Strs Ohio cut its holdings in shares of PAR Technology Co. (NYSE:PAR) by 34.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,000 shares of the software maker’s stock after selling 16,300 shares during the period. Strs Ohio owned 0.19% of PAR Technology worth $688,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of PAR. BlackRock Inc. increased its position in shares of PAR Technology by 199.6% in the 2nd quarter. BlackRock Inc. now owns 802,900 shares of the software maker’s stock valued at $14,194,000 after acquiring an additional 534,869 shares during the period. Northern Trust Corp increased its position in shares of PAR Technology by 215.1% in the 2nd quarter. Northern Trust Corp now owns 146,871 shares of the software maker’s stock valued at $2,596,000 after acquiring an additional 100,259 shares during the period. Millennium Management LLC increased its position in shares of PAR Technology by 371.8% in the 1st quarter. Millennium Management LLC now owns 70,491 shares of the software maker’s stock valued at $993,000 after acquiring an additional 55,551 shares during the period. EAM Investors LLC increased its position in shares of PAR Technology by 357.4% in the 2nd quarter. EAM Investors LLC now owns 46,194 shares of the software maker’s stock valued at $817,000 after acquiring an additional 36,094 shares during the period. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of PAR Technology in the 2nd quarter valued at $375,000. 37.72% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine downgraded PAR Technology from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st.
PAR Technology (NYSE:PAR) last announced its quarterly earnings results on Wednesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter. The company had revenue of $46.36 million for the quarter. PAR Technology had a negative return on equity of 1.39% and a negative net margin of 3.79%.
PAR Technology 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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