Priority Technology (NASDAQ:PRTH) Given New $10.00 Price Target at Keefe, Bruyette & Woods

Priority Technology (NASDAQ:PRTH) had its price objective boosted by Keefe, Bruyette & Woods from $9.00 to $10.00 in a research note published on Friday morning,Benzinga reports. They currently have a market perform rating on the stock.

A number of other equities analysts have also weighed in on PRTH. Lake Street Capital upped their target price on Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday. B. Riley lifted their price objective on Priority Technology from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd.

Priority Technology Stock Down 4.0 %

Shares of NASDAQ PRTH opened at $8.02 on Friday. Priority Technology has a one year low of $2.79 and a one year high of $9.25. The business’s fifty day moving average price is $6.63 and its 200-day moving average price is $5.49.

Insider Activity at Priority Technology

In related news, insider Sean Kiewiet sold 4,954 shares of Priority Technology stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $5.41, for a total transaction of $26,801.14. Following the sale, the insider now directly owns 1,085,158 shares in the company, valued at $5,870,704.78. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Rajiv Kumar sold 10,000 shares of Priority Technology stock in a transaction on Friday, September 13th. The shares were sold at an average price of $6.13, for a total value of $61,300.00. Following the transaction, the chief accounting officer now owns 11,587 shares of the company’s stock, valued at $71,028.31. The trade was a 46.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,302 shares of company stock worth $286,501 over the last ninety days. 76.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Rebalance LLC bought a new stake in shares of Priority Technology in the third quarter worth $4,822,000. Vanguard Group Inc. grew its holdings in shares of Priority Technology by 25.7% in the first quarter. Vanguard Group Inc. now owns 762,631 shares of the company’s stock worth $2,494,000 after acquiring an additional 156,044 shares during the period. Pekin Hardy Strauss Inc. bought a new stake in shares of Priority Technology in the second quarter worth $301,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Priority Technology in the first quarter worth $164,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Priority Technology in the second quarter worth $202,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

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.