Ranjana Ram Sells 18,385 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) COO Ranjana Ram sold 18,385 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $7.44, for a total transaction of $136,784.40. Following the completion of the sale, the chief operating officer now owns 693,004 shares of the company’s stock, valued at $5,155,949.76. The trade was a 2.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ranjana Ram also recently made the following trade(s):

• On Tuesday, January 21st, Ranjana Ram sold 6,615 shares of Priority Technology stock. The shares were sold at an average price of $7.44, for a total transaction of $49,215.60.

Priority Technology Trading Down 4.6 %

Shares of NASDAQ PRTH opened at $9.03 on Friday. The firm has a market capitalization of $697.12 million, a PE ratio of -21.50 and a beta of 1.17. Priority Technology Holdings, Inc. has a 1 year low of $2.82 and a 1 year high of $12.44. The firm’s 50-day moving average is $9.76 and its 200-day moving average is $7.21.

Priority Technology (NASDAQ:PRTH) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.12. The company had revenue of $227.05 million for the quarter, compared to analyst estimates of $221.15 million. Priority Technology had a net margin of 1.96% and a negative return on equity of 15.86%. During the same quarter last year, the firm earned ($0.16) EPS. As a group, equities research analysts anticipate that Priority Technology Holdings, Inc. will post -0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Rebalance LLC bought a new position in Priority Technology during the 3rd quarter worth approximately $4,822,000. Barclays PLC boosted its stake in Priority Technology by 255.9% during the 3rd quarter. Barclays PLC now owns 26,064 shares of the company’s stock worth $178,000 after acquiring an additional 18,741 shares during the last quarter. Jane Street Group LLC boosted its stake in Priority Technology by 6.1% during the 3rd quarter. Jane Street Group LLC now owns 22,347 shares of the company’s stock worth $153,000 after acquiring an additional 1,293 shares during the last quarter. Geode Capital Management LLC boosted its stake in Priority Technology by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 396,335 shares of the company’s stock worth $2,707,000 after acquiring an additional 21,598 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Priority Technology by 15.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 56,557 shares of the company’s stock worth $386,000 after acquiring an additional 7,719 shares during the last quarter. Institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PRTH. B. Riley raised their price objective on shares of Priority Technology from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods upgraded shares of Priority Technology from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $10.00 to $14.00 in a research report on Thursday, January 16th. Finally, Lake Street Capital raised their price objective on shares of Priority Technology from $8.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, November 22nd.

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.