Priority Technology Holdings, Inc. $PRTH Shares Acquired by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) by 44.6% in the second quarter, Holdings Channel reports. The firm owned 136,960 shares of the company’s stock after acquiring an additional 42,260 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Priority Technology were worth $1,066,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of Priority Technology by 160.1% in the 4th quarter. Bank of America Corp DE now owns 32,980 shares of the company’s stock valued at $388,000 after acquiring an additional 20,299 shares during the period. Rhumbline Advisers boosted its holdings in Priority Technology by 10.2% in the 1st quarter. Rhumbline Advisers now owns 26,131 shares of the company’s stock worth $178,000 after acquiring an additional 2,425 shares during the period. Hennessy Advisors Inc. purchased a new position in Priority Technology in the 1st quarter worth approximately $170,000. Ritholtz Wealth Management lifted its position in shares of Priority Technology by 140.9% during the first quarter. Ritholtz Wealth Management now owns 59,686 shares of the company’s stock worth $407,000 after purchasing an additional 34,906 shares in the last quarter. Finally, Advisor Resource Council acquired a new stake in Priority Technology during the 1st quarter valued at $328,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Priority Technology Trading Up 2.2%

Shares of PRTH opened at $6.98 on Monday. The business’s 50-day moving average price is $7.51 and its 200 day moving average price is $7.52. The stock has a market capitalization of $557.84 million, a P/E ratio of 26.85 and a beta of 1.86. Priority Technology Holdings, Inc. has a 1-year low of $5.01 and a 1-year high of $12.47.

Priority Technology (NASDAQ:PRTH) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $239.81 million during the quarter, compared to analyst estimates of $239.63 million. Priority Technology had a net margin of 4.03% and a negative return on equity of 47.35%. Priority Technology has set its FY 2025 guidance at EPS. On average, research analysts predict that Priority Technology Holdings, Inc. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PRTH has been the subject of several recent analyst reports. Zacks Research downgraded Priority Technology from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Priority Technology in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Priority Technology from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Cowen reissued a “buy” rating on shares of Priority Technology in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

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.