JPMorgan Chase & Co. Buys 66,628 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH)

JPMorgan Chase & Co. raised its holdings in Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) by 196.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 100,528 shares of the company's stock after acquiring an additional 66,628 shares during the quarter. JPMorgan Chase & Co. owned about 0.13% of Priority Technology worth $1,181,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PRTH. Quantbot Technologies LP acquired a new stake in shares of Priority Technology during the fourth quarter worth $125,000. Corient Private Wealth LLC acquired a new stake in Priority Technology during the 4th quarter worth $118,000. Globeflex Capital L P bought a new position in Priority Technology during the fourth quarter worth about $186,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Priority Technology by 384.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,515 shares of the company's stock worth $934,000 after acquiring an additional 63,100 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Priority Technology by 12.4% in the fourth quarter. Bank of New York Mellon Corp now owns 39,693 shares of the company's stock valued at $466,000 after acquiring an additional 4,366 shares during the period. Institutional investors and hedge funds own 11.52% of the company's stock.

Priority Technology Stock Performance

NASDAQ PRTH traded up $0.14 during trading on Thursday, hitting $7.40. The stock had a trading volume of 42,248 shares, compared to its average volume of 284,916. The company has a market capitalization of $588.44 million, a PE ratio of -17.58 and a beta of 1.20. Priority Technology Holdings, Inc. has a 12 month low of $3.07 and a 12 month high of $12.47. The company's 50-day moving average price is $7.63 and its two-hundred day moving average price is $8.57.

Analysts Set New Price Targets

PRTH has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $12.00 price objective (down previously from $14.00) on shares of Priority Technology in a report on Friday, March 7th. TD Cowen raised shares of Priority Technology to a "strong-buy" rating in a research note on Tuesday, March 18th.

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.