Tim O’leary Purchases 10,000 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTHGet Free Report) CFO Tim O’leary acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were bought at an average price of $4.10 per share, with a total value of $41,000.00. Following the transaction, the chief financial officer now directly owns 59,752 shares in the company, valued at approximately $244,983.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Priority Technology Price Performance

Priority Technology stock opened at $4.32 on Friday. Priority Technology Holdings, Inc. has a fifty-two week low of $2.62 and a fifty-two week high of $5.07. The firm’s 50 day simple moving average is $3.55 and its 200-day simple moving average is $3.43.

Priority Technology (NASDAQ:PRTHGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $205.72 million for the quarter, compared to the consensus estimate of $209.08 million. Priority Technology had a net margin of 0.57% and a negative return on equity of 3.11%. During the same period in the previous year, the business earned ($0.15) EPS. On average, analysts forecast that Priority Technology Holdings, Inc. will post -0.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their target price on Priority Technology from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 13th.

Get Our Latest Stock Report on PRTH

Hedge Funds Weigh In On Priority Technology

Several institutional investors and hedge funds have recently bought and sold shares of PRTH. Virtu Financial LLC acquired a new stake in shares of Priority Technology during the first quarter worth approximately $50,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Priority Technology during the 1st quarter valued at $164,000. Vanguard Group Inc. grew its holdings in shares of Priority Technology by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock valued at $2,494,000 after acquiring an additional 156,044 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Priority Technology in the first quarter worth $91,000. Finally, PFG Investments LLC purchased a new stake in shares of Priority Technology during the first quarter worth $37,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Priority Technology Company Profile

(Get 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.

Further Reading

Insider Buying and Selling by Quarter for Priority Technology (NASDAQ:PRTH)

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