AlphAIAlphAI — Financial news for AI agents
SEC EDGARNOV 31 min read$PCTY

Sarowitz Steven I sold $1.1M of PCTY

Sarowitz Steven I sold 6,374 shares of Paylocity Holding Corp (PCTY) at an average of $171.10 ($170.22–$172.36, $1.09M total) across 3 trades on 2026-10-30 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Sarowitz Steven I
Published Nov 3, 2026, 9:02 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 3, 2026, 9:04 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 DeskScoring methodologyReport an issue
AlphAI market briefInsider activity
Primary signal
$PCTY
Neutral
medium confidence
Mentioned
$PCTY
Relevance
5/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$PCTYNeutralLow
01

Why it matters

The disclosed sale adds transparency but is unlikely to move the stock significantly given its size relative to Paylocity's market capitalization.

02

Market read

A routine insider sale that may cause modest short‑term pressure but is not a major catalyst.

03

What to watch

Paylocity's recent earnings beat and strong hiring trends may offset the impact of this modest insider sell.

Relevance 5/10Novelty 5/10Timing: filing date 2026-11-03

Background

SEC Form 4 filings disclose insider transactions. This filing reports a director's open‑market sale of 6,374 shares at an average price of $171.10.

Company-level read

Ticker impact

$PCTYNeutralMedium confidence
Context

Director Steven Sarowitz sold $1.09M of Paylocity shares via a Form 4 filing on 2026-10-30.

Expected impact

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

Evidence & confidence

A $1.1M sale by a 10% owner is material enough to be noted but is small relative to the company's market cap, so any price effect is expected to be limited.

Market effects

Sector

None

Regional

None

Global

None

Counterpoint

What could challenge this read

The sale could be interpreted as a signal of insider concern, prompting a short‑term dip.

Key entities

  • Company
    Paylocity Holding Corp

    Provider of cloud‑based payroll and HR software, ticker PCTY.

  • Person
    Steven Sarowitz

    Director and 10% owner of Paylocity.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

PCTY insider trading history →

Related articles

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 11
$INTUMed

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