Thomas Charles Priore Sells 294,167 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) CEO Thomas Charles Priore sold 294,167 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $7.44, for a total value of $2,188,602.48. Following the transaction, the chief executive officer now directly owns 34,025,319 shares in the company, valued at $253,148,373.36. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, January 21st, Thomas Charles Priore sold 105,833 shares of Priority Technology stock. The shares were sold at an average price of $7.44, for a total transaction of $787,397.52.

Priority Technology Stock Performance

NASDAQ:PRTH opened at $9.47 on Thursday. Priority Technology Holdings, Inc. has a 52 week low of $2.82 and a 52 week high of $12.44. The stock’s fifty day moving average is $9.73 and its two-hundred day moving average is $7.19.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its holdings in Priority Technology by 6.1% during the 3rd quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock worth $153,000 after buying an additional 1,293 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Priority Technology by 61.7% during 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 period. Charles Schwab Investment Management Inc. raised its stake in shares of Priority Technology by 15.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company’s stock valued at $386,000 after acquiring an additional 7,719 shares in the last quarter. SG Americas Securities LLC purchased a new position in Priority Technology in the fourth quarter valued at $100,000. Finally, Pekin Hardy Strauss Inc. boosted its holdings in Priority Technology by 17.0% in the third quarter. Pekin Hardy Strauss Inc. now owns 66,675 shares of the company’s stock valued at $455,000 after purchasing an additional 9,675 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

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

About Priority Technology

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.