PAR Technology Co. (NYSE:PAR) Stake Lessened by Amalgamated Bank: What You Need to Know
Amalgamated Bank Decreases Stake in PAR Technology Co. (NYSE:PAR)
Amalgamated Bank recently reduced its stake in PAR Technology Co. (NYSE:PAR) by 10.1% during the 4th quarter, according to a recent filing with the SEC. The bank now owns 2,469 shares of the software maker’s stock, down from 2,746 shares previously. This move comes as other hedge funds and institutional investors have also made changes to their positions in PAR.
Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in PAR Technology by 8.6% in the 4th quarter, while Skandinaviska Enskilda Banken AB publ acquired a new position in the company during the third quarter. Deutsche Bank AG and SG Americas Securities LLC also raised their stakes in PAR Technology, with Raymond James Financial Services Advisors Inc. boosting its holdings as well.
PAR Technology’s stock opened at $48.34 on Friday, with a market capitalization of $1.64 billion. The company has a debt-to-equity ratio of 0.72 and a beta of 2.00. Analysts expect the company to post -1.15 EPS for the current fiscal year.
In related news, CFO Bryan A. Menar and Director Douglas Gregory Rauch both sold shares of PAR Technology stock recently. Analysts have set new price targets for the company, with several upgrading their ratings on the stock.
PAR Technology Corporation provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The company’s offerings include customer loyalty and engagement solutions, eCommerce platforms, point-of-sale solutions, and back-office solutions.
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