Baillie Gifford Reduces Stake in Paycom Software

Investment firm sells nearly 70,000 shares of payroll software company

Apr. 13, 2026 at 7:25am

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A close-up macro photograph of the internal mechanical components of a payroll processing machine, with a focus on the intricate gears, circuits, and metal housings, representing the complex financial infrastructure that powers modern HR and payroll software.Baillie Gifford's reduced stake in Paycom Software highlights the complex financial machinery powering the HR technology industry.Oklahoma City Today

Baillie Gifford & Co., a major institutional investor, reduced its holdings in Paycom Software, Inc. (NYSE: PAYC) by 4.1% during the fourth quarter, selling 69,768 shares of the payroll and HR software company.

Why it matters

Baillie Gifford is a prominent global investment management firm, so its trading activity in Paycom shares is closely watched by investors and analysts as a signal of the company's future prospects.

The details

According to a recent SEC filing, Baillie Gifford now owns 1,638,894 shares of Paycom Software, or 2.91% of the company's outstanding stock. The firm sold the shares during the fourth quarter of 2025. Paycom Software is a cloud-based human capital management (HCM) software provider that offers payroll, talent management, and other HR tools to organizations.

  • Baillie Gifford reduced its Paycom holdings in the fourth quarter of 2025.

The players

Baillie Gifford & Co.

A global investment management firm that owns a significant stake in Paycom Software.

Paycom Software, Inc.

A cloud-based human capital management software provider based in Oklahoma City.

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The takeaway

Baillie Gifford's reduction in its Paycom Software holdings, though relatively small, could signal the investment firm's concerns about the company's future performance or valuation. Investors will be closely watching Paycom's financial results and market position in the coming quarters.