Ranjana Ram Sells 6,615 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) COO Ranjana Ram sold 6,615 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $7.44, for a total transaction of $49,215.60. Following the completion of the sale, the chief operating officer now owns 686,389 shares in the company, valued at approximately $5,106,734.16. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ranjana Ram also recently made the following trade(s):

• On Friday, January 17th, Ranjana Ram sold 18,385 shares of Priority Technology stock. The shares were sold at an average price of $7.44, for a total value of $136,784.40.

Priority Technology Trading Up 5.7 %

NASDAQ:PRTH opened at $9.47 on Thursday. The stock has a fifty day simple moving average of $9.73 and a 200-day simple moving average of $7.19. Priority Technology Holdings, Inc. has a twelve month low of $2.82 and a twelve month high of $12.44.

Priority Technology (NASDAQ:PRTH) last released its quarterly earnings data 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 company had revenue of $227.05 million during the quarter, compared to analysts’ expectations of $221.15 million. During the same period in the previous year, the company earned ($0.16) EPS. Research analysts forecast that Priority Technology Holdings, Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Priority Technology

Several hedge funds have recently made changes to their positions in PRTH. Jane Street Group LLC raised its holdings in shares of Priority Technology by 6.1% in the third quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock valued at $153,000 after acquiring an additional 1,293 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Priority Technology by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock worth $109,000 after acquiring an additional 6,096 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Priority Technology by 15.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company’s stock valued at $386,000 after purchasing an additional 7,719 shares during the period. SG Americas Securities LLC bought a new stake in shares of Priority Technology in the 4th quarter valued at about $100,000. Finally, Pekin Hardy Strauss Inc. lifted its position in shares of Priority Technology by 17.0% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 66,675 shares of the company’s stock worth $455,000 after purchasing an additional 9,675 shares during the period. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.