1 week Ago By ABMN Staff
Invesco Ltd. acquired a new stake in Priority Technology Holdings, Inc. ( NASDAQ:PRTH – Free Report ) in the fourth quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor acquired 415,560 shares of the company’s stock, valued at approximately $4,883,000. Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC increased its stake in Priority Technology by 6.
1% in the third quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock valued at $153,000 after acquiring an additional 1,293 shares during the period. Barclays PLC boosted its holdings in Priority Technology by 255.
9% during the third quarter. Barclays PLC now owns 26,064 shares of the company’s stock valued at $178,000 after purchasing an additional 18,741 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Priority Technology by 5.
8% in the 3rd quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock valued at $2,707,000 after purchasing an additional 21,598 shares during the period. Virtu Financial LLC acquired a new position in shares of Priority Technology in the 3rd quarter worth approximately $91,000.
Finally, JPMorgan Chase & Co. lifted its position in shares of Priority Technology by 273.0% during the 3rd quarter.
JPMorgan Chase & Co. now owns 33,900 shares of the company’s stock worth $232,000 after buying an additional 24,811 shares during the period. 11.
52% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades Several research firms have issued reports on PRTH. TD Cowen upgraded Priority Technology to a “strong-buy” rating in a research note on Tuesday, March 18th.
Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $12.00 target price (down previously from $14.00) on shares of Priority Technology in a research report on Friday, March 7th.
Priority Technology Stock Performance Shares of PRTH opened at $7.35 on Friday. The company has a market cap of $584.
46 million, a price-to-earnings ratio of -17.50 and a beta of 1.20.
The stock has a fifty day moving average price of $7.88 and a two-hundred day moving average price of $8.57.
Priority Technology Holdings, Inc. has a 52-week low of $3.07 and a 52-week high of $12.
47. 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. Read More Want to see what other hedge funds are holding PRTH? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Priority Technology Holdings, Inc. ( NASDAQ:PRTH – Free Report ). Receive News & Ratings for Priority Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Priority Technology and related companies with MarketBeat.
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