Savant Capital LLC Invests $101,000 in Priority Technology Holdings, Inc. $PRTH

Savant Capital LLC purchased a new stake in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) in the 2nd quarter, Holdings Channel reports. The fund purchased 13,020 shares of the company’s stock, valued at approximately $101,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. AlphaQuest LLC bought a new stake in Priority Technology during the 1st quarter valued at $37,000. Strs Ohio bought a new position in shares of Priority Technology during the 1st quarter worth $46,000. CWM LLC increased its stake in shares of Priority Technology by 13,386.7% during the first quarter. CWM LLC now owns 8,092 shares of the company’s stock valued at $55,000 after buying an additional 8,032 shares during the period. US Bancorp DE bought a new stake in shares of Priority Technology in the first quarter valued at about $58,000. Finally, Corebridge Financial Inc. raised its holdings in shares of Priority Technology by 19.0% in the first quarter. Corebridge Financial Inc. now owns 10,876 shares of the company’s stock valued at $74,000 after acquiring an additional 1,733 shares in the last quarter. Institutional investors own 11.52% of the company’s stock.

Priority Technology Stock Up 5.7%

NASDAQ PRTH opened at $5.41 on Friday. The firm has a market cap of $442.93 million, a PE ratio of 10.21 and a beta of 1.85. Priority Technology Holdings, Inc. has a 52 week low of $4.44 and a 52 week high of $12.47. The company has a 50 day moving average price of $6.71 and a 200 day moving average price of $7.38.

Priority Technology (NASDAQ:PRTH) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Priority Technology had a negative return on equity of 60.29% and a net margin of 5.78%.The firm had revenue of $241.44 million during the quarter, compared to analysts’ expectations of $251.74 million. Priority Technology has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Priority Technology Holdings, Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PRTH shares. Industrial Alliance Securities set a $11.00 target price on shares of Priority Technology in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of Priority Technology from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Alliance Global Partners reissued a “buy” rating on shares of Priority Technology in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Priority Technology in a report on Wednesday. Finally, Keefe, Bruyette & Woods cut Priority Technology from a “moderate buy” rating to a “hold” rating and dropped their target price for the company from $9.00 to $6.00 in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Priority Technology Company 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.