Segall Bryant & Hamill LLC Takes Position in Priority Technology Holdings, Inc. $PRTH

Segall Bryant & Hamill LLC bought a new stake in shares of Priority Technology Holdings, Inc. (NASDAQ:PRTH) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 135,234 shares of the company’s stock, valued at approximately $929,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. State of Wyoming lifted its holdings in Priority Technology by 4.5% in the 3rd quarter. State of Wyoming now owns 47,259 shares of the company’s stock worth $325,000 after purchasing an additional 2,051 shares during the last quarter. Rhumbline Advisers grew its holdings in Priority Technology by 10.2% during the first quarter. Rhumbline Advisers now owns 26,131 shares of the company’s stock valued at $178,000 after purchasing an additional 2,425 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Priority Technology by 25.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,030 shares of the company’s stock valued at $89,000 after purchasing an additional 2,648 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Priority Technology in the second quarter valued at approximately $29,000. Finally, Strs Ohio bought a new position in shares of Priority Technology in the first quarter valued at approximately $46,000. 11.52% of the stock is currently owned by hedge funds and other institutional investors.

Priority Technology Stock Down 2.6%

Priority Technology stock opened at $5.62 on Friday. The stock has a 50-day simple moving average of $5.66 and a 200 day simple moving average of $6.34. The stock has a market capitalization of $460.11 million, a price-to-earnings ratio of 10.60 and a beta of 1.39. Priority Technology Holdings, Inc. has a 12-month low of $4.44 and a 12-month high of $8.89.

Analyst Upgrades and Downgrades

PRTH has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Priority Technology in a research report on Monday, December 29th. Keefe, Bruyette & Woods cut Priority Technology from a “moderate buy” rating to a “hold” rating and reduced their price objective for the company from $9.00 to $6.00 in a research report on Tuesday, November 11th. Zacks Research upgraded shares of Priority Technology from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Finally, Wall Street Zen raised shares of Priority Technology from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.50.

About Priority Technology

Priority Technology Acquisition Corp is a special purpose acquisition company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization or similar business combination with one or more businesses in the technology sector. As a blank-check company, it does not conduct any operations of its own and holds the proceeds from its initial public offering in a trust account pending the identification and completion of a business combination.

The company’s management team is focused on evaluating target businesses that offer scalable technology products or services, including software, digital platforms and related infrastructure.