Paylocity (PCTY) Director Steven I Sarowitz Sells $913K of Stock
Key Points
- Paylocity Holding Corporation director Steven I Sarowitz sold 5,500 shares on October 16, 2026, for roughly $913,278 under a pre-arranged Rule 10b5-1 plan.
- After the trade, Steven I Sarowitz holds 4,425,201 $PCTY shares, down 0.12% from before the trade.
- The company generated trailing twelve month revenue of $1.77 billion and earned $4.92 per share, with its next earnings report scheduled for November 5, 2026.
- Several Wall Street firms updated their views on the stock recently, including Barclays maintaining an Equal-Weight rating and a $162 price target on October 13, 2026.
Since the trade, $PCTY is down 0.1% to date (from the $166.32 close on Oct 16, 2026).
Get Paylocity Holding text alerts
We text you when insiders, Congress, analysts or big funds move on $PCTY.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Paylocity Holding Corporation alert may contain errors. Disclosures
Paylocity Holding Corporation director Steven I Sarowitz sold 5,500 shares of the company on October 16, 2026. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.
PCTY
Paylocity Holding Corporation
Inside Steven I Sarowitz's Paylocity Trade
The shares were sold at an average price of $166.05, for a total value of $913,278.85. This planned transaction took place under a pre-arranged Rule 10b5-1 trading schedule. Following the transaction, Sarowitz directly owned 4,425,201 shares of the company, which represents a reduction of about 0.12% in his holdings. On the day of the sale, Paylocity stock closed at $166.32.
Other Institutional Activity in Paylocity
Burney Co. recently took a new stake in the firm, acquiring 19,352 shares worth about $2,759,010. AQR Capital Management, LLC grew its holdings by 1,217,371 shares, ending with 2,352,978 shares worth about $390,994,349. Citadel Advisors LLC reduced its position by 226,756 shares, holding 1,498,936 shares valued at roughly $249,078,192.
Paylocity Holding Corporation Stock Holds Steady
The stock recently traded around $166.17 as of October 19, 2026, putting it about equal to its close on the day of the insider trade. Paylocity has a beta of 0.501, a current ratio of 1.089, and a debt-to-equity ratio of 10.887.
Recent Earnings
Paylocity reported trailing-twelve-month revenue of $1,771,325,952 and earnings of $4.92 per share. The company operates with a net profit margin of 15.2% and a return on equity of 22.0%. Its next earnings report is set for November 5, 2026.
Insider Buying and Selling at Paylocity Holding Corporation
Prior to this event, several other executives and directors made trades in recent months. Andrew Cappotelli sold 69 shares on September 4, 2026, at $152.37 per share for $10,514. Steven Raymond Beauchamp sold 15,000 shares on September 15, 2026, for $2,207,661. Steven I Sarowitz previously sold 17,694 shares on October 15, 2026, at an average price of $165.80 for $2,933,271.13 under a planned schedule. Steven R Beauchamp also sold 15,000 shares on October 15, 2026, at $165.22 per share for $2,478,270 in a planned sale.
Analysts Set New Price Targets
Wall Street firms have actively adjusted their price targets and ratings for Paylocity over recent months. On August 5, 2026, TD Cowen maintained a buy rating while lifting its price target from $137 to $168. Keybanc maintained an overweight rating on the same day, raising its target from $172 to $178. Shortly after, on August 6, 2026, Barclays maintained an equal-weight rating while increasing its target from $128 to $154. TD Cowen returned on August 20, 2026, to maintain a buy rating and push its target higher from $168 to $177. More recently, on October 13, 2026, Barclays maintained its equal-weight rating while nudging its target up from $154 to $162.
About Paylocity
Paylocity Holding Corporation builds cloud-based software that helps businesses manage human resources, payroll, finance, and IT operations. Based in Schaumburg, Illinois, the company provides automated tools to streamline workforce tasks for organizations across the United States.
Bottom Line
Investors will watch for the company's next earnings report on November 5, 2026, for further operational updates. Insider transactions under pre-arranged plans offer a window into executive financial management without necessarily signaling a shift in company direction.
Related Filing Alerts
Source: Steven I Sarowitz's Form 4 filing on $PCTY (Oct 16, 2026). Written by software, not financial advice. How we make alerts