Sean Kiewiet Sells 10,000 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) Stock

Priority Technology Holdings, Inc. (NASDAQ:PRTH) CTO Sean Kiewiet sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $7.12, for a total transaction of $71,200.00. Following the transaction, the chief technology officer now owns 1,861,659 shares in the company, valued at $13,255,012.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, March 29th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The stock was sold at an average price of $6.87, for a total transaction of $68,700.00.
  • On Monday, March 22nd, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $8.60, for a total transaction of $86,000.00.
  • On Monday, March 15th, Sean Kiewiet sold 5,310 shares of Priority Technology stock. The shares were sold at an average price of $7.67, for a total transaction of $40,727.70.
  • On Tuesday, March 2nd, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $8.95, for a total transaction of $89,500.00.
  • On Tuesday, February 16th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $7.94, for a total transaction of $79,400.00.
  • On Monday, February 1st, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $7.40, for a total transaction of $74,000.00.
  • On Monday, January 25th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $7.47, for a total transaction of $74,700.00.
  • On Tuesday, January 19th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $7.90, for a total transaction of $79,000.00.
  • On Monday, January 11th, Sean Kiewiet sold 10,000 shares of Priority Technology stock. The shares were sold at an average price of $6.91, for a total transaction of $69,100.00.

NASDAQ:PRTH opened at $7.01 on Thursday. The company has a market capitalization of $471.21 million, a PE ratio of 25.04 and a beta of 0.74. Priority Technology Holdings, Inc. has a 52-week low of $1.33 and a 52-week high of $9.50. The stock has a fifty day simple moving average of $7.98 and a 200-day simple moving average of $5.90.

Priority Technology (NASDAQ:PRTH) last announced its earnings results on Tuesday, March 16th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.07. On average, equities analysts forecast that Priority Technology Holdings, Inc. will post -0.91 EPS for the current year.

A number of hedge funds have recently made changes to their positions in PRTH. State Street Corp raised its stake in Priority Technology by 37.4% in the 3rd quarter. State Street Corp now owns 103,004 shares of the company’s stock valued at $325,000 after purchasing an additional 28,011 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Priority Technology in the 4th quarter valued at about $521,000. BlackRock Inc. raised its stake in Priority Technology by 7.0% in the 4th quarter. BlackRock Inc. now owns 343,077 shares of the company’s stock valued at $2,415,000 after purchasing an additional 22,488 shares during the last quarter. Wells Fargo & Company MN raised its stake in Priority Technology by 19.5% in the 4th quarter. Wells Fargo & Company MN now owns 11,814 shares of the company’s stock valued at $83,000 after purchasing an additional 1,925 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Priority Technology by 6.3% in the 4th quarter. Northern Trust Corp now owns 107,388 shares of the company’s stock valued at $756,000 after purchasing an additional 6,342 shares during the last quarter. 5.56% of the stock is owned by hedge funds and other institutional investors.

PRTH has been the topic of a number of analyst reports. Alliance Global Partners lifted their price objective on shares of Priority Technology from $16.00 to $18.50 in a research report on Tuesday, March 9th. Cowen assumed coverage on shares of Priority Technology in a research report on Monday. They set an “outperform” rating on the stock. Roth Capital lifted their price target on Priority Technology from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, March 16th. Finally, Zacks Investment Research raised Priority Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, March 10th.

Priority Technology Company Profile

Priority Technology Holdings, Inc provides merchant acquiring and commercial payment solutions in the United States. It operates through three segments: Consumer Payments, Commercial Payments, and Integrated Partners. The company offers MX product suite, including MX ISO/Agent and VIMAS reseller technology systems, and MX Merchant products, which provide resellers and merchant clients a customizable set of business applications that enable business work functions and revenue performance management.

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