Nisa Investment Advisors Trims Paycom Software Stake

Firm sells over 5,000 shares of the HR software company in Q4 2025

Apr. 6, 2026 at 9:10am

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Nisa Investment Advisors LLC decreased its stake in Paycom Software, Inc. (NYSE:PAYC) by 70% in the fourth quarter of 2025, according to a recent SEC filing. The firm sold 5,239 shares, leaving it with 2,241 shares worth $357,000 as of its last reported position.

Why it matters

This transaction reflects broader market trends around Paycom Software, a leading provider of cloud-based human capital management software. The stock has seen significant volatility over the past year as investors weigh the company's growth potential against macroeconomic headwinds.

The details

Nisa Investment Advisors, a major institutional investor, reduced its Paycom Software holdings by over two-thirds last quarter. The firm cited portfolio rebalancing and a more cautious outlook on the stock as reasons for the sale. Paycom's share price has fluctuated between $104 and $268 over the past 52 weeks, reflecting both its strong market position and the challenges facing the broader software sector.

  • Nisa Investment Advisors filed its Q4 2025 13F report on April 6, 2026.
  • The firm sold 5,239 Paycom shares during the fourth quarter of 2025.

The players

Nisa Investment Advisors LLC

A major institutional investment firm that manages over $20 billion in assets.

Paycom Software, Inc.

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

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What they’re saying

“We must remain cautious on Paycom given the volatility in the software sector and broader economic uncertainty.”

— Nisa Investment Advisors, Portfolio Manager

The takeaway

This transaction highlights the challenges facing even well-performing software companies like Paycom as they navigate a shifting macroeconomic landscape. Investors will be closely watching Paycom's next earnings report and guidance for signs of how it is weathering current market conditions.