SEC EDGARAUG 311 min read$PCTY

Sarowitz Steven I sold $3.1M of PCTY

Sarowitz Steven I sold 19,459 shares of Paylocity Holding Corp (PCTY) at an average of $157.78 ($155.53–$158.31, $3.07M total) across 4 trades on 2026-08-27 under a Rule 10b5-1 trading plan.

Original reporting

SEC EDGAR · Sarowitz Steven I

Published Aug 31, 2026, 8:02 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Aug 31, 2026, 8:23 PM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

About AlphAI AI Desk Scoring methodology Report an issue

AlphAI market briefInsider activity

Primary signal

$PCTY

Bearish

medium confidence

Mentioned

$PCTY

Relevance

5/10

AlphAI data visualization · based on SEC EDGAR

Decision brief

The 30-second read

$PCTYBearishLow

Why it matters

The disclosed sale provides fresh data on insider sentiment for Paylocity.

Market read

First‑report insider sale; modest size but noteworthy for traders monitoring insider activity.

What to watch

Sale executed via multiple trades at slightly increasing prices, possibly to avoid market impact.

Relevance 5/10Novelty 5/10Timing: filed after market close on 2026-08-31

Background

SEC Form 4 filing discloses insider transactions; investors track these for signals.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$PCTYBearishMedium confidence

Context

Director Steven Sarowitz sold 19,459 shares for $3.07M via a 10b5‑1 plan.

Expected impact

Short-term dip expected; monitor for further insider activity.

Evidence & confidence

Sale size is modest relative to holdings but indicates liquidity need; market may react negatively.

Market effects

Sector

Minimal; Paylocity operates in HR SaaS, no sector-wide impact.

Regional

None; US‑listed micro‑cap only.

Global

Low

Counterpoint

What could challenge this read

Insider sale may be routine under a pre‑arranged plan, not a bearish signal.

Key entities

Company
Paylocity Holding Corp
US‑listed HR SaaS provider (ticker PCTY).
Insider
Steven Sarowitz
Director and 10% owner of Paylocity.

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Paylocity (PCTY) reported fiscal 2026 revenue growth of 11% and EPS growth of 22.4%, with $697.8M spent on buybacks. However, fiscal 2027 guidance projects slower growth of 7-8%. The company expanded margins and acquired AI tools, but faces deceleration concerns.

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SEP 10

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HR Software Stocks Q2 Teardown: Paylocity (NASDAQ:PCTY) Vs The Rest

Paylocity (PCTY) reported Q2 revenue of $444.7M, up 11% YoY, beating estimates by 3.1%. Paycom (PAYC) saw revenue of $531.2M, up 9.8%, outperforming by 3.5%. Asure Software (ASUR) grew 23.2% to $37.11M but missed billings estimates. Paychex (PAYX) reported $1.61B, up 12.5%, meeting expectations. Group revenues beat consensus by 1.7%, with shares up 10.4% on average post-earnings.

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SEP 8

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HR Software Stocks Q2 Results: Benchmarking Asure Software (NASDAQ:ASUR)

Paycom (NYSE:PAYC) reported Q2 revenue of $531.2M, up 9.8% YoY, beating estimates by 3.5%. Paychex (NASDAQ:PAYX) reported $1.61B in revenue, up 12.5% YoY, in line with expectations. Paylocity (NASDAQ:PCTY) reported $444.7M in revenue, up 11% YoY, beating estimates by 3.1%. All three stocks have risen since reporting results.

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SEP 1

$INTUHighAI 8/10

Q2 Earnings Highlights: BILL (NYSE:BILL) Vs The Rest Of The Finance and HR Software Stocks

Intuit (INTU) reported Q2 revenue of $4.35B, up 13.7% YoY, but guidance showed slowing growth. Workiva (WK) reported $255.3M in revenue, up 18.6% YoY, and beat EPS and income estimates. Paylocity (PCTY) reported $444.7M in revenue, up 11% YoY, and exceeded income and EBITDA guidance. WK and PCTY stocks rose 29.7% and 12.3% since reporting, respectively.

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AUG 20

$PAYXMedAI 8/10

HR Software Stocks Q2 Recap: Benchmarking Paychex (NASDAQ:PAYX)

Paychex (PAYX) and peers reported Q2 earnings, with revenues beating estimates by 1.7% on average. PAYX reported $1.61B revenue, up 12.5% YoY, meeting expectations. Paycom (PAYC) outperformed with $531.2M revenue, up 9.8% YoY, and raised full-year guidance. Asure Software (ASUR) grew 23.2% but missed billings estimates. Paylocity (PCTY) reported $444.7M revenue, up 11% YoY, and beat adjusted operating income estimates.