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

Priority Technology (NASDAQ:PRTH) had its price objective upped by research analysts at Keefe, Bruyette & Woods from $9.00 to $10.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 24.69% from the company’s previous close.

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

Priority Technology Trading Down 4.0 %

Priority Technology stock opened at $8.02 on Friday. The firm has a 50-day moving average price of $6.63 and a 200-day moving average price of $5.51. The firm has a market capitalization of $618.87 million, a PE ratio of -19.10 and a beta of 1.01. Priority Technology has a 12-month low of $2.79 and a 12-month high of $9.25.

Insider Transactions at Priority Technology

In other news, CAO Rajiv Kumar sold 10,000 shares of Priority Technology stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the insider now directly owns 1,085,158 shares in the company, valued at approximately $5,870,704.78. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,302 shares of company stock valued at $286,501 in the last 90 days. Insiders own 76.30% of the company’s stock.

Institutional Trading of Priority Technology

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in Priority Technology during the 1st quarter worth approximately $50,000. Williams & Novak LLC purchased a new stake in Priority Technology during the 2nd quarter worth approximately $77,000. State Board of Administration of Florida Retirement System purchased a new stake in Priority Technology during the 1st quarter worth approximately $91,000. BNP Paribas Financial Markets grew its position in Priority Technology by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,983 shares of the company’s stock worth $109,000 after purchasing an additional 6,096 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Priority Technology during the 3rd quarter worth approximately $112,000. 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.