XTX Topco Ltd Takes Position in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

XTX Topco Ltd bought a new position in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,021 shares of the company’s stock, valued at approximately $270,000.

Several other large investors have also recently bought and sold shares of the business. National Bank of Canada FI purchased a new position in shares of Priority Technology during the fourth quarter worth about $56,000. Virtu Financial LLC acquired a new stake in shares of Priority Technology in the 3rd quarter valued at about $91,000. SG Americas Securities LLC purchased a new position in Priority Technology during the 4th quarter worth approximately $100,000. Wells Fargo & Company MN increased its position in Priority Technology by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,593 shares of the company’s stock worth $101,000 after buying an additional 3,006 shares during the period. Finally, Corient Private Wealth LLC purchased a new stake in Priority Technology in the fourth quarter valued at approximately $118,000. Hedge funds and other institutional investors own 11.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. TD Cowen raised shares of Priority Technology to a “strong-buy” rating in a report on Tuesday, March 18th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $12.00 price objective (down from $14.00) on shares of Priority Technology in a research note on Friday, March 7th.

Priority Technology Stock Performance

PRTH stock opened at $7.35 on Friday. The stock has a market capitalization of $584.46 million, a PE ratio of -17.50 and a beta of 1.20. The company has a fifty day moving average of $7.88 and a 200-day moving average of $8.55. Priority Technology Holdings, Inc. has a one year low of $3.07 and a one year high of $12.47.

Priority Technology Profile

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.