Early Access — free while we kick the tires
EdgarHawk

PCTY Paylocity Holding Corp Insider Trading

62 filings analyzed · Latest 2026-02-18
Insider buys
0
Insider sells
62
Unique insiders
6
Direction
Net selling

Historically, stocks have lagged the S&P 500 by a median ~4% over the 90 days after a high insider sell (n ≈ 9,950, 2021-2026). Past results don't predict the future. How we measure this ↗

February 2026
2026-02-18
high
President and CEO
8,000 shares
$837,194
@ $104.65
Significance 7/10

Williams (CEO/President) sells 8,000 PCTY shares for $837,194.00; 5 of 5 prior PCTY sales posted negative 90-day returns.

Williams executed two separate sales totaling 8,000 shares for $837,194.00 at blended average price $104.65, reducing his holdings by 3.8% from 213.3K to 205.3K shares. His prior trading pattern at PCTY shows a striking timing pattern: all 5 previous PCTY sales resulted in negative 90-day returns (ranging from -1.4% to -14.3%), signaling that his prior sales have coincided with or preceded subsequent declines. The current stock price of $109.35 is -49.8% from the 52-week high and down -22.0% over 30 days and -24.0% over 90 days, reflecting significant recent weakness. Given the CEO's consistent track record of selling at levels that subsequently fell at this specific ticker, this transaction occurs in an environment of material price deterioration and extends a demonstrated pattern of sale timing relative to downward price movements.

August 2025
2025-08-22
low
Senior Vice President Sales
3,601 shares
$647,877
@ $179.92
Significance 3/10

SVP Sales Joshua Scutt sold 3,601 shares at $179.92 avg for $647,876.78 at PCTY on 2025-08-20

Joshua Scutt, Senior Vice President Sales, executed 3 separate sales on 2025-08-20, selling 880 shares at $178.55, 958 shares at $179.58, and 1,763 shares at $180.78, for a combined $647,876.78 at a blended average price of $179.92. His post-transaction holdings stand at 51,906 shares. The current stock price is $182.31, trading -16.3% from its 52-week high of $217.86, and down 2.3% over 30 days. His prior 5 sells at PCTY had a well-timed rate of 20% at the 90-day mark, meaning only 1 of 5 prior sales were followed by stock declines; his cross-ticker track record shows 5 prior sells with average 90-day returns of +1.4% and a well-timed rate of 20.00%, indicating consistent underperformance in predicting stock direction. The company reported revenue of $454,548,000 and net income of $91,483,000 in the latest quarter, with annual revenue growth of 13.7%, and trades at a P/E of 40.60.

2025-08-19
medium
President and CEO
8,000 shares
$1,374,171
@ $171.77
Significance 5/10

PCTY CEO Toby Williams sells 8,000 shares in 2 transactions for $1,374,170.80 at $171.77 average price

Toby J. Williams, President and CEO of Paylocity, executed two separate sales on 2025-08-15 totaling 8,000 shares for $1,374,170.80, reducing his holdings by 3.5% to 220,752 shares post-transaction. The sales occurred at $171.50 and $172.04 per share, with a blended average of $171.77, while the stock currently trades at $178.04. At his prior sales at PCTY (February and August 2024), Williams's timing at the 90-day horizon was mixed: the three February 2025 sales showed declines of -7.6% to -8.4% over 90 days (well-timed), while the two August 2024 sales showed gains of +42.4% to +43.3% (poorly timed). His cross-ticker track record across 13 prior open-market sales shows a 76.92% well-timed rate at the 90-day mark, with average 90-day return of +1.2%, indicating his sales have historically preceded modest declines. The filing provides no FLAGS indicating scheduled or discretionary timing constraints.

May 2025
2025-05-22
medium
14,123 shares
$2,830,566
@ $200.42
Significance 4/10

Director Sarowitz sold 14,123 shares across 2 transactions for $2,830,566.48, reducing holdings 5.3% from 265.2K to 251.1K shares.

Steven I Sarowitz, Director at Paylocity, executed 2 separate sales totaling 14,123 shares for $2,830,566.48 on 2025-05-20 and 2025-05-21 at a blended average price of $200.42. The company reported strong fundamentals with revenue of $454,548,000.00 and net income of $91,483,000.00 in the latest quarter, alongside 19.4% annual revenue growth. The sales occurred in proximity to each other and reduced Sarowitz's stake by 5.3%, from 265,191 shares to 251,068 shares. Current price of $196.91 is 9.6% below the 52-week high of $217.86, and the 30-day change shows +7.6% momentum despite the longer 90-day decline of -3.9%.

2025-05-20
high
125,701 shares
$25,235,430
@ $200.76
Significance 6/10

Director Sarowitz sells 125,701 shares ($25.2M) across 4 transactions; reduces stake 32.2%, stock near 52-week highs

Steven I Sarowitz, a Director at Paylocity, executed 4 separate sales totaling 125,701 shares for $25,235,429.67 at a blended average price of $200.76 on May 16 and May 19, 2025. This represents a 32.2% reduction in his pre-transaction holdings from 390,892 shares to 265,191 shares. The sales occurred near the stock's 52-week high of $217.86 (current price $200.56 is -7.9% from that peak), and follow a period of rapid recent price appreciation (+9.0% over 30 days). Across his broader open-market trading history, Sarowitz's 20 prior sells achieved a 100.00% well-timed rate at the 90-day mark, though his same-ticker history at PCTY shows 5 recent sells (May 12–20) with no yet-measurable outcomes and a historical 0 well-timed rate at this ticker. The large dollar magnitude and substantial reduction in holdings warrant investor attention to the signaling content of the transaction and its potential forward guidance regarding insider conviction.

2025-05-19
high
Executive Chairman
30,000 shares
$5,975,017
@ $199.17
Significance 7/10

Executive Chairman Beauchamp sells 30,000 PCTY shares for $5,975,017.23; extends pattern of well-timed exits at this ticker

Steven R Beauchamp, Executive Chairman of Paylocity, executed two separate sales totaling 30,000 shares for $5,975,017.23 at a blended average price of $199.17 on May 15-16, 2025. His holdings remain substantial at 1.52M shares post-transaction. Notably, his prior five trades at Paylocity were all well-timed sells, with 90-day post-sale declines ranging from -7.2% to -8.3%, establishing a 5-of-5 pattern of selling before stock declines at this ticker specifically. This continuation of Beauchamp's transaction discipline at Paylocity warrants monitoring against upcoming 90-day performance, particularly given the stock's valuation at P/E 48.64 and recent strength (30-day change +8.9% offsetting a 90-day change of -8.0%). The sales occur in an otherwise fundamentally sound environment: $454.5M quarterly revenue with +19.4% annual growth and $91.5M net income.

2025-05-16
low
11,108 shares
$2,225,155
@ $200.32
Significance 4/10

Director Sarowitz sold 11,108 PCTY shares at $200.32; holds 390,892 post-trade amid stock up 9.4% in 30d.

Steven I Sarowitz sold 11,108 shares for $2,225,154.56 on 2025-05-14 at $200.32, reducing his stake by 2.8% to 390,892 shares. The sale occurred within a recent run-up—PCTY has gained 9.4% in the 30-day period preceding this trade and stands at $201.04, just below the transaction price. The director's cross-ticker track record shows a 100.00% well-timed sell rate with an average 90-day return of -6.5% across 20 prior sales, suggesting a pattern of selling before declines; however, his five prior trades at PCTY itself are all too recent (conducted 2025-05-12 through 2025-05-16) to have measurable outcomes. With a P/E of 48.80 and revenue growth of 19.4% year-over-year, PCTY trades at a premium valuation, but this single sale—a routine portfolio adjustment for a 390K-share holder—does not constitute material evidence of concern at the company fundamentals level.

2025-05-14
medium
18,000 shares
$3,611,837
@ $200.66
Significance 6/10

Director Steven I Sarowitz sold 18,000 shares of PCTY for $3,611,837.20 across 3 transactions at $200.54–$201.19 (5/12–5/13).

Steven I Sarowitz, a Director, executed 3 separate sales totaling 18,000 shares for $3,611,837.20 at an average price of $200.66, reducing his holdings from 420,000 to 402,000 shares (-4.3%). The sales occurred at prices near the top of the 52-week range ($131.85–$217.86), with current price at $199.47 suggesting the insider sold close to recent highs. His cross-ticker track record shows a 100.00% well-timed rate across 20 prior sells with an average 90-day return of -6.7%, but at PCTY specifically, all 5 prior measurable trades show negative 30-day returns (-3.4% to -5.9%), with no 90-day outcomes yet available for prior PCTY trades. The timing of this sale relative to the stock's +6.4% 30-day gain and proximity to the 52-week high warrants observation of near-term price action.

March 2025
2025-03-26
high
26,252 shares
$5,116,790
@ $194.91
Significance 6/10

Director Sarowitz sells 26,252 shares at blended average $194.91; retains 420,000 shares post-transaction.

Steven I Sarowitz (Director) executed 3 separate sales totaling 26,252 shares for $5,116,789.73 on 2025-03-24, reducing his position from 446,252 to 420,000 shares (-5.9%). The sales occurred at prices ($194.27, $195.16, $195.91) near the current price of $194.12, which sits -10.9% below the 52-week high of $217.86 and -6.3% below the 30-day average. Across his 20 prior open-market sells (cross-ticker), Sarowitz's timing track record shows a 100.00% well-timed rate at the 90-day mark, with an average 90-day return of -7.5% after his sales, indicating his prior sells preceded subsequent declines. At PCTY specifically, his 5 most recent trades (all sells, conducted 2025-03-20 to 2025-03-21) have not yet matured to measurable 30-day or 90-day outcomes. The company trades at a P/E of 49.02 with revenue growth of +19.4% year-over-year, though the stock has retreated -3.2% over the past 90 days.

2025-03-24
high
47,443 shares
$9,067,322
@ $191.12
Significance 6/10

Director Steven I Sarowitz sold 47,443 shares of Paylocity (PCTY) for $9,067,321.70 across 5 transactions at blended average $191.12, retaining 446,252 shares.

Director Steven I Sarowitz executed 5 separate sales totaling 47,443 shares for $9,067,321.70 between March 20–21, 2025, at prices ranging from $190.44 to $192.16 (blended average $191.12). The current stock price of $196.16 sits -10.0% from the 52-week high and has declined -4.2% over the past 30 days. Post-transaction, Sarowitz retains 446,252 shares, representing a -9.6% reduction from his 493,695-share pre-transaction holdings. His cross-ticker track record shows 20 prior sells with a 100.00% well-timed rate at the 90-day mark, though measurable outcomes from his recent PCTY sales are not yet available. The company trades at a P/E of 49.54 with revenue growth of +19.4% year-over-year, reflecting substantial valuation relative to near-term earnings. The scale of this sale ($9.1M across five transactions) constitutes a material reduction in a significant stakeholder position.

Insiders here also file at

More Business Services companies

Get alerts for PCTY

Add PCTY to your watchlist and we'll email you when an insider files a Form 4 — with our AI's significance score and a plain-English read of what it means.

Sign up — free during early access