Priority Technology Holdings, Inc. (NASDAQ:PRTH – Get Free Report) insider Sean Kiewiet sold 9,875 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.45, for a total value of $34,068.75. Following the completion of the sale, the insider now directly owns 1,291,705 shares of the company’s stock, valued at $4,456,382.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sean Kiewiet also recently made the following trade(s):

• On Friday, May 24th, Sean Kiewiet sold 9,852 shares of Priority Technology stock. The shares were sold at an average price of $4.51, for a total value of $44,432.52.
• On Monday, May 20th, Sean Kiewiet sold 21,100 shares of Priority Technology stock. The shares were sold at an average price of $3.48, for a total value of $73,428.00.
• On Thursday, May 16th, Sean Kiewiet sold 8,061 shares of Priority Technology stock. The shares were sold at an average price of $3.46, for a total value of $27,891.06.
• On Tuesday, May 14th, Sean Kiewiet sold 6,001 shares of Priority Technology stock. The shares were sold at an average price of $3.54, for a total value of $21,243.54.
• On Wednesday, May 1st, Sean Kiewiet sold 1,305 shares of Priority Technology stock. The shares were sold at an average price of $3.18, for a total value of $4,149.90.
• On Monday, April 1st, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $3.30, for a total value of $33,000.00.

Priority Technology Trading Up 6.7 %

Priority Technology stock opened at $4.46 on Friday. Priority Technology Holdings, Inc. has a twelve month low of $2.62 and a twelve month high of $5.03. The stock has a 50 day moving average of $3.32 and a two-hundred day moving average of $3.36. The stock has a market capitalization of $357.11 million, a price-to-earnings ratio of -7.69 and a beta of 0.87.

Priority Technology (NASDAQ:PRTH – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Priority Technology had a negative return on equity of 3.11% and a net margin of 0.57%. The company had revenue of $205.72 million during the quarter, compared to analysts’ expectations of $209.08 million. During the same period last year, the firm earned ($0.15) EPS. Equities analysts predict that Priority Technology Holdings, Inc. will post -0.27 earnings per share for the current year.

Hedge Funds Weigh In On Priority Technology

Large investors have recently modified their holdings of the business. PFG Investments LLC purchased a new position in shares of Priority Technology during the 1st quarter worth approximately $37,000. Virtu Financial LLC purchased a new position in shares of Priority Technology during the 1st quarter worth approximately $50,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Priority Technology during the 1st quarter worth approximately $91,000. Panagora Asset Management Inc. raised its stake in shares of Priority Technology by 22.5% during the 4th quarter. Panagora Asset Management Inc. now owns 42,602 shares of the company’s stock worth $152,000 after buying an additional 7,812 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Priority Technology in the 1st quarter valued at approximately $164,000. 11.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on Priority Technology

About Priority Technology

(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.

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