In a filing, Paylocity Holding Corp revealed its Officer ANDREW CAPPOTELLI acquired Company’s shares for reported $0.26 million on Oct 04 ’24. In the deal valued at $169.97 per share,1,508 shares were bought.
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Then, JOSHUA MICHAEL SCUTT bought 1,975 shares, generating $335,750 in total proceeds.
Before that, Lohani Rachit sold 658 shares. Paylocity Holding Corp shares valued at $107,142 were divested by the Senior Vice President at a price of $162.83 per share. As a result of the transaction, Lohani Rachit now holds 39,764 shares, worth roughly $7.0 million.
Jefferies upgraded its Paylocity Holding Corp [PCTY] rating to a Buy from a a Hold in a research note published on October 22, 2024; the price target was increased to $200 from $145. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Jefferies also remained covering PCTY and has decreased its forecast on January 05, 2024 with a “Hold” recommendation from previously “Buy” rating. UBS started covering the stock on November 07, 2023. It rated PCTY as “a Neutral”.
Price Performance Review of PCTY
On Tuesday, Paylocity Holding Corp [NASDAQ:PCTY] saw its stock jump 0.48% to $175.97. Over the last five days, the stock has gained 0.49%. Paylocity Holding Corp shares have risen nearly 6.75% since the year began. Nevertheless, the stocks have risen 0.90% over the past one year. While a 52-week high of $184.77 was reached on 05/03/24, a 52-week low of $129.94 was recorded on 07/01/24. SMA at 50 days reached $163.68, while 200 days put it at $158.42.
Levels Of Support And Resistance For PCTY Stock
The 24-hour chart illustrates a support level at 173.63, which if violated will result in even more drops to 171.30. On the upside, there is a resistance level at 178.68. A further resistance level may holdings at 181.40. The Relative Strength Index (RSI) on the 14-day chart is 65.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.18%. Stochastics %K at 82.31% indicates the stock is a selling.
How much short interest is there in Paylocity Holding Corp?
A steep rise in short interest was recorded in Paylocity Holding Corp stocks on 2024-10-15, dropping by -0.39 million shares to a total of 1.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.83 million shares. There was a decline of -26.82%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 26, 2023 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $210 price target.
