PAR Technology (NYSE: PAR) cut to sell at Zacks Investment Research

PAR Technology (NYSE: PAR) was downgraded by Zacks Investment Research from a âholdâ rating to a âsellâ rating in a research report released Friday, Zacks.com reports.
According to Zacks, âBY TECHNOLOGY CORP. designs, develops, manufactures, markets, installs and maintains microprocessor-based transaction processing systems for the foodservice and industrial markets, corneal topography systems to measure true topography of the eye and ‘visual inspection. systems for the food industry (commercial segment). Co. is also engaged in the design and implementation of advanced computer software systems, for the Department of Defense and other government agencies (government segment). “
PAR shares opened at $ 64.63 on Friday. The company has a market cap of $ 1.74 billion, a price-to-earnings ratio of -24.86 and a beta of 1.84. The company has a leverage ratio of 0.58, a quick ratio of 2.44 and a current ratio of 4.90. PAR Technology has a one-year minimum of $ 50.81 and a one-year maximum of $ 90.35. The stock’s fifty-day moving average is $ 64.64 and its 200-day moving average is $ 65.51.
Large investors have recently increased or reduced their holdings in the stock. Goldman Sachs Group Inc. strengthened its position in PAR Technology by 41.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,743 shares of the software maker valued at $ 2,011,000 after acquiring an additional 9,015 shares during the period. Nuveen Asset Management LLC increased its stake in PAR Technology shares by 2.5% in the 1st quarter. Nuveen Asset Management LLC now owns 69,294 shares of the software maker valued at $ 4,532,000 after acquiring an additional 1,668 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in PAR Technology shares in the 1st quarter valued at approximately $ 1,404,000. Royal Bank of Canada increased its stake in PAR Technology shares by 24.3% in the first quarter. Royal Bank of Canada now owns 3,238 shares of the software maker valued at $ 212,000 after acquiring an additional 633 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in PAR Technology shares by 253.4% ââin the first quarter. Jane Street Group LLC now owns 12,428 shares of the software maker valued at $ 813,000 after acquiring an additional 8,911 shares in the last quarter. Institutional investors and hedge funds hold 96.46% of the company’s shares.
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PAR Technology Company Profile
BY Technology Corp. provides software and hardware support services for the hospitality industry. It operates through the Restaurant / Retail and Government segments. Foodservice / Retail segment offers point-of-sale (POS) software, computer hardware, back-office software, systems, services and technical solutions integrated to the foodservice and retail industries. .
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