Paylocity (PCTY) Director Steven I Sarowitz Sells $2.3M of Stock
Key Points
- Steven I Sarowitz sold 12,846 shares at an average price of $176.87, bringing his total ownership to about 4.38 million shares.
- After the trade, Steven I Sarowitz holds 4,377,469 $PCTY shares, down 0.29% from before the trade.
- Paylocity's stock recently traded around $177.19, which is about equal to its closing price on October 23, 2026.
- Analysts maintain a strong buy consensus on Paylocity, with a mean price target of $175.85.
Since the trade, $PCTY is down 0.4% to date (from the $177.19 close on Oct 23, 2026).
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On October 23, 2026, Director Steven I Sarowitz sold 12,846 shares of Paylocity Holding Corporation (PCTY) for about $2.27 million. This transaction was reported in a Form 4 filing with the SEC.
Sarowitz sold the shares at an average price of $176.87. After this sale, he holds approximately 4.38 million shares, cutting his stake by about 0.29%. This is part of a series of planned sales he has made recently.
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.
Other Institutional Activity in Paylocity
A few other funds have also adjusted their positions in Paylocity. Burney Co. increased its holdings by 19,352 shares, bringing its total to 19,352 shares worth about $2.76 million. AQR Capital Management, LLC added 1,217,371 shares, totaling 2,352,978 shares valued at approximately $415.2 million. Meanwhile, Citadel Advisors LLC trimmed its stake, selling 226,756 shares and ending with 1,498,936 shares worth about $264.5 million.
Paylocity Holding Corporation Stock Down 0.3%
Paylocity's stock recently traded around $177.19, which is about equal to its closing price on October 23. The shares are currently above their 50-day moving average by 16.5% and well above the 200-day moving average by 40.9%. However, they are slightly below the 52-week high of $178.24.
Recent Earnings
In its trailing twelve months, Paylocity reported revenue of about $1.77 billion and earnings per share (EPS) of $4.92. The company has a return on equity (ROE) of 22.0% and a net margin of 15.2%. Its next earnings report is scheduled for November 5, 2026.
Insider Buying and Selling at Paylocity Holding Corporation
Since October 16, Steven I Sarowitz has sold a total of 41,306 shares across multiple transactions. His recent sales include 5,744 shares on October 21 for about $978,108, 10,617 shares on October 20 for about $1.8 million, and 10,445 shares on October 19 for about $1.74 million.
Analysts Set New Price Targets
On October 23, 2026, Guggenheim maintained its Buy rating on Paylocity and set a price target of $200. This follows a series of ratings from other firms, including Barclays and Citizens, who have also maintained their ratings with targets ranging from $154 to $180. The consensus among analysts is a strong buy with a mean price target of $175.85.
About Paylocity
Paylocity Holding Corporation provides cloud-based software solutions for human capital management, finance, and IT in the United States. The company is headquartered in Schaumburg, Illinois, and employs about 6,900 people. Its innovative platform supports businesses in managing their workforce and financial operations efficiently.
Bottom Line
Investors should keep an eye on Paylocity's upcoming earnings report on November 5, 2026, as well as any further insider trading activity. The company continues to see strong analyst support, maintaining a favorable outlook in the software application sector.
Related Filing Alerts
Source: Steven I Sarowitz's Form 4 filing on $PCTY (Oct 23, 2026). Written by software, not financial advice. How we make alerts