John Vito Priore Sells 598,187 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) Director John Vito Priore sold 598,187 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $3.56, for a total value of $2,129,545.72. Following the sale, the director now owns 8,752,711 shares in the company, valued at $31,159,651.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Priority Technology Stock Performance

PRTH stock opened at $4.48 on Wednesday. The company’s 50 day moving average is $3.72 and its 200 day moving average is $3.48. Priority Technology Holdings, Inc. has a 1-year low of $2.62 and a 1-year high of $5.07.

Priority Technology (NASDAQ:PRTH) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $205.72 million for the quarter, compared to analysts’ expectations 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 prior year, the business earned ($0.15) earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PRTH. Virtu Financial LLC bought a new position in Priority Technology during the first quarter valued at approximately $50,000. Jacobs Levy Equity Management Inc. bought a new position in Priority Technology during the first quarter valued at approximately $164,000. Vanguard Group Inc. grew its position in Priority Technology by 25.7% during the first 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 during the last quarter. State Board of Administration of Florida Retirement System bought a new position in Priority Technology during the first quarter valued at approximately $91,000. Finally, PFG Investments LLC bought a new position in Priority Technology during the first quarter valued at approximately $37,000. 11.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

About Priority Technology

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.