1 week Ago By Defense World Staff
Invesco Ltd. acquired a new position in Priority Technology Holdings, Inc. (NASDAQ:PRTH – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor acquired 415,560 shares of the company’s stock, valued at approximately $4,883,000. Invesco Ltd. owned about 0.
54% of Priority Technology as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of Priority Technology during the 4th quarter worth $56,000.
SG Americas Securities LLC bought a new stake in Priority Technology in the fourth quarter worth $100,000. Wells Fargo & Company MN increased its position 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 buying an additional 3,006 shares during the last quarter. Corient Private Wealth LLC bought a new position in Priority Technology during the fourth quarter valued at about $118,000. Finally, Quantbot Technologies LP bought a new position in Priority Technology during the fourth quarter valued at about $125,000.
Institutional investors own 11.52% of the company’s stock. Priority Technology Stock PerformanceShares of NASDAQ:PRTH opened at $7.
35 on Friday. Priority Technology Holdings, Inc. has a 52-week low of $3.
07 and a 52-week high of $12.47. The company has a market cap of $584.
46 million, a P/E ratio of -17.50 and a beta of 1.20.
The stock’s 50-day moving average is $7.88 and its 200-day moving average is $8.57.
Wall Street Analyst Weigh InA number of research analysts have recently commented on the company. TD Cowen raised Priority Technology to a “strong-buy” rating in a report on Tuesday, March 18th. Keefe, Bruyette & Woods reaffirmed 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.View Our Latest Research Report on PRTHPriority 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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