58,200 Shares in Priority Technology Holdings, Inc. (NASDAQ:PRTH) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,200 shares of the company's stock, valued at approximately $684,000. Jefferies Financial Group Inc. owned about 0.08% of Priority Technology as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in PRTH. National Bank of Canada FI acquired a new position in shares of Priority Technology in the 4th quarter worth approximately $56,000. Deutsche Bank AG acquired a new position in shares of Priority Technology in the 4th quarter worth approximately $60,000. SG Americas Securities LLC acquired a new position in shares of Priority Technology in the 4th quarter worth approximately $100,000. Wells Fargo & Company MN lifted its holdings in shares of Priority Technology by 53.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,593 shares of the company's stock worth $101,000 after acquiring an additional 3,006 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new position in shares of Priority Technology in the 4th quarter worth approximately $118,000. 11.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Marietta Davis sold 9,433 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $7.22, for a total value of $68,106.26. Following the sale, the director now directly owns 75,136 shares in the company, valued at approximately $542,481.92. This trade represents a 11.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 66.20% of the company's stock.

Priority Technology Stock Up 2.1%

Priority Technology stock traded up $0.18 during mid-day trading on Tuesday, reaching $8.67. 489,162 shares of the company's stock were exchanged, compared to its average volume of 321,359. Priority Technology Holdings, Inc. has a twelve month low of $3.92 and a twelve month high of $12.47. The company has a fifty day moving average of $7.23 and a 200-day moving average of $8.79. The company has a market cap of $691.46 million, a P/E ratio of -20.64 and a beta of 1.50.

Priority Technology (NASDAQ:PRTH - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.22 earnings per share for the quarter, beating 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 business had revenue of $224.63 million for the quarter, compared to analyst estimates of $228.81 million. Equities research analysts expect that Priority Technology Holdings, Inc. will post -0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on PRTH. TD Cowen upgraded shares of Priority Technology to a "strong-buy" rating in a report on Tuesday, March 18th. Keefe, Bruyette & Woods reduced their target price on shares of Priority Technology from $12.00 to $10.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th.

Priority Technology 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.