Korea Investment CORP Reduces Stake in Paycom Software

Institutional investor trims position in HR software company

Mar. 12, 2026 at 9:51am

Got story updates? Submit your updates here. ›

Korea Investment CORP, a major institutional investor, has reduced its stake in Paycom Software, Inc. (NYSE:PAYC) by 35.3% in the third quarter, according to a recent filing with the Securities and Exchange Commission. The fund now owns 41,436 shares of the software maker's stock, down from 64,072 shares previously.

Why it matters

Paycom Software is a leading provider of cloud-based human capital management (HCM) software, and institutional investors closely follow the company's performance. This reduction in stake by a major investor like Korea Investment CORP could signal a shift in market sentiment around the stock.

The details

According to the filing, Korea Investment CORP sold 22,636 shares of Paycom Software during the third quarter, reducing its total position to 41,436 shares. The fund now owns approximately 0.07% of Paycom's outstanding shares, down from 0.11% previously. The sale comes amid a broader market downturn that has impacted many technology and software stocks.

  • Korea Investment CORP reduced its Paycom Software stake in the third quarter of 2026.

The players

Korea Investment CORP

A major institutional investor that has reduced its stake in Paycom Software.

Paycom Software, Inc.

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

Got photos? Submit your photos here. ›

The takeaway

This reduction in stake by a prominent institutional investor like Korea Investment CORP could signal broader concerns about Paycom Software's performance or the overall market conditions. However, the company remains a leading player in the HCM software space, and its long-term prospects will depend on its ability to continue innovating and meeting the evolving needs of its customers.