Paylocity (PCTY) Director Steven I Sarowitz Sells $1.8M of Stock
Key Points
- Paylocity Holding Corporation director Steven I Sarowitz sold 10,617 shares on October 20, 2026, under a pre-arranged plan.
- After the trade, Steven I Sarowitz holds 4,404,139 $PCTY shares, down 0.24% from before the trade.
- The company reported trailing twelve month revenue of $1.77 billion alongside its net profit margin of 15.2%.
- Wall Street analysts hold a strong buy consensus with a mean price target of $174.10 ahead of upcoming earnings.
Since the trade, $PCTY is up 4.1% to date (from the $170.06 close on Oct 20, 2026).
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Paylocity Holding Corporation director Steven I Sarowitz sold 10,617 shares of stock on October 20, 2026, realizing a total value of about $1.8 million. According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed at an average price of $169.76 per share.
PCTY
Paylocity Holding Corporation
Steven I Sarowitz vs. the S&P 500
Hypothetical returns from Steven I Sarowitz's disclosed trades, not real profit or advice. How we model this.
Inside Steven I Sarowitz's Paylocity Trade
The sale took place under a pre-arranged Rule 10b5-1 trading plan. Following the transaction, Sarowitz directly holds 4,404,139 shares of the cloud-based payroll software provider. This move marks another step in a series of planned dispositions by the director through October.
Other Institutional Activity in Paylocity Holding Corporation
Large funds continue to adjust their positions in the software firm. AQR Capital Management, LLC grew its holdings by 1,217,371 shares, ending with 2,352,978 shares worth about $418.1 million. Citadel Advisors Llc reduced its stake by 226,756 shares, finishing with 1,498,936 shares valued at roughly $266.3 million. Burney Co/ opened a new position with 19,352 shares worth about $2.8 million.
Paylocity Holding Corporation Stock Up 4.5%
The stock recently traded around $177.67 as of October 22, sitting above its 50-day moving average of $150.45 and closing at $170.06 on the transaction date.
Recent Earnings
Paylocity Holding Corporation provides cloud-based human capital management software solutions. The company generated trailing twelve month revenue of $1.77 billion and earnings of $4.92 per share. Its net profit margin stood at 15.2% with a return on equity of 22.0%. Investors look ahead to the next earnings release scheduled for November 5, 2026.
Dividend
The company does not currently pay a dividend.
Insider Buying and Selling at Paylocity Holding Corporation
Earlier in October, Steven I Sarowitz completed multiple planned sales, including 17,694 shares on October 15, 5,500 shares on October 16, and 10,445 shares on October 19. Executive Chairman Steven R Beauchamp also sold 15,000 shares on October 15.
Analysts Set New Price Targets
On August 5, TD Cowen maintained a buy rating while lifting its price target from $137.00 to $168.00. Barclays kept an equal-weight rating on August 6 while raising its target to $154.00. TD Cowen updated its target to $177.00 on August 20. Barclays adjusted its target to $162.00 on October 13, and Citizens maintained a market outperform rating with a $180.00 target on October 20. The stock currently holds a consensus strong buy rating from 20 analysts.
About Paylocity Holding Corporation
Paylocity Holding Corporation builds cloud software that helps businesses handle payroll, human resources, finance, and IT tasks. Headquartered in Schaumburg, Illinois, the firm serves organizations across the United States seeking digital tools to manage their workforces.
Bottom Line
Insider sales under planned trading arrangements offer regular insight into executive stock management without signaling broader operational shifts. Market participants will watch the upcoming November earnings report for updated financial results.
Related Filing Alerts
Source: Steven I Sarowitz's Form 4 filing on $PCTY (Oct 20, 2026). Written by software, not financial advice. How we make alerts