2nd quarter. Northern Trust Corp now owns 50,296 shares of the software maker’s stock worth $428,000 after acquiring an additional 6,597 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of PAR Technology during the 2nd quarter worth about $164,000. Institutional investors and hedge funds own 26.56% of the company’s stock.
PAR Technology Co. (NYSE PAR) opened at $8.64 on Thursday. PAR Technology Co. has a 1-year low of $5.80 and a 1-year high of $11.79. The company has a market cap of $138.79, a P/E ratio of 39.27 and a beta of -0.15.
Separately, ValuEngine lowered shares of PAR Technology from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
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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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