Wedbush Securities Inc Lowers stake in PAR Technology Corporation (PAR)

PAR Technology Corporation (PAR) : Wedbush Securities Inc reduced its stake in PAR Technology Corporation by 26.36% during the most recent quarter end. The investment management company now holds a total of 571,662 shares of PAR Technology Corporation which is valued at $2,904,043 after selling 204,581 shares in PAR Technology Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.PAR Technology Corporation makes up approximately 0.47% of Wedbush Securities Inc’s portfolio.

Other Hedge Funds, Including , New Jersey Better Educational Savings Trust sold out all of its stake in PAR during the most recent quarter. The investment firm sold 36,000 shares of PAR which is valued $182,880. Msi Financial Services Inc added PAR to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $15,360.Acadian Asset Management reduced its stake in PAR by selling 2,306 shares or 7.75% in the most recent quarter. The Hedge Fund company now holds 27,453 shares of PAR which is valued at $142,728.

PAR Technology Corporation opened for trading at $5.1 and hit $5.12 on the upside on Monday, eventually ending the session at $5.0735, with a gain of 0.86% or 0.0435 points. The heightened volatility saw the trading volume jump to 7,377 shares. Company has a market cap of $79 M.

PAR Technology Corporation is a provider of systems and service solutions for the hospitality industry. The Company operates through two business segments: Hospitality and Government. The Company’s Hospitality business segment provides technology solutions including hardware software and a range of support services to businesses and organizations within the global hospitality industry that includes restaurants hotels resorts spas and specialty retail outlets. The Company’s Government segment provides technical services in the contract development of advanced systems and software solutions for the United States Department of Defense and other federal agencies as well as information technology and communications support services to the United States Department of Defense.

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