Paylocity (PCTY) Director Steven I Sarowitz Sells $2.4M of Stock
Key Points
- Steven I Sarowitz executed a planned sale of 13,700 shares at an average price of $176.05, totaling approximately $2.41 million.
- After the trade, Steven I Sarowitz holds 4,363,769 $PCTY shares, down 0.31% from before the trade.
- After this transaction, Sarowitz holds about 4.36 million shares, reducing his stake by 0.31%.
- As of October 26, 2026, Paylocity's stock trades at $176.46, just slightly below its 52-week high of $178.53.
Since the trade, $PCTY is down 3.6% to date (from the $176.46 close on Oct 26, 2026).
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On October 26, 2026, Director Steven I Sarowitz sold 13,700 shares of Paylocity Holding Corporation (PCTY) for about $2,411,870. This sale was reported in a Form 4 filing with the SEC, as required for insider transactions. Sarowitz's planned sale comes after a series of recent transactions where he sold shares earlier in the month.
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 Sarowitz's Trade
Sarowitz sold the shares at an average price of $176.05. Following this transaction, he now owns about 4.36 million shares of Paylocity, which represents a 0.31% decrease in his overall stake.
Other Institutional Activity in Paylocity
Several other institutional investors have also made moves in Paylocity. Burney Co. increased its holdings by 19,352 shares, bringing its total to 19,352 shares worth about $2,759,010. AQR Capital Management, LLC added 1,217,371 shares, resulting in a total of 2,352,978 shares valued at approximately $400.17 million, a 107.2% increase. Conversely, Citadel Advisors LLC reduced its stake by 226,756 shares, ending with 1,498,936 shares worth about $254.92 million, down 13.1%.
Paylocity Holding Corporation Stock Holds Steady
As of October 26, 2026, Paylocity's stock closed at $176.46, which is about equal to the closing price on the day of Sarowitz's sale. The stock is currently trading above its 50-day moving average by about 15.6% and its 200-day moving average by about 40.2%. However, it is slightly below its 52-week high of $178.53.
Recent Earnings
Paylocity reported trailing twelve-month revenue of approximately $1.77 billion and an EPS of $4.92. The company has a net margin of 15.2% and a return on equity of 22.0%. The next earnings report is scheduled for November 5, 2026.
Insider Buying and Selling at Paylocity Holding Corporation
Recently, Steven I Sarowitz has been active in selling shares. He sold 10,617 shares on October 20 for about $1,802,346, followed by another sale of 5,744 shares on October 21 worth about $978,108. He sold 8,080 shares on October 22 for approximately $1,426,686 and 12,846 shares on October 23 for about $2.27 million.
Analysts Set New Price Targets
On October 26, 2026, BTIG maintained a Buy rating on Paylocity with a price target of $200. Other firms, such as Citizens and Guggenheim, also maintained their ratings and adjusted their targets to $180 and $200, respectively. The consensus recommendation for Paylocity is a strong buy, with a mean target price of $178.85 based on 20 analyst opinions.
About Paylocity
Paylocity Holding Corporation provides cloud-based solutions for human capital management, finance, and IT needs in the United States. The company's software helps businesses manage employee information and payroll, making it easier for organizations to streamline their HR processes.
Bottom Line
Investors should keep an eye on Paylocity's upcoming earnings report on November 5, 2026, as well as any further insider transactions that may occur. Sarowitz's recent sales indicate a proactive approach in managing his holdings, yet it remains to be seen how these moves will impact the stock's performance moving forward.
Related Filing Alerts
Source: Steven I Sarowitz's Form 4 filing on $PCTY (Oct 26, 2026). Written by software, not financial advice. How we make alerts