Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Paylocity Holding Corp shares valued at $4,874,883 were purchased by ADAMS STREET CO-INVESTMENT FUN on Nov 07 ’24. At $210.66 per share, ADAMS STREET CO-INVESTMENT FUN acquired 23,141 shares.
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Also, Adams Street 2011 Direct Fund purchased 5,978 shares, netting a total of over 1,259,325 in proceeds.
Before that, Adams Street 2012 Direct Fund had added 5,998 shares to its account. In a trade valued at $1,263,539, the Shareholder bought Paylocity Holding Corp shares for $210.66 each.
As published in a research note from Jefferies on October 22, 2024, Paylocity Holding Corp [PCTY] has been rated up from a Hold to a Buy and the price target has been revised to $200 from $145. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of January 05, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for PCTY. Earlier on November 07, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for PCTY stock.
Analyzing PCTY Stock Performance
During the last five days, there has been a surge of approximately 14.16%. Over the course of the year, Paylocity Holding Corp shares have jumped approximately 27.82%. Shares of the company reached a 52-week high of $213.98 on 11/06/24 and a 52-week low of $129.94 on 07/01/24. A 50-day SMA is recorded $169.03, while a 200-day SMA reached $159.84. Nevertheless, trading volume fell to 0.78 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for Paylocity Holding Corp (PCTY)
According to the 24-hour chart, there is a support level at 208.37, which, if violated, would cause prices to drop to 206.03. In the upper region, resistance lies at 213.07. The next price resistance is at 215.43. RSI (Relative Strength Index) is 82.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 22.49, which suggests the price will increase in the coming days. Percent R is at 7.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
