Paylocity Holding Corp’s recently made public that its Director Diehl Jeffrey T unloaded Company’s shares for reported $3.83 million on Mar 14 ’24. In the deal valued at $167.01 per share,22,938 shares were sold. As a result of this transaction, Diehl Jeffrey T now holds 14,019 shares worth roughly $2.42 million.
Then, Diehl Jeffrey T sold 600 shares, generating $101,292 in total proceeds. Upon selling the shares at $168.82, the Director now owns 14,001 shares.
Before that, Diehl Jeffrey T sold 24,702 shares. Paylocity Holding Corp shares valued at $4,194,579 were divested by the Director at a price of $169.81 per share. As a result of the transaction, Diehl Jeffrey T now holds 14,756 shares, worth roughly $2.54 million.
BTIG Research initiated its Paylocity Holding Corp [PCTY] rating to a Buy in a research note published on February 06, 2024; the price target was $200. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. UBS began covering PCTY with “Neutral” recommendation on November 07, 2023. BofA Securities started covering the stock on October 26, 2023. It rated PCTY as “a Neutral”.
Price Performance Review of PCTY
On Tuesday, Paylocity Holding Corp [NASDAQ:PCTY] saw its stock jump 2.48% to $172.39. Over the last five days, the stock has gained 3.56%. Paylocity Holding Corp shares have risen nearly 4.57% since the year began. Nevertheless, the stocks have fallen -8.12% over the past one year. While a 52-week high of $230.52 was reached on 02/16/24, a 52-week low of $139.40 was recorded on 01/22/24. SMA at 50 days reached $168.31, while 200 days put it at $177.91. A total of 0.43 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For PCTY Stock
The 24-hour chart illustrates a support level at 169.42, which if violated will result in even more drops to 166.44. On the upside, there is a resistance level at 173.96. A further resistance level may holdings at 175.52. The Relative Strength Index (RSI) on the 14-day chart is 58.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.73%. Stochastics %K at 48.98% indicates the stock is a holding.
How much short interest is there in Paylocity Holding Corp?
A steep rise in short interest was recorded in Paylocity Holding Corp stocks on Mar 15, 2024, dropping by 60000.0 shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.61 million shares. There was a decline of -2.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.68% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.73.
The most recent change occurred on May 30, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $199 price target.
