Priority Technology Holdings, Inc. (NASDAQ:PRTH) CEO Thomas Charles Priore Sells 105,833 Shares of Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) CEO Thomas Charles Priore sold 105,833 shares of the company’s stock in a transaction that occurred 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 directly owns 33,919,486 shares of the company’s stock, valued at approximately $252,360,975.84. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was sold at an average price of $7.44, for a total transaction of $2,188,602.48.

Priority Technology Trading Up 5.7 %

Shares of PRTH stock opened at $9.47 on Thursday. The company has a fifty day moving average price of $9.73 and a two-hundred day moving average price of $7.19. Priority Technology Holdings, Inc. has a one year low of $2.82 and a one year high of $12.44.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PRTH. SG Americas Securities LLC bought a new stake in Priority Technology in the 4th quarter valued at $100,000. Ritholtz Wealth Management increased its holdings in shares of Priority Technology by 99.1% in the fourth quarter. Ritholtz Wealth Management now owns 24,780 shares of the company’s stock valued at $291,000 after purchasing an additional 12,336 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Priority Technology by 273.0% in the third quarter. JPMorgan Chase & Co. now owns 33,900 shares of the company’s stock valued at $232,000 after purchasing an additional 24,811 shares during the period. Virtu Financial LLC acquired a new stake in shares of Priority Technology during the 3rd quarter worth about $91,000. Finally, Barclays PLC boosted its holdings in shares of Priority Technology by 255.9% during the 3rd quarter. Barclays PLC now owns 26,064 shares of the company’s stock worth $178,000 after buying an additional 18,741 shares during the period. 11.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.