Renaissance Technologies LLC Has $2.85 Million Holdings in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Renaissance Technologies LLC increased its holdings in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH - Free Report) by 405.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 242,200 shares of the company's stock after buying an additional 194,300 shares during the quarter. Renaissance Technologies LLC owned 0.31% of Priority Technology worth $2,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PRTH. Invesco Ltd. bought a new position in shares of Priority Technology during the fourth quarter worth about $4,883,000. Wells Fargo & Company MN raised its holdings in shares of Priority Technology by 53.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,593 shares of the company's stock valued at $101,000 after purchasing an additional 3,006 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Priority Technology in the fourth quarter valued at approximately $56,000. O Shaughnessy Asset Management LLC lifted its position in shares of Priority Technology by 91.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 51,652 shares of the company's stock worth $607,000 after purchasing an additional 24,661 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Priority Technology during the fourth quarter worth $2,471,000. 11.52% of the stock is currently owned by institutional investors.

Priority Technology Trading Down 1.6 %

Shares of PRTH traded down $0.12 during mid-day trading on Monday, reaching $7.23. The company's stock had a trading volume of 247,552 shares, compared to its average volume of 282,833. The stock has a market cap of $574.92 million, a P/E ratio of -17.21 and a beta of 1.20. Priority Technology Holdings, Inc. has a 1-year low of $3.07 and a 1-year high of $12.47. The business has a 50-day simple moving average of $7.88 and a two-hundred day simple moving average of $8.58.

Analyst Ratings Changes

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

About Priority Technology

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.