Priority Technology HoldingsPRTH
About: Priority Technology Holdings Inc is a provider of merchant acquiring and commercial payment solutions to small and medium businesses enterprises in the United States. The company has three reportable segments which are SMB Payments, B2B Payments and Enterprise Payments. SMB Payments segment which generates majority revenue provides full-service acquiring and payment-enabled solutions for B2C transactions, leveraging priority's proprietary software platform, distributed through ISO; B2B Payments segment provides AP automation solutions to corporations, software partners and industry FIs: and Enterprise Payments segment provides embedded payment and treasury solutions to enterprise customers to modernize legacy platforms and accelerate software partners' strategies to monetize payments.
Employees: 983
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
58% more capital invested
Capital invested by funds: $28.6M [Q1] → $45.3M (+$16.7M) [Q2]
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
4% more funds holding
Funds holding: 48 [Q1] → 50 (+2) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0.82% less ownership
Funds ownership: 11.53% [Q1] → 10.71% (-0.82%) [Q2]
19% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 16
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
B. Riley Securities Hal Goetsch 60% 1-year accuracy 12 / 20 met price target | 107%upside $13 | Buy Maintained | 23 Sept 2024 |
Keefe, Bruyette & Woods Timothy Switzer 67% 1-year accuracy 2 / 3 met price target | 21%downside $5 | Market Perform Maintained | 9 Aug 2024 |