Paylocity director Steven Sarowitz sells $913k in company stock

Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp (NASDAQ:PCTY), sold 5,500 shares of the company’s common stock on October 16, 2026. The total value of these sales amounted to $913,278.

The transactions were executed at prices ranging from $165.00 to $168.60 per share. Specifically, shares were sold in multiple transactions at weighted average prices:

1,868 shares were sold at a weighted average price of $165.34, with individual transaction prices ranging from $165.00 to $165.78.

3,132 shares were sold at a weighted average price of $166.20, with individual transaction prices ranging from $166.01 to $166.54.

397 shares were sold at a weighted average price of $167.56, with individual transaction prices ranging from $167.35 to $167.87.

103 shares were sold at a weighted average price of $168.58, with individual transaction prices ranging from $168.46 to $168.60.

These sales were conducted under an approved 10b5-1 trading plan, which Mr. Sarowitz adopted on December 15, 2025.

Following these transactions, Mr. Sarowitz directly beneficially owns 4,425,201 shares of Paylocity common stock. Additionally, 3,916,476 shares are indirectly beneficially owned by the Jessica P. Sarowitz Declaration of Trust.

The sale comes as Paylocity stock trades near its 52-week high of $169.09, following a strong 65% return over the past six months. The company, valued at $8.82 billion, currently trades at a P/E ratio of 33.83. According to InvestingPro analysis, which offers comprehensive insights on over 1,400 US equities including detailed Pro Research Reports, the stock appears undervalued based on Fair Value calculations. The platform reveals 19 additional ProTips for investors seeking deeper analysis of Paylocity’s investment potential.

In other recent news, Paylocity Holding Corp. reported its fiscal fourth-quarter results, which showed a mixed performance. The company missed Wall Street’s profit target with adjusted earnings of $1.12 per share, falling short of the $1.61 expected by analysts. However, Paylocity exceeded revenue expectations, reporting $444.7 million compared to the forecasted $431.37 million. This revenue beat was attributed to strong recurring sales and broad platform demand. Additionally, BofA Securities resumed coverage of Paylocity with a buy rating, citing the company’s push in artificial intelligence as a key factor. The firm set a price target of $175.00 for the stock. These developments highlight Paylocity’s ongoing growth and strategic focus.