SCHEDULE: Harris Associates Discloses 3.6% Stake in Paycom
Beneficial Ownership Disclosure
Harris Associates L.P. and Harris Associates, Inc. have disclosed a 3.6% beneficial ownership stake in Paycom Software, Inc., holding 2,081,854 shares as passive investors.
Summary
- Harris Associates L.P. and Harris Associates, Inc. collectively hold 2,081,854 shares of Paycom Software, Inc. common stock.
- This ownership represents 3.6% of Paycom Software, Inc.'s outstanding common stock.
- The reporting persons, Harris Associates L.P. and Harris Associates, Inc., are investment advisers/companies.
- The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Harris Associates L.P. and Harris Associates, Inc. each report sole voting power over 2,077,883 shares and sole dispositive power over 2,081,854 shares, with no shared voting or dispositive power.
Sentiment
Score: 5
Explanation: The filing is a standard disclosure of beneficial ownership by a passive institutional investor, providing no new positive or negative operational or financial information about the issuer.
Positives
- A significant institutional investor, Harris Associates, maintains a stake in Paycom Software, Inc., which can be viewed as a vote of confidence in the company.
Risks
- The reporting persons hold the shares as passive investors, indicating no intent to influence the control or management of Paycom Software, Inc.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Paycom Software, Inc.'s future outlook.
Industry Context
This filing is a standard disclosure of an institutional investor's passive stake in a company, and it does not provide specific insights into broader industry trends or competitive dynamics within the human capital management software sector.
Stakeholder Impact
- Shareholders are informed of a significant institutional holder's passive stake in the company.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement |
| 08/14/2025 | Signature date of the Schedule 13G Amendment No. 2 |
Keywords
Paycom Software, Harris Associates, SEC filing, Schedule 13G, institutional ownership, common stock, investment adviser, beneficial ownership
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