SEC EDGARSEP 11 min read$PCTY

Sarowitz Steven I sold $809K of PCTY

Sarowitz Steven I sold 5,100 shares of Paylocity Holding Corp (PCTY) at an average of $158.56 ($158.12–$159.36, $0.81M total) across 3 trades on 2026-08-28 under a Rule 10b5-1 trading plan.

Original reporting

SEC EDGAR · Sarowitz Steven I

Published Sep 1, 2026, 8:03 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Sep 1, 2026, 9:25 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

Neutral

medium confidence

Mentioned

$PCTY

Relevance

4/10

AlphAI data visualization · based on SEC EDGAR

Decision brief

The 30-second read

$PCTYNeutralLow

Why it matters

The disclosed sale is the first public report of the transaction, providing new data on insider activity.

Market read

While the filing is a primary disclosure, the modest size limits market impact.

What to watch

Potential tax planning or diversification needs for the director.

Relevance 4/10Novelty 5/10Timing: Form 4 filed Sep 1 2026 (post‑market)

Background

Paylocity (PCTY) is a cloud‑based payroll and HR software provider listed on NASDAQ.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$PCTYNeutralMedium confidence

Context

Director Steven Sarowitz sold 5,100 shares for $808,632.65 via a 10b5‑1 plan on Aug 28, 2026.

Expected impact

Potential short‑term downward pressure, likely limited to a few cents.

Evidence & confidence

Sale represents ~0.11% of post‑transaction holdings; market typically discounts small insider sales.

Market effects

Sector

Minimal impact on HR‑tech sector; insider activity not likely to shift sector sentiment.

Regional

US market only; no broader regional effect.

Global

Low

Counterpoint

What could challenge this read

Sale could be routine liquidity event rather than a negative signal.

Key entities

Director
Steven Sarowitz
10% owner of Paylocity who executed the sale.
Company
Paylocity Holding Corp
Issuer of the shares sold.

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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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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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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

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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.