Priority Technology Holdings, Inc. (NASDAQ:PRTH) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC decreased its holdings in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) by 9.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 972,669 shares of the company’s stock after selling 105,548 shares during the period. TimesSquare Capital Management LLC’s holdings in Priority Technology were worth $3,463,000 at the end of the most recent reporting period.

Insider Activity

In other Priority Technology news, insider Sean Kiewiet sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $3.30, for a total value of $33,000.00. Following the completion of the sale, the insider now owns 1,351,853 shares in the company, valued at $4,461,114.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 76.30% of the company’s stock.

Priority Technology Trading Up 1.7 %

NASDAQ:PRTH traded up $0.06 during midday trading on Friday, reaching $3.54. The company had a trading volume of 3,403 shares, compared to its average volume of 29,238. The stock’s fifty day simple moving average is $3.21 and its 200-day simple moving average is $3.34. Priority Technology Holdings, Inc. has a 12-month low of $2.62 and a 12-month high of $5.03. The firm has a market capitalization of $268.30 million, a price-to-earnings ratio of -5.62 and a beta of 0.87.

Priority Technology (NASDAQ:PRTH) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $205.72 million for the quarter, compared to analyst estimates of $209.08 million. During the same quarter last year, the firm earned ($0.15) EPS. As a group, sell-side analysts expect that Priority Technology Holdings, Inc. will post -0.27 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley lifted their target price on shares of Priority Technology from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th.

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.