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Steven I. Sarowitz net worth and biography

Steven Sarowitz Biography and Net Worth

Director of Paylocity

When Steve founded Paylocity in 1997, his goal was to fill a gap in the marketplace by providing a solution with in-house like technology supported by the service and liability protection of an outsourcing solution. Steve's vision, combined with his passion for software development, led to the first release of Paylocity's award winning SAAS platform in 2002.

Prior to founding Paylocity, Steve worked at Robert F. White, which was then the nation's leading independent payroll service. He later managed two privately-held payroll companies. Steve’s 20 years of experience working in the industry with both large and small providers helped him mold Paylocity into a best-in-breed provider.

A Sierra member since college, he takes environmental issues seriously. Aside from helping to develop a paperless payroll solution (Web Pay), Steve instituted a "Green Team" within the company. Additionally, prior to moving to our current corporate headquarters, he worked with the architects to ensure every possible environmentally safe effort was taken.

Passionate about giving back to the community, Paylocity participates in many local events; being an avid runner, Steve's probable favorite event is the annual J.P. Morgan Chase Corporate Challenge, where he’s a three-time winner in the MSE (Most Senior Executive) category!

Steve formerly served as President to the Independent Payroll Providers Association (IPPA) and holds a Bachelor's degree in Economics from the University of Illinois at Urbana.

What is Steven I. Sarowitz's net worth?: The estimated net worth of Steven I. Sarowitz is at least $1.82 billion as of November 18th, 2024. Mr. Sarowitz owns 9,300,847 shares of Paylocity stock worth more than $1,816,269,402 as of November 21st. This net worth evaluation does not reflect any other investments that Mr. Sarowitz may own. Learn More about Steven I. Sarowitz's net worth.
How do I contact Steven I. Sarowitz?: The corporate mailing address for Mr. Sarowitz and other Paylocity executives is 1400 AMERICAN LANE, SCHAUMBURG IL, 60173. Paylocity can also be reached via phone at (847) 463-3200 and via email at [email protected]. Learn More on Steven I. Sarowitz's contact information.
Has Steven I. Sarowitz been buying or selling shares of Paylocity?: During the past quarter, Steven I. Sarowitz has sold $2,399,841.54 in shares of Paylocity stock. Most recently, Steven I. Sarowitz sold 12,226 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $196.29, for a transaction totalling $2,399,841.54. Following the completion of the sale, the director now directly owns 9,300,847 shares of the company's stock, valued at $1,825,663,257.63. Learn More on Steven I. Sarowitz's trading history.
Who are Paylocity's active insiders?: Paylocity's insider roster includes Steven Beauchamp (Executive Chairman of the Board), Andrew Cappotelli (CAO), Jeffrey Diehl (Director), Edward Gaty (SVP), Ryan Glenn (CFO), Michael Haske (COO), Mark Kinsey (SVP), Rachit Lohani (CTO), Robin Pederson (Director), Kenneth Robinson (Director), Nicholas Rost (CAO), Steven Sarowitz (Director), Joshua Scutt (SVP), Ronald Waters (Director), and Toby Williams (CFO). Learn More on Paylocity's active insiders.
Are insiders buying or selling shares of Paylocity?: In the last year, insiders at the software maker sold shares 18 times. They sold a total of 151,766 shares worth more than $25,632,140.90. The most recent insider tranaction occured on November, 19th when SVP Andrew Cappotelli sold 247 shares worth more than $47,742.63. Insiders at Paylocity own 21.9% of the company. Learn More about insider trades at Paylocity.
Information on this page was last updated on 11/19/2024.

Steven I. Sarowitz Insider Trading History at Paylocity

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
11/18/2024	Sell	12,226	$196.29	$2,399,841.54	9,300,847
2/12/2024	Sell	24,504	$175.47	$4,299,716.88	9,587,872
8/30/2023	Sell	61,763	$201.28	$12,431,656.64	9,784,126
8/28/2023	Sell	24,003	$199.96	$4,799,639.88	9,886,323
8/23/2023	Sell	1,796	$200.11	$359,397.56	9,911,252
8/21/2023	Sell	57,681	$192.82	$11,122,050.42	9,913,048
8/17/2023	Sell	19,809	$192.92	$3,821,552.28	10,003,975
5/31/2023	Sell	72,339	$171.31	$12,392,394.09	10,081,032
5/15/2023	Sell	50,000	$167.70	$8,385,000.00	10,226,734
3/7/2023	Sell	32,689	$187.60	$6,132,456.40	10,309,423
2/23/2023	Sell	59,053	$203.83	$12,036,772.99	10,438,370
2/14/2023	Sell	75,000	$216.81	$16,260,750.00	10,497,423
8/24/2022	Sell	28,813	$248.39	$7,156,861.07	11,197,423
8/22/2022	Sell	64,509	$249.88	$16,119,508.92	11,287,914
8/18/2022	Sell	26,801	$265.88	$7,125,849.88	11,395,622
5/16/2022	Sell	48,930	$163.12	$7,981,461.60	11,467,247
3/3/2022	Sell	22,091	$198.99	$4,395,888.09
2/25/2022	Sell	47,120	$203.10	$9,570,072.00
11/8/2021	Sell	128,445	$277.58	$35,653,763.10
8/26/2021	Sell	28,784	$258.00	$7,426,272.00	12,126,891
8/23/2021	Sell	22,704	$256.40	$5,821,305.60
12/11/2020	Sell	400,000	$180.50	$72,200,000.00	12,770,538
11/5/2020	Sell	42,000	$194.24	$8,158,080.00	13,170,538
8/11/2020	Sell	81,963	$132.56	$10,865,015.28	13,552,432
11/15/2019	Sell	10,763	$109.87	$1,182,530.81	14,176,208
11/13/2019	Sell	107,050	$111.75	$11,962,837.50	14,176,208
8/14/2019	Sell	140,086	$101.67	$14,242,543.62	14,415,427
5/8/2019	Sell	166,489	$95.53	$15,904,694.17	14,569,464
2/14/2019	Sell	150,000	$83.22	$12,483,000.00
2/8/2019	Sell	72,500	$81.04	$5,875,400.00	14,735,730
11/9/2018	Sell	72,500	$62.78	$4,551,550.00
11/6/2018	Sell	80,000	$61.65	$4,932,000.00	14,771,651
8/14/2018	Sell	144,124	$64.75	$9,332,029.00	14,820,606
5/8/2018	Sell	80,000	$55.50	$4,440,000.00
2/26/2018	Sell	16,460	$46.51	$765,554.60	15,277,252
2/23/2018	Sell	2,338	$46.54	$108,810.52	15,277,252
2/21/2018	Sell	63,540	$45.17	$2,870,101.80
11/21/2017	Sell	1,296,142	$46.14	$59,803,991.88	15,343,130
8/15/2017	Sell	200,000	$44.81	$8,962,000.00	16,212,317
5/16/2017	Sell	27,301	$45.05	$1,229,910.05	16,250,729
5/12/2017	Sell	172,699	$44.37	$7,662,654.63	16,337,902
4/25/2017	Sell	3,588	$40.04	$143,663.52	16,377,462
3/28/2017	Sell	50,000	$38.09	$1,904,500.00	16,378,507
2/22/2017	Sell	25,000	$37.00	$925,000.00	16,428,507
10/8/2015	Sell	332,808	$29.75	$9,901,038.00	17,127,481
9/30/2015	Sell	1,500,000	$29.75	$44,625,000.00	17,460,289
12/17/2014	Sell	1,908,081	$26.25	$50,087,126.25
3/24/2014	Sell	1,666,666	$17.00	$28,333,322.00

Steven I. Sarowitz Buying and Selling Activity at Paylocity

Paylocity Company Overview

Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection. It also provides human resources (HR) software solutions for employee self-service, compliance, HR edge, data analytics, and workflows and documents, as well as human resource management system; talent management system for recruiting, onboarding, performance, compensation, and learning; and benefits administration software. In addition, the company offers employee experience platform for community, employee voice, recognition and rewards, video, and modern workforce index; HR reporting software; and mobile HR solutions. Further, it provides implementation and training, client, and tax and regulatory services. The company serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. The company was founded in 1997 and is headquartered in Schaumburg, Illinois.

Today's Range

Now: $195.28

$193.52

$196.94

50 Day Range

MA: $176.43

$155.57

$213.79

2 Week Range

Now: $195.28

$129.94

$215.68

Volume

418,050 shs

Average Volume

501,142 shs

Market Capitalization

$10.89 billion

P/E Ratio

49.94

Dividend Yield

N/A

Beta

0.93