Citigroup Reduces Stake in Paycom Software

Citigroup Inc. sells 15,329 shares of payroll software company Paycom Software, Inc.

Published on Feb. 27, 2026

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Citigroup Inc. has reduced its stake in Paycom Software, Inc. (NYSE:PAYC) by 13.5% in the third quarter, according to a recent SEC filing. The firm now owns 98,036 shares of the software maker's stock, down from 113,365 shares previously.

Why it matters

Paycom Software is a leading provider of cloud-based human capital management software, and changes in ownership by major institutional investors like Citigroup can signal shifts in market sentiment around the company's performance and future prospects.

The details

According to the filing, Citigroup sold 15,329 shares of Paycom Software during the third quarter, reducing its total stake to 98,036 shares. Citigroup previously owned 0.17% of Paycom Software, and the sale brought its ownership down to around 0.15% of the company's outstanding shares.

  • Citigroup reduced its Paycom Software stake in the 3rd quarter of 2026.

The players

Citigroup Inc.

A major American multinational investment bank and financial services corporation.

Paycom Software, Inc.

A leading provider of cloud-based human capital management software solutions.

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The takeaway

The reduction in Citigroup's Paycom Software holdings suggests the investment bank may have a less bullish outlook on the payroll software company's near-term performance, though Paycom remains a significant holding in Citigroup's portfolio.