Paylocity (PCTY) Director Steven I Sarowitz Sells $2.9M of Stock

Paylocity Holding Corporation director Steven I Sarowitz sold 17,694 shares of the company on October 15, 2026. According to a Form 4 filing with the U.S. Securities and Exchange Commission, the shares were sold at an average price of $165.80 for a total value of about $2.93 million.

Inside Steven I Sarowitz's Paylocity Trade

The planned transaction took place under a pre-arranged Rule 10b5-1 trading plan. Following the sale, Sarowitz still holds 4,430,701 shares of Paylocity, which amounts to a 0.4% cut in his overall stake. The stock closed at $166.25 on the day of the transaction.

Other Institutional Activity in Paylocity Holding Corporation

Burney Co grew its holdings by 19,352 shares, ending with 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 $391,347,318, a 107.2% increase. Citadel Advisors Llc reduced its holdings by 226,756 shares, ending with 1,498,936 shares worth about $249,303,046, a 13.1% decrease.

Paylocity Holding Corporation Stock Down 1.4%

Shares recently traded around $163.93 as of October 17, 2026. The stock is backed by a market capitalization of roughly $9.21 billion.

Recent Earnings

Paylocity reported trailing-twelve-month revenue of $1,771,325,952 and earnings of $4.92 per share. The company posted a net profit margin of 15.2% alongside a return on equity of 22.0%. Investors are awaiting the firm's upcoming earnings report on November 5, 2026.

Insider Buying and Selling at Paylocity Holding Corporation

Insiders at the firm have been active in recent months. Director Craig Conway sold 3,145 shares on August 27, 2026, at $156.80 for a total of $493,136. Steven I Sarowitz previously sold 5,100 shares on August 28, 2026, valued at $808,633. Officer Andrew Cappotelli sold 69 shares on September 4, 2026, at $152.37 for $10,514. Officer and director Steven Raymond Beauchamp sold 15,000 shares on September 15, 2026, for $2,207,661.

Analysts Set New Price Targets

Analyst firms have kept a close eye on the software provider. TD Cowen maintained a buy rating with a target of $168 on August 5, 2026. Keybanc maintained an overweight rating with a target of $178 on August 5, 2026. Barclays maintained an equal-weight rating with a target of $154 on August 6, 2026. TD Cowen maintained a buy rating with a target of $177 on August 20, 2026. Barclays maintained an equal-weight rating with a target of $162 on October 13, 2026. Overall, the stock carries a consensus strong buy recommendation and a mean price target of $172.60.

About Paylocity Holding Corporation

Paylocity Holding Corporation builds cloud-based software that helps businesses handle human resources, payroll, finance, and IT tasks. Headquartered in Schaumburg, Illinois, the company serves organizations looking to streamline their back-office operations through digital platforms.

Bottom Line

Insider sales executed through pre-arranged plans are common among long-serving founders and directors looking for liquidity. Shareholders will look toward the upcoming financial results on November 5, 2026, for further clues on business momentum.