Sean Kiewiet Sells 7,201 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) insider Sean Kiewiet sold 7,201 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $5.90, for a total value of $42,485.90. Following the sale, the insider now directly owns 1,094,652 shares of the company’s stock, valued at $6,458,446.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, September 5th, Sean Kiewiet sold 4,954 shares of Priority Technology stock. The shares were sold at an average price of $5.41, for a total transaction of $26,801.14.
• On Wednesday, August 7th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The stock was sold at an average price of $5.02, for a total transaction of $50,200.00.
• On Friday, July 12th, Sean Kiewiet sold 6,258 shares of Priority Technology stock. The shares were sold at an average price of $5.04, for a total transaction of $31,540.32.
• On Wednesday, July 10th, Sean Kiewiet sold 4,722 shares of Priority Technology stock. The stock was sold at an average price of $5.08, for a total value of $23,987.76.
• On Monday, July 8th, Sean Kiewiet sold 7,519 shares of Priority Technology stock. The shares were sold at an average price of $5.05, for a total value of $37,970.95.
• On Friday, July 5th, Sean Kiewiet sold 875 shares of Priority Technology stock. The stock was sold at an average price of $5.01, for a total value of $4,383.75.
• On Wednesday, July 3rd, Sean Kiewiet sold 1,365 shares of Priority Technology stock. The stock was sold at an average price of $5.00, for a total transaction of $6,825.00.
• On Monday, July 1st, Sean Kiewiet sold 2,804 shares of Priority Technology stock. The shares were sold at an average price of $5.00, for a total transaction of $14,020.00.
• On Friday, June 28th, Sean Kiewiet sold 28,501 shares of Priority Technology stock. The stock was sold at an average price of $5.18, for a total transaction of $147,635.18.

Priority Technology Stock Performance

PRTH opened at $5.16 on Friday. The company has a market cap of $413.14 million, a price-to-earnings ratio of -8.90 and a beta of 0.97. Priority Technology Holdings, Inc. has a one year low of $2.62 and a one year high of $6.86. The business’s fifty day moving average is $5.32 and its two-hundred day moving average is $4.21.

Priority Technology (NASDAQ:PRTH) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.12) EPS for the quarter. The business had revenue of $219.87 million during the quarter. Priority Technology had a net margin of 0.74% and a negative return on equity of 9.60%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Priority Technology from $4.50 to $5.00 and gave the company a “market perform” rating in a research report on Friday, August 9th.

Institutional Investors Weigh In On Priority Technology

A number of institutional investors and hedge funds have recently bought and sold shares of PRTH. Virtu Financial LLC purchased a new position in Priority Technology during the first quarter worth $50,000. Williams & Novak LLC acquired a new stake in shares of Priority Technology during the second quarter valued at $77,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Priority Technology during the first quarter valued at $91,000. Panagora Asset Management Inc. increased its position in Priority Technology by 22.5% during the 4th quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock worth $152,000 after purchasing an additional 7,812 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Priority Technology in the 1st quarter valued at about $164,000. 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.