Invesco Ltd. acquired a new stake in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 415,560 shares of the company's stock, valued at approximately $4,883,000. Invesco Ltd. owned approximately 0.54% of Priority Technology at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of Priority Technology in the 4th quarter worth about $56,000. Virtu Financial LLC bought a new position in shares of Priority Technology during the 3rd quarter valued at approximately $91,000. SG Americas Securities LLC bought a new position in shares of Priority Technology during the 4th quarter valued at approximately $100,000. Wells Fargo & Company MN raised 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 purchasing an additional 3,006 shares during the period. Finally, Corient Private Wealth LLC bought a new stake in shares of Priority Technology in the 4th quarter worth approximately $118,000. 11.52% of the stock is owned by hedge funds and other institutional investors.
Priority Technology Stock Performance
NASDAQ PRTH traded up $0.19 during trading hours on Thursday, hitting $7.45. The company had a trading volume of 56,054 shares, compared to its average volume of 285,013. The firm has a market capitalization of $592.02 million, a price-to-earnings ratio of -17.58 and a beta of 1.20. Priority Technology Holdings, Inc. has a 52 week low of $3.07 and a 52 week high of $12.47. The firm has a 50 day simple moving average of $7.63 and a 200 day simple moving average of $8.57.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on PRTH. TD Cowen raised Priority Technology to a "strong-buy" rating in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $12.00 target price (down previously from $14.00) on shares of Priority Technology in a research note on Friday, March 7th.
Read Our Latest Stock Report on Priority Technology
Priority Technology Company Profile
(
Free Report)
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.
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