43,106 Shares in Priority Technology Holdings, Inc. (NASDAQ:PRTH) Acquired by Jump Financial LLC

Jump Financial LLC purchased a new stake in Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 43,106 shares of the company's stock, valued at approximately $506,000. Jump Financial LLC owned 0.06% of Priority Technology at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Invesco Ltd. bought a new position in shares of Priority Technology in the fourth quarter worth $4,883,000. Geode Capital Management LLC lifted its holdings in shares of Priority Technology by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 396,335 shares of the company's stock worth $2,707,000 after acquiring an additional 21,598 shares during the period. Renaissance Technologies LLC boosted its position in shares of Priority Technology by 405.6% during the 4th quarter. Renaissance Technologies LLC now owns 242,200 shares of the company's stock worth $2,846,000 after acquiring an additional 194,300 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Priority Technology during the fourth quarter valued at approximately $2,471,000. Finally, Walleye Capital LLC bought a new stake in Priority Technology during the fourth quarter worth $1,977,000. 11.52% of the stock is owned by institutional investors.

Priority Technology Trading Down 1.6 %

NASDAQ PRTH traded down $0.12 on Monday, hitting $7.23. 247,552 shares of the company were exchanged, compared to its average volume of 282,833. Priority Technology Holdings, Inc. has a 12 month low of $3.07 and a 12 month high of $12.47. The company has a market cap of $574.92 million, a PE ratio of -17.21 and a beta of 1.20. The stock has a fifty day moving average of $7.88 and a 200-day moving average of $8.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $12.00 price target (down previously from $14.00) on shares of Priority Technology in a report on Friday, March 7th. TD Cowen raised shares of Priority Technology to a "strong-buy" rating in a report on Tuesday, March 18th.

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.