Sean Kiewiet Sells 170,596 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 170,596 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $10.60, for a total transaction of $1,808,317.60. Following the completion of the transaction, the insider now owns 711,853 shares of the company’s stock, valued at approximately $7,545,641.80. The trade was a 19.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sean Kiewiet also recently made the following trade(s):

• On Tuesday, December 17th, Sean Kiewiet sold 100 shares of Priority Technology stock. The stock was sold at an average price of $10.00, for a total transaction of $1,000.00.
• On Wednesday, December 11th, Sean Kiewiet sold 100 shares of Priority Technology stock. The stock was sold at an average price of $10.00, for a total transaction of $1,000.00.
• On Wednesday, December 4th, Sean Kiewiet sold 488 shares of Priority Technology stock. The stock was sold at an average price of $10.01, for a total transaction of $4,884.88.
• On Monday, December 2nd, Sean Kiewiet sold 21,286 shares of Priority Technology stock. The stock was sold at an average price of $9.68, for a total transaction of $206,048.48.
• On Friday, November 29th, Sean Kiewiet sold 6,467 shares of Priority Technology stock. The stock was sold at an average price of $10.10, for a total transaction of $65,316.70.
• On Tuesday, November 26th, Sean Kiewiet sold 22,178 shares of Priority Technology stock. The stock was sold at an average price of $10.01, for a total transaction of $222,001.78.
• On Monday, November 4th, Sean Kiewiet sold 5,700 shares of Priority Technology stock. The stock was sold at an average price of $5.11, for a total transaction of $29,127.00.
• On Friday, November 1st, Sean Kiewiet sold 4,300 shares of Priority Technology stock. The stock was sold at an average price of $5.30, for a total transaction of $22,790.00.
• On Thursday, October 3rd, Sean Kiewiet sold 4,483 shares of Priority Technology stock. The stock was sold at an average price of $6.00, for a total transaction of $26,898.00.

Priority Technology Trading Up 2.3 %

Shares of PRTH opened at $11.75 on Thursday. Priority Technology Holdings, Inc. has a twelve month low of $2.82 and a twelve month high of $12.44. The company has a market cap of $907.08 million, a P/E ratio of -27.98 and a beta of 1.20. The company’s fifty day simple moving average is $8.58 and its 200-day simple moving average is $6.65.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PRTH shares. Keefe, Bruyette & Woods upped their price target on shares of Priority Technology from $9.00 to $10.00 and gave the company a “market perform” rating in a research note on Friday, November 22nd. Lake Street Capital upped their price target on shares of Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, B. Riley upped their price target on shares of Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, November 25th.

Institutional Investors Weigh In On Priority Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of Priority Technology in the third quarter valued at $91,000. BNP Paribas Financial Markets raised its stake in shares of Priority Technology by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock valued at $109,000 after acquiring an additional 6,096 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Priority Technology in the third quarter valued at $112,000. Jane Street Group LLC raised its stake in shares of 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. Finally, Barclays PLC raised its stake in shares of Priority Technology by 255.9% in the third quarter. Barclays PLC now owns 26,064 shares of the company’s stock valued at $178,000 after acquiring an additional 18,741 shares during the period. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Priority Technology Company 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.