PAYLOCITY HOLDING CORP, a prominent software provider specializing in cloud-based payroll and human capital management (HCM) solutions, has recently experienced notable changes in its ownership structure. The company, headquartered in Arlington Heights, United States, operates within the industrials sector, specifically focusing on software solutions for medium-sized organizations. Listed on the Nasdaq, Paylocity Holding Corp has a market capitalization of approximately $9.08 billion, with a close price of $171.12 as of November 2, 2026.
In a significant development, Steven I. Sarowitz, a director and substantial shareholder of Paylocity, executed a series of stock sales under an approved 10‑b‑5 plan. These transactions, conducted on October 30, 2026, involved the sale of several blocks of common stock at prices ranging from approximately $170 to $172 per share. Following these sales, Sarowitz’s direct ownership in the company was reduced to about 4.35 million shares. However, he continues to maintain an indirect stake through a trust, holding approximately 3.92 million shares.
The company’s filings confirm that these transactions were carried out in compliance with SEC regulations, ensuring transparency and adherence to legal standards. No additional derivative holdings were reported in conjunction with these sales. Paylocity Holding Corp’s corporate details, including its Illinois address, Delaware incorporation, and trading symbol “PCTY,” were also included in the filings.
This series of ownership changes by Sarowitz does not appear to have significantly impacted the company’s financial metrics, as the price-to-earnings ratio remains at 35.21. The company’s stock performance over the past year has seen a 52-week high of $178.53 on October 25, 2026, and a low of $92.99 on April 9, 2026. These figures reflect the company’s resilience and growth potential within the competitive software industry.
Overall, Paylocity Holding Corp continues to focus on delivering robust cloud-based solutions to its clientele, maintaining its position as a key player in the payroll and HCM software market. The recent ownership changes underscore the dynamic nature of corporate governance and shareholder activities within the company.
