American Century Companies Reduces Paycom Software Stake

Investment firm sells nearly half its shares in HR software company

Mar. 12, 2026 at 7:04am

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American Century Companies Inc. has reduced its holdings in Paycom Software, Inc. (NYSE: PAYC) by 41%, selling 47,292 shares in the third quarter. The institutional investor now owns 67,927 shares of the HR software company, worth approximately $14.1 million as of the most recent filing.

Why it matters

This move by a major institutional investor provides insight into market sentiment around Paycom Software. As a leading provider of cloud-based human capital management solutions, Paycom's performance is closely watched by analysts and investors in the enterprise software sector.

The details

According to the 13F filing, American Century Companies sold 47,292 shares of Paycom Software, reducing its stake in the company by 41%. The investment firm now holds 67,927 shares, or about 0.12% of Paycom's outstanding stock. The sale comes amid a broader market downturn that has impacted many technology and software stocks.

  • The share sale occurred in the third quarter of the reporting period.

The players

American Century Companies Inc.

An investment management firm that oversees over $200 billion in assets.

Paycom Software, Inc.

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

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The takeaway

The reduction in American Century's Paycom Software holdings reflects broader market uncertainty, but Paycom remains a major player in the enterprise HR software space. Investors will be watching to see how the company navigates the current economic environment.