SEC EDGAROCT 191 min read$PCTY

Sarowitz Steven I sold $913K of PCTY

Sarowitz Steven I sold 5,500 shares of Paylocity Holding Corp (PCTY) at an average of $166.05 ($165.34–$168.58, $0.91M total) across 4 trades on 2026-10-16 under a Rule 10b5-1 trading plan.

Original reporting

SEC EDGAR · Sarowitz Steven I

Published Oct 19, 2026, 8:32 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Oct 19, 2026, 8:35 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 may lead to short‑term price softness but is unlikely to drive a sustained move.

Market read

Insider sales are monitored by traders; this filing provides fresh data for short‑term positioning.

What to watch

Potential upcoming earnings or strategic announcements could offset the sell pressure.

Relevance 4/10Novelty 4/10Timing: after-market today

Background

SEC Form 4 filing discloses an insider transaction by a director and 10% owner of Paylocity.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$PCTYNeutralMedium confidence

Context

Director Steven Sarowitz sold $913K of Paylocity shares via a 10b5-1 plan on 2026-10-16.

Expected impact

likely slight downward pressure as the market prices the insider sell.

Evidence & confidence

A $913K sale by a 10% owner is material enough to be noted but the amount is modest relative to market cap.

Market effects

Sector

Minimal impact on the broader HR‑software sector.

Regional

No significant regional effect.

Global

Limited to investors tracking insider activity.

Counterpoint

What could challenge this read

The sale could be a routine liquidity move and not indicative of negative fundamentals.

Key entities

Company
Paylocity Holding Corp
Provider of cloud‑based payroll and HR software.
Individual
Steven I. Sarowitz
Director and 10% owner of Paylocity.

Read at source ← All news

OCT 8

$PCTYMed

Paylocity Holding Corporation (PCTY) Stock Forecasts

Argus raised its target price for Paylocity (PCTY) to $161.00. Paylocity is a cloud-based human capital management and payroll platform for midmarket customers, founded in 1997.

finance.yahoo.com1 min

SEP 29

$PCTYMed

Paylocity expansion beyond payroll backs Bank of America "buy"

Bank of America reinstated coverage of Paylocity (PCTY) with a 'buy' rating and $175 price target, citing expansion into finance, IT, and AI. The broker forecasts 10% revenue growth in FY2027, above market expectations of 7%, and expects free cash flow margins to rise from 24% to 30%. Cross-selling, new products, and share gains could drive further upside, according to the report.

proactiveinvestors.com2 min

SEP 17

$PCTYMedAI 8/10

Paylocity’s (PCTY) Record Profits Come With A Slowing Growth Forecast

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.

insidermonkey.com3 min

SEP 11

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Q2 Earnings Highs And Lows: Intuit (NASDAQ:INTU) Vs The Rest Of The Finance and HR Software Stocks

Intuit (INTU) reported Q2 revenue of $4.35B, up 13.7% YoY, but missed EPS guidance, causing shares to drop 12.5%. American Express Global Business Travel (GBTG) saw 37.9% revenue growth, beating estimates. Marqeta (MQ) reported $176M revenue, up 17% YoY, but missed guidance. Paylocity (PCTY) beat estimates with 11% growth. BlackLine (BL) reported $187.8M revenue, in line with expectations but down 13.2% post-earnings.

yahoo.com3 min

SEP 10

$PCTYMedAI 8/10

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.

tradingview.com3 min

SEP 8

$ASURHighAI 8/10

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.

finance.yahoo.com3 min