Charles Schwab Investment Management Inc. Has $386,000 Stake in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Charles Schwab Investment Management Inc. raised its position in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) by 15.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,557 shares of the company’s stock after acquiring an additional 7,719 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.07% of Priority Technology worth $386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Priority Technology during the 3rd quarter valued at approximately $112,000. Renaissance Technologies LLC acquired a new position in shares of Priority Technology during the second quarter worth approximately $202,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Priority Technology in the second quarter valued at approximately $301,000. Finally, Rebalance LLC acquired a new stake in shares of Priority Technology in the third quarter worth $4,822,000. 11.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Priority Technology

In other Priority Technology news, insider Sean Kiewiet sold 4,483 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $6.00, for a total transaction of $26,898.00. Following the completion of the transaction, the insider now owns 1,065,158 shares in the company, valued at $6,390,948. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 76,766 shares of company stock valued at $656,166 in the last 90 days. 76.30% of the stock is currently owned by company insiders.

Priority Technology Trading Down 3.5 %

Shares of NASDAQ PRTH opened at $8.64 on Friday. The firm has a market capitalization of $666.99 million, a price-to-earnings ratio of -20.57 and a beta of 1.20. Priority Technology Holdings, Inc. has a one year low of $2.82 and a one year high of $10.44. The business has a fifty day simple moving average of $7.74 and a 200 day simple moving average of $6.23.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Lake Street Capital upped their target price 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. Keefe, Bruyette & Woods boosted their price objective on shares of Priority Technology from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Finally, B. Riley increased their target price on shares of Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, November 25th.

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.