Paylocity director Steven Sarowitz sells $3.7M in company stock

Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp (NASDAQ:PCTY), recently sold shares of the company’s common stock totaling approximately $3,698,801. These transactions occurred on October 22 and October 23, 2026, and were conducted under a pre-arranged 10b5-1 trading plan adopted on December 15, 2025.

On October 22, Mr. Sarowitz disposed of 8,080 shares at a price of $176.57 per share. The following day, October 23, he sold an additional 10,398 shares at a weighted average price ranging from $176.17 to $177.17. On the same day, another 2,448 shares were sold at a weighted average price between $177.18 and $177.43.The sales come as Paylocity shares trade near their 52-week high of $178.53, following a strong 74% surge over the past six months. According to InvestingPro analysis, the stock remains undervalued despite recent gains, with 17 additional ProTips available to subscribers offering deeper insights into the company’s financial health and market position.

Following these transactions, Mr. Sarowitz directly holds 4,377,469 shares of Paylocity common stock. An additional 3,916,476 shares are indirectly beneficially owned through the Jessica P. Sarowitz Declaration of Trust.

In other recent news, Paylocity Holding Corp. reported its fiscal fourth-quarter results, surpassing revenue expectations but missing profit targets. For the quarter ending June 30, 2026, the company recorded adjusted earnings of $1.12 per share, falling short of the anticipated $1.61. However, revenue reached $444.7 million, exceeding the forecasted $431.37 million, driven by strong recurring sales and platform demand. Additionally, BofA Securities resumed coverage of Paylocity with a buy rating, setting a price target of $175 based on future cash flow projections. Citizens also raised its price target for Paylocity shares to $180 from $150, maintaining a Market Outperform rating. This decision was influenced by positive customer hiring data collected through its Customer Index. These recent developments highlight the ongoing interest and analysis from financial firms regarding Paylocity’s market position.