Priority Technology (NASDAQ:PRTH) Price Target Raised to $10.00

Priority Technology (NASDAQ:PRTH) had its price objective upped by Keefe, Bruyette & Woods from $9.00 to $10.00 in a research report released on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other research analysts have also recently weighed in on PRTH. Lake Street Capital boosted their price target on Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday. B. Riley boosted their target price on Priority Technology from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd.

Priority Technology Stock Performance

Shares of NASDAQ PRTH opened at $8.02 on Friday. The firm’s 50 day moving average price is $6.63 and its 200-day moving average price is $5.52. Priority Technology has a 52-week low of $2.79 and a 52-week high of $9.25. The company has a market cap of $618.87 million, a PE ratio of -19.10 and a beta of 1.01.

Insider Buying and Selling at Priority Technology

In other Priority Technology news, CAO Rajiv Kumar sold 10,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.13, for a total transaction of $61,300.00. Following the completion of the sale, the chief accounting officer now directly owns 11,587 shares in the company, valued at $71,028.31. The trade was a 46.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sean Kiewiet sold 7,201 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $5.90, for a total transaction of $42,485.90. Following the completion of the transaction, the insider now owns 1,094,652 shares in the company, valued at $6,458,446.80. This trade represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,302 shares of company stock worth $286,501. Insiders own 76.30% of the company’s stock.

Institutional Trading of Priority Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC bought a new stake in shares of Priority Technology during the 3rd quarter valued at $91,000. Barclays PLC lifted its position in Priority Technology by 255.9% during the third quarter. Barclays PLC now owns 26,064 shares of the company’s stock valued at $178,000 after purchasing an additional 18,741 shares in the last quarter. Geode Capital Management LLC lifted its position in Priority Technology by 5.8% during the third quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock valued at $2,707,000 after purchasing an additional 21,598 shares in the last quarter. Jane Street Group LLC grew its holdings in Priority Technology by 6.1% during the third quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock valued at $153,000 after purchasing an additional 1,293 shares during the period. Finally, Corsair Capital Management L.P. increased its position in Priority Technology by 10.5% in the third quarter. Corsair Capital Management L.P. now owns 105,458 shares of the company’s stock worth $720,000 after buying an additional 10,000 shares in the last quarter. 11.52% of the stock is owned by hedge funds and other institutional investors.

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.