Charles Schwab Investment Management Inc. Has $621,000 Stock Position in Priority Technology Holdings, Inc. (NASDAQ:PRTH)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,825 shares of the company’s stock after selling 3,732 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Priority Technology were worth $621,000 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. Geode Capital Management LLC raised its position in shares of Priority Technology by 5.8% during the third 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. Bank of New York Mellon Corp raised its holdings in Priority Technology by 12.4% during the 4th quarter. Bank of New York Mellon Corp now owns 39,693 shares of the company’s stock worth $466,000 after buying an additional 4,366 shares during the period. JPMorgan Chase & Co. lifted its stake in Priority Technology by 273.0% in the third quarter. JPMorgan Chase & Co. now owns 33,900 shares of the company’s stock valued at $232,000 after buying an additional 24,811 shares in the last quarter. Barclays PLC boosted its holdings in shares of Priority Technology by 255.9% in the third quarter. Barclays PLC now owns 26,064 shares of the company’s stock valued at $178,000 after buying an additional 18,741 shares during the period. Finally, Ritholtz Wealth Management increased its position 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 worth $291,000 after acquiring an additional 12,336 shares in the last quarter. 11.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PRTH has been the topic of several research reports. TD Cowen raised shares of Priority Technology to a “strong-buy” rating in a research report on Tuesday, March 18th. 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 report on Friday, March 7th.

Insider Buying and Selling at Priority Technology

In other news, Director John Vito Priore sold 1,242,856 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $7.44, for a total value of $9,246,848.64. Following the completion of the transaction, the director now owns 4,071,574 shares in the company, valued at $30,292,510.56. This trade represents a 23.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Ranjana Ram sold 18,385 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $7.44, for a total value of $136,784.40. Following the sale, the chief operating officer now owns 693,004 shares in the company, valued at $5,155,949.76. The trade was a 2.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,122,431 shares of company stock worth $38,110,887. Insiders own 76.30% of the company’s stock.

Priority Technology Stock Up 1.0 %

Shares of PRTH stock opened at $6.82 on Tuesday. Priority Technology Holdings, Inc. has a 12 month low of $2.82 and a 12 month high of $12.47. The company’s fifty day simple moving average is $9.31 and its 200-day simple moving average is $8.55. The firm has a market cap of $542.32 million, a PE ratio of -16.24 and a beta of 0.99.

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.