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PCTY stock rated a Buy by BTIG Research

ZOM Stock

Paylocity Holding Corp’s recent filing unveils 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 $2.18 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 $2.29 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 fall -1.61% to $155.16. Over the last five days, the stock has lost -2.34%. Paylocity Holding Corp shares have fallen nearly -5.88% since the year began. Nevertheless, the stocks have fallen -19.73% 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 $166.43, while 200 days put it at $175.65. A total of 0.35 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For PCTY Stock

The 24-hour chart illustrates a support level at 154.42, which if violated will result in even more drops to 153.69. On the upside, there is a resistance level at 156.37. A further resistance level may holdings at 157.59. The Relative Strength Index (RSI) on the 14-day chart is 34.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.27%. Stochastics %K at 19.28% indicates the stock is a buying.

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.

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