GWN Securities Inc. Acquires New Stake in Priority Technology Holdings, Inc. $PRTH

GWN Securities Inc. acquired a new stake in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,168 shares of the company’s stock, valued at approximately $103,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Corebridge Financial Inc. increased its position in Priority Technology by 19.0% during the 1st quarter. Corebridge Financial Inc. now owns 10,876 shares of the company’s stock valued at $74,000 after buying an additional 1,733 shares in the last quarter. Rhumbline Advisers increased its position in Priority Technology by 10.2% during the 1st quarter. Rhumbline Advisers now owns 26,131 shares of the company’s stock valued at $178,000 after buying an additional 2,425 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Priority Technology by 25.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,030 shares of the company’s stock valued at $89,000 after purchasing an additional 2,648 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Priority Technology by 8.7% in the 1st quarter. Bank of New York Mellon Corp now owns 43,143 shares of the company’s stock worth $294,000 after purchasing an additional 3,450 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Priority Technology in the 1st quarter worth $37,000. Institutional investors own 11.52% of the company’s stock.

Analyst Upgrades and Downgrades

PRTH has been the subject of a number of research analyst reports. Cowen reissued a “buy” rating on shares of Priority Technology in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Priority Technology in a report on Wednesday, October 8th. Wall Street Zen raised Priority Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Zacks Research lowered Priority Technology from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Priority Technology Price Performance

PRTH stock opened at $6.84 on Friday. The company has a market cap of $546.65 million, a P/E ratio of 26.31 and a beta of 1.86. Priority Technology Holdings, Inc. has a 1 year low of $5.01 and a 1 year high of $12.47. The stock’s fifty day moving average price is $7.46 and its 200-day moving average price is $7.54.

Priority Technology (NASDAQ:PRTH) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $239.81 million for the quarter, compared to the consensus estimate of $239.63 million. Priority Technology had a negative return on equity of 47.35% and a net margin of 4.03%. Priority Technology has set its FY 2025 guidance at EPS. As a group, analysts expect that Priority Technology Holdings, Inc. will post -0.09 earnings per share for the current year.

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.