Paylocity Holding Corp’s recently made public that its Director Sarowitz Steven I unloaded Company’s shares for reported $5.12 million on Mar 24 ’25. In the deal valued at $194.91 per share,26,252 shares were sold. As a result of this transaction, Sarowitz Steven I now holds 420,000 shares worth roughly $73.45 million.
Then, Sarowitz Steven I sold 24,200 shares, generating $4,627,955 in total proceeds. Upon selling the shares at $191.24, the Director now owns 446,252 shares.
Before that, Sarowitz Steven I sold 23,243 shares. Paylocity Holding Corp shares valued at $4,439,367 were divested by the Director at a price of $191.00 per share. As a result of the transaction, Sarowitz Steven I now holds 470,452 shares, worth roughly $82.27 million.
Mizuho upgraded its Paylocity Holding Corp [PCTY] rating to an Outperform from a a Neutral in a research note published on January 31, 2025; the price target was increased to $235 from $200. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Jefferies also remained covering PCTY and has increased its forecast on October 22, 2024 with a “Buy” recommendation from previously “Hold” rating. BTIG Research started covering the stock on February 06, 2024. It rated PCTY as “a Buy”.
Price Performance Review of PCTY
On Friday, Paylocity Holding Corp [NASDAQ:PCTY] saw its stock fall -4.31% to $174.88. Over the last five days, the stock has lost -6.15%. Paylocity Holding Corp shares have fallen nearly -12.33% since the year began. Nevertheless, the stocks have risen 5.12% over the past one year. While a 52-week high of $223.80 was reached on 02/07/25, a 52-week low of $129.94 was recorded on 04/04/25. SMA at 50 days reached $199.45, while 200 days put it at $178.89.
Levels Of Support And Resistance For PCTY Stock
The 24-hour chart illustrates a support level at 171.36, which if violated will result in even more drops to 167.84. On the upside, there is a resistance level at 179.10. A further resistance level may holdings at 183.33. The Relative Strength Index (RSI) on the 14-day chart is 30.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.32%. Stochastics %K at 29.04% 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 2025-03-14, dropping by 393.0 shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.19 million shares. There was a decline of -0.03%, which implies that there is a negative sentiment for the stock.
