Paylocity executive chairman Steven Beauchamp sells $2.48m in stock
On October 15, 2026, Paylocity Holding Corp's Executive Chairman Steven R. Beauchamp sold 15,000 shares of the company's stock, generating a total sale value of $2,478,270. The shares were traded at prices between $161.38 and $165.96 per share. The transactions followed a pre-approved trading plan, which Beauchamp established in August 2025 and amended in May 2026.
The stock price was trading at $166.32 at the time of the sale, close to its 52-week high of $169.09. Following the sale, Beauchamp still holds a total of 1,243,389 shares of Paylocity common stock, including indirect beneficial ownership of 1,023,926 shares through various entities. Paylocity reported its fiscal fourth-quarter results, meeting revenue projections but falling short of earnings expectations.
Despite the profit miss, the company's recurring sales and broad platform demand led to a 3.1% revenue increase. BofA Securities upgraded its rating on Paylocity to a buy, with a price target of $175.00, citing the company's advancements in AI technology.
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