Priority Technology Holdings, Inc. (NASDAQ:PRTH) CEO Sells $787,397.52 in Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) CEO Thomas Charles Priore sold 105,833 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $7.44, for a total value of $787,397.52. Following the transaction, the chief executive officer now owns 33,919,486 shares in the company, valued at $252,360,975.84. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Thomas Charles Priore also recently made the following trade(s):

• On Friday, January 17th, Thomas Charles Priore sold 294,167 shares of Priority Technology stock. The shares were sold at an average price of $7.44, for a total transaction of $2,188,602.48.

Priority Technology Stock Up 5.7 %

PRTH opened at $9.47 on Thursday. Priority Technology Holdings, Inc. has a twelve month low of $2.82 and a twelve month high of $12.44. The company has a 50-day simple moving average of $9.73 and a 200 day simple moving average of $7.19.

Priority Technology (NASDAQ:PRTH) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.12. The company had revenue of $227.05 million during the quarter, compared to the consensus estimate of $221.15 million. Priority Technology had a net margin of 1.96% and a negative return on equity of 15.86%. During the same quarter in the prior year, the firm posted ($0.16) EPS. Sell-side analysts anticipate that Priority Technology Holdings, Inc. will post -0.09 EPS for the current year.

Analyst Ratings Changes

PRTH has been the subject of several analyst reports. Lake Street Capital lifted their price objective on shares of Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Keefe, Bruyette & Woods upgraded shares of Priority Technology from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $10.00 to $14.00 in a research report on Thursday, January 16th. Finally, B. Riley increased their price target on Priority Technology from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, November 25th.

Hedge Funds Weigh In On Priority Technology

Several hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Priority Technology during the 3rd quarter worth $91,000. SG Americas Securities LLC acquired a new position in Priority Technology during the fourth quarter worth about $100,000. BNP Paribas Financial Markets lifted its holdings in shares of Priority Technology by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock worth $109,000 after acquiring an additional 6,096 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Priority Technology in the 3rd quarter valued at approximately $112,000. Finally, Jane Street Group LLC grew its holdings in shares of Priority Technology by 6.1% during the 3rd quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock valued at $153,000 after purchasing an additional 1,293 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

Priority Technology Company Profile

Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.