Segall Bryant & Hamill LLC Takes $929,000 Position in Priority Technology Holdings, Inc. $PRTH

Segall Bryant & Hamill LLC purchased a new stake in Priority Technology Holdings, Inc. (NASDAQ:PRTH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 135,234 shares of the company’s stock, valued at approximately $929,000. Segall Bryant & Hamill LLC owned about 0.17% of Priority Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Priority Technology in the second quarter worth about $29,000. Strs Ohio bought a new stake in shares of Priority Technology in the 1st quarter valued at approximately $46,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Priority Technology during the 2nd quarter valued at approximately $82,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Priority Technology by 25.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,030 shares of the company’s stock valued at $89,000 after acquiring an additional 2,648 shares in the last quarter. Finally, Savant Capital LLC bought a new position in Priority Technology during the second quarter worth $101,000. Institutional investors and hedge funds own 11.52% of the company’s stock.

Priority Technology Stock Down 2.6%

NASDAQ:PRTH opened at $5.62 on Friday. The business’s 50-day moving average price is $5.66 and its 200 day moving average price is $6.34. Priority Technology Holdings, Inc. has a 52-week low of $4.44 and a 52-week high of $8.89. The firm has a market cap of $460.11 million, a P/E ratio of 10.60 and a beta of 1.39.

Analysts Set New Price Targets

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

Priority Technology Company Profile

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.