Paylocity director Steven Sarowitz sells $1.68m of stock

Paylocity Holding Corp. (NASDAQ:PCTY) saw its Director and 10% owner, Steven I. Sarowitz, dispose of $1.68 million worth of the company's common stock on August 6, 2026. The director followed a pre-approved Rule 10b5-1 trading plan established on December 15, 2025. Two separate transactions were conducted, with Sarowitz selling 5,824 shares at prices between $150.00 and $151.00 per share, and another 5,312 shares at prices between $151.01 and $151.55 per share.

After these transactions, Sarowitz retained a beneficial ownership of 4,535,052 shares directly, and 3,916,476 shares indirectly through the Jessica P. Sarowitz Declaration of Trust.

Despite this insider sale, Paylocity's stock has delivered an impressive 38% return over the last six months. According to InvestingPro analysis, the company appears undervalued at its current market price, with a Fair Value estimate indicating potential upside. Paylocity maintains a substantial market capitalization of $7.87 billion and trades at a P/E ratio of 30.28.

In a recent update, Paylocity reported its fiscal fourth-quarter results, which showed a mixed performance. The company surpassed revenue expectations, generating $444.7 million compared to the forecasted $431.37 million. However, Paylocity missed Wall Street's profit target, reporting adjusted earnings of $1.12 per share, falling short of the expected $1.61. The revenue beat, roughly 3.1% above estimates, was driven by strong recurring sales and high demand for the company's platform.

The recent mixed financial performance underscores Paylocity's ongoing efforts to maintain robust cash flow and customer retention. The company's continued emphasis on increasing revenue streams is evident in its recent developments. Investors and analysts will be closely monitoring the company for further updates on its financial performance and market strategies.