Priority Technology Holdings, Inc. (NASDAQ:PRTH) Insider Sells $77,099.04 in Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 11,664 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $6.61, for a total value of $77,099.04. Following the completion of the sale, the insider now owns 1,073,494 shares in the company, valued at approximately $7,095,795.34. The transaction was disclosed in a filing with the SEC, which is available at this link.

Sean Kiewiet also recently made the following trade(s):

• On Thursday, September 5th, Sean Kiewiet sold 4,954 shares of Priority Technology stock. The stock was sold at an average price of $5.41, for a total value of $26,801.14.
• On Tuesday, September 3rd, Sean Kiewiet sold 7,201 shares of Priority Technology stock. The stock was sold at an average price of $5.90, for a total transaction of $42,485.90.
• On Wednesday, August 7th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $5.02, for a total transaction of $50,200.00.
• On Friday, July 12th, Sean Kiewiet sold 6,258 shares of Priority Technology stock. The stock was sold at an average price of $5.04, for a total transaction of $31,540.32.
• On Wednesday, July 10th, Sean Kiewiet sold 4,722 shares of Priority Technology stock. The shares were sold at an average price of $5.08, for a total value of $23,987.76.
• On Monday, July 8th, Sean Kiewiet sold 7,519 shares of Priority Technology stock. The shares were sold at an average price of $5.05, for a total transaction of $37,970.95.
• On Friday, July 5th, Sean Kiewiet sold 875 shares of Priority Technology stock. The shares were sold at an average price of $5.01, for a total transaction of $4,383.75.

Priority Technology Stock Down 3.0 %

Shares of NASDAQ PRTH traded down $0.19 during midday trading on Wednesday, reaching $6.06. 7,591 shares of the stock were exchanged, compared to its average volume of 49,242. Priority Technology Holdings, Inc. has a twelve month low of $2.79 and a twelve month high of $7.38. The company has a 50 day simple moving average of $5.72 and a 200 day simple moving average of $4.61.

Priority Technology (NASDAQ:PRTH) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $219.87 million during the quarter. Priority Technology had a net margin of 0.74% and a negative return on equity of 9.60%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Priority Technology from $4.50 to $5.00 and gave the stock a “market perform” rating in a report on Friday, August 9th. B. Riley upped their target price on Priority Technology from $11.00 to $13.00 and gave the company a “buy” rating in a report on Monday, September 23rd.

Institutional Trading of Priority Technology

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Priority Technology by 25.7% in the 1st quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock valued at $2,494,000 after acquiring an additional 156,044 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Priority Technology during the first quarter worth $164,000. State Board of Administration of Florida Retirement System purchased a new position in Priority Technology in the first quarter valued at $91,000. Pekin Hardy Strauss Inc. purchased a new stake in Priority Technology during the 2nd quarter worth about $301,000. Finally, Virtu Financial LLC acquired a new position in shares of Priority Technology during the 1st quarter worth about $50,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

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.