Dimensional Fund Advisors LP Takes Position in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Dimensional Fund Advisors LP purchased a new stake in Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,568 shares of the company's stock, valued at approximately $487,000. Dimensional Fund Advisors LP owned 0.05% of Priority Technology as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of PRTH. National Bank of Canada FI bought a new stake in Priority Technology during the fourth quarter valued at $56,000. SG Americas Securities LLC bought a new stake in shares of Priority Technology during the 4th quarter valued at about $100,000. Wells Fargo & Company MN grew its stake in Priority Technology by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,593 shares of the company's stock worth $101,000 after purchasing an additional 3,006 shares during the period. Corient Private Wealth LLC bought a new stake in Priority Technology in the fourth quarter worth approximately $118,000. Finally, Quantbot Technologies LP acquired a new position in Priority Technology in the fourth quarter valued at approximately $125,000. Institutional investors own 11.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Priority Technology from $12.00 to $10.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. TD Cowen upgraded Priority Technology to a "strong-buy" rating in a report on Tuesday, March 18th.

Priority Technology Trading Down 1.2%

Shares of PRTH stock traded down $0.09 during trading on Tuesday, reaching $7.53. 273,063 shares of the company's stock traded hands, compared to its average volume of 310,584. Priority Technology Holdings, Inc. has a 1 year low of $3.35 and a 1 year high of $12.47. The company has a market capitalization of $600.54 million, a P/E ratio of -17.93 and a beta of 1.50. The firm's 50-day moving average is $7.17 and its 200 day moving average is $8.74.

Priority Technology (NASDAQ:PRTH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.12. Priority Technology had a net margin of 1.96% and a negative return on equity of 15.86%. The firm had revenue of $224.63 million for the quarter, compared to the consensus estimate of $228.81 million. As a group, sell-side analysts predict that Priority Technology Holdings, Inc. will post -0.09 earnings per share for the current fiscal year.

About Priority Technology

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.