Priority Technology Holdings, Inc. (NASDAQ:PRTH) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Priority Technology Holdings, Inc. (NASDAQ:PRTH) by 255.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 26,064 shares of the company’s stock after acquiring an additional 18,741 shares during the period. Barclays PLC’s holdings in Priority Technology were worth $178,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. BNP Paribas Financial Markets grew its position in Priority Technology by 61.7% during the third quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock valued at $109,000 after acquiring an additional 6,096 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Priority Technology during the 3rd quarter worth about $112,000. Jane Street Group LLC increased its position 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 purchasing an additional 1,293 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Priority Technology during the 2nd quarter worth approximately $202,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in Priority Technology in the second quarter valued at approximately $301,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PRTH. Lake Street Capital raised 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 raised their price objective on Priority Technology from $9.00 to $10.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Finally, B. Riley upped their target price on Priority Technology from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, November 25th.

Insider Transactions at Priority Technology

In other Priority Technology news, insider Sean Kiewiet sold 170,596 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $10.60, for a total transaction of $1,808,317.60. Following the completion of the transaction, the insider now owns 711,853 shares in the company, valued at $7,545,641.80. This trade represents a 19.33 % 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. Over the last ninety days, insiders have sold 231,215 shares of company stock valued at $2,360,486. 76.30% of the stock is owned by insiders.

Priority Technology Price Performance

PRTH stock opened at $11.33 on Wednesday. The firm has a 50 day simple moving average of $9.08 and a 200 day simple moving average of $6.87. The firm has a market cap of $874.65 million, a PE ratio of -26.98 and a beta of 1.17. Priority Technology Holdings, Inc. has a 12 month low of $2.82 and a 12 month high of $12.44.

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.