JPMorgan Chase & Co. Buys 66,628 Shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH)

JPMorgan Chase & Co. raised its holdings in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) by 196.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,528 shares of the company's stock after acquiring an additional 66,628 shares during the period. JPMorgan Chase & Co. owned about 0.13% of Priority Technology worth $1,181,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in Priority Technology by 6.1% in the third quarter. Jane Street Group LLC now owns 22,347 shares of the company's stock worth $153,000 after purchasing an additional 1,293 shares during the last quarter. Barclays PLC grew its position in Priority Technology by 255.9% during the 3rd quarter. Barclays PLC now owns 26,064 shares of the company's stock worth $178,000 after acquiring an additional 18,741 shares during the last quarter. Geode Capital Management LLC increased its stake in Priority Technology by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 396,335 shares of the company's stock worth $2,707,000 after purchasing an additional 21,598 shares during the period. Virtu Financial LLC bought a new stake in Priority Technology in the third quarter valued at approximately $91,000. Finally, Ritholtz Wealth Management boosted its stake in shares of Priority Technology by 99.1% during the fourth quarter. Ritholtz Wealth Management now owns 24,780 shares of the company's stock valued at $291,000 after purchasing an additional 12,336 shares during the period. 11.52% of the stock is owned by hedge funds and other institutional investors.

Priority Technology Stock Down 1.6 %

Shares of NASDAQ:PRTH traded down $0.12 on Monday, hitting $7.23. The company had a trading volume of 247,552 shares, compared to its average volume of 282,833. Priority Technology Holdings, Inc. has a 1 year low of $3.07 and a 1 year high of $12.47. The firm's 50-day simple moving average is $7.79 and its two-hundred day simple moving average is $8.59. The firm has a market capitalization of $574.92 million, a price-to-earnings ratio of -17.21 and a beta of 1.20.

Analysts Set New Price Targets

A number of research firms recently commented on PRTH. TD Cowen upgraded shares of Priority Technology to a "strong-buy" rating in a report on Tuesday, March 18th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $12.00 target price (down from $14.00) on shares of Priority Technology in a research note on Friday, March 7th.

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.