Priority Technology (NASDAQ:PRTH) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Priority Technology (NASDAQ:PRTH) from a market perform rating to an outperform rating in a research report report published on Thursday morning, MarketBeat Ratings reports. They currently have $14.00 target price on the stock, up from their previous target price of $10.00.

PRTH has been the topic of a number of other reports. B. Riley increased their price objective on shares of Priority Technology from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Lake Street Capital increased their price target on Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 22nd.

Priority Technology Stock Up 2.8 %

NASDAQ PRTH opened at $8.90 on Thursday. Priority Technology has a 52 week low of $2.82 and a 52 week high of $12.44. The firm has a market capitalization of $687.08 million, a price-to-earnings ratio of -21.19 and a beta of 1.17. The company has a fifty day moving average of $9.70 and a two-hundred day moving average of $7.11.

Insider Buying and Selling at Priority Technology

In other news, insider Sean Kiewiet sold 5,700 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $5.11, for a total value of $29,127.00. Following the completion of the sale, the insider now owns 1,055,158 shares of the company’s stock, valued at approximately $5,391,857.38. This represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 231,215 shares of company stock valued at $2,360,486 in the last ninety days. Corporate insiders own 76.30% of the company’s stock.

Institutional Trading of Priority Technology

A number of hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of Priority Technology in the 3rd quarter worth $91,000. SG Americas Securities LLC purchased a new stake in shares of Priority Technology during the fourth quarter valued at about $100,000. BNP Paribas Financial Markets boosted its holdings in shares of Priority Technology by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock valued at $109,000 after buying an additional 6,096 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Priority Technology in the 3rd quarter worth approximately $112,000. Finally, Jane Street Group LLC raised its stake in shares of 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 acquiring an additional 1,293 shares in the last quarter. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.