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BTIG Research’s latest rating for PCTY stock

In a filing, Paylocity Holding Corp revealed its Officer KATHERINE E ROSS acquired Company’s shares for reported $45501.0 on Aug 16 ’24. In the deal valued at $153.72 per share,296 shares were bought.

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Then, Williams Toby J. sold 8,000 shares, generating $1,190,553 in total proceeds. Upon selling the shares at $148.82, the President and CEO now owns 101,639 shares.

Before that, TOBY WILLIAMS bought 8,000 shares. Paylocity Holding Corp shares valued at $1,190,542 were divested by the Officer at a price of $148.82 per share.

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 Friday, Paylocity Holding Corp [NASDAQ:PCTY] saw its stock fall -1.40% to $153.77. Over the last five days, the stock has lost -0.68%. Paylocity Holding Corp shares have fallen nearly -6.72% since the year began. Nevertheless, the stocks have fallen -21.36% over the past one year. While a 52-week high of $206.28 was reached on 05/03/24, a 52-week low of $129.94 was recorded on 07/01/24. SMA at 50 days reached $142.79, while 200 days put it at $156.81.

Levels Of Support And Resistance For PCTY Stock

The 24-hour chart illustrates a support level at 151.90, which if violated will result in even more drops to 150.04. On the upside, there is a resistance level at 155.71. A further resistance level may holdings at 157.66. The Relative Strength Index (RSI) on the 14-day chart is 56.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.97%. Stochastics%K at 67.73% 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 2024-07-31, dropping by -0.82 million shares to a total of 1.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.67 million shares. There was a decline of -44.53%, which implies that there is a negative sentiment for the stock.

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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