Paylocity Holding Corp’s recently made public that its Director Diehl Jeffrey T unloaded Company’s shares for reported $1.01 million on Nov 13 ’24. In the deal valued at $214.57 per share,4,702 shares were sold. As a result of this transaction, Diehl Jeffrey T now holds 2,517 shares worth roughly $0.5 million.
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Then, Diehl Jeffrey T sold 26,308 shares, generating $5,588,368 in total proceeds. Upon selling the shares at $212.42, the Director now owns 2,658 shares.
Before that, Sarowitz Steven I sold 12,534 shares. Paylocity Holding Corp shares valued at $2,666,354 were divested by the Director at a price of $212.73 per share. As a result of the transaction, Sarowitz Steven I now holds 9,337,251 shares, worth roughly $1.85 billion.
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 Friday, Paylocity Holding Corp [NASDAQ:PCTY] saw its stock fall -3.75% to $197.79. Over the last five days, the stock has lost -6.33%. Paylocity Holding Corp shares have risen nearly 19.98% since the year began. Nevertheless, the stocks have risen 28.29% over the past one year. While a 52-week high of $215.68 was reached on 11/11/24, a 52-week low of $129.94 was recorded on 07/01/24. SMA at 50 days reached $174.91, while 200 days put it at $161.33.
Levels Of Support And Resistance For PCTY Stock
The 24-hour chart illustrates a support level at 194.83, which if violated will result in even more drops to 191.86. On the upside, there is a resistance level at 203.13. A further resistance level may holdings at 208.46. The Relative Strength Index (RSI) on the 14-day chart is 58.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.93%. Stochastics %K at 74.46% 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 2024-10-31, dropping by -0.39 million shares to a total of 1.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.51 million shares. There was a decline of -34.42%, 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.
