Paylocity (PCTY) Director Steven I Sarowitz Sells $978K of Stock
Key Points
- Director Steven I Sarowitz sold 5,744 shares of Paylocity Holding Corporation on October 21, 2026, for roughly $978,108 under a pre-arranged plan.
- After the trade, Steven I Sarowitz holds 4,398,395 $PCTY shares, down 0.13% from before the trade.
- Wall Street firms updated their price targets ahead of the company's next earnings report scheduled for November 5, 2026.
- The software firm recently traded around $177.67, sitting well above its 50-day and 200-day moving averages.
Since the trade, $PCTY is up 4.3% to date (from the $169.33 close on Oct 21, 2026).
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Paylocity Holding Corporation director Steven I Sarowitz sold 5,744 shares of stock on October 21, 2026, for a total value of about $978,108. According to a Form 4 filed with the SEC, the transactions took place at an average price of $170.28. Following the sale, the insider holds 4,398,395 shares. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan.
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 transaction on October 21, 2026, was executed at $170.28 per share. It follows a series of similar sales by Sarowitz earlier in the month, marking another planned adjustment to his holdings in the cloud-based software provider.
Other Institutional Activity in Paylocity Holding Corporation
Large financial institutions have also adjusted their positions in the software firm recently. Burney Co/ opened a new position by 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 $416,924,177. Citadel Advisors Llc reduced its stake by 226,756 shares, finishing the period with 1,498,936 shares valued at roughly $265,596,473.
Paylocity Holding Corporation Stock Up 4.6%
Shares recently traded around $177.67, up about 4.9% from an event-day close of $169.33 on October 21, 2026. The stock trades well above its 50-day moving average of $151.57 and its 200-day moving average of $125.64.
Recent Earnings
The company reported trailing twelve month revenue of $1.77 billion alongside basic earnings of $4.92 per share. The next earnings report is scheduled for November 5, 2026.
Insider Buying and Selling at Paylocity Holding Corporation
Earlier in October, Steven I Sarowitz completed several planned sales. On October 15, 2026, he sold 17,694 shares at an average price of $165.80 for about $2.93 million. On October 16, 2026, he sold 5,500 shares at $166.05 for roughly $913,279. On October 19, 2026, he sold 10,445 shares at $166.26 for about $1.74 million. On October 20, 2026, he sold 10,617 shares at $169.76 for roughly $1.8 million.
Analysts Set New Price Targets
TD Cowen maintained a Buy rating on August 5 with a $168 price target, up from $137. Barclays maintained an Equal-Weight rating on August 6 with a $154 target. TD Cowen later updated its target to $177 on August 20. Barclays adjusted its target to $162 on October 13 while maintaining an Equal-Weight rating. Citizens maintained a Market Outperform rating on October 20 while lifting its target to $180. Wall Street analysts maintain a consensus strong buy rating with a mean price target of $175.10 across 20 opinions.
About Paylocity Holding Corporation
Paylocity Holding Corporation provides cloud-based human capital management, finance, and IT software solutions in the United States. The Schaumburg, Illinois-based firm serves businesses looking to streamline payroll, HR, and workforce administration through digital platforms.
Bottom Line
Investors are keeping an eye on Paylocity ahead of its upcoming earnings release on November 5, 2026. Further SEC filings will show whether insiders continue adjusting their positions following these autumn transactions.
Related Filing Alerts
Source: Steven I Sarowitz's Form 4 filing on $PCTY (Oct 21, 2026). Written by software, not financial advice. How we make alerts