SCHEDULE 13G/A: Harris Associates Discloses 5.3% Stake in Paycom Software

Harris Associates L.P. and Harris Associates, Inc. have filed an amended Schedule 13G, reporting a beneficial ownership of 5.3% in Paycom Software, Inc. as of March 31, 2025.

Summary

• Harris Associates L.P. and its general partner, Harris Associates, Inc., have filed an Amendment No. 1 to Schedule 13G regarding their ownership in Paycom Software, Inc.
• As of March 31, 2025, the reporting persons collectively beneficially own 3,040,150 shares of Paycom Software, Inc. Common Stock.
• This aggregate amount represents 5.3% of the class of securities.
• Harris Associates L.P. and Harris Associates, Inc. each report sole voting power over 3,036,180 shares and sole dispositive power over 3,040,150 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard regulatory disclosure of passive ownership, providing factual information without inherent positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing indicates a significant passive investment by Harris Associates, a prominent investment adviser, in Paycom Software, Inc., a company operating in the human capital management (HCM) software industry. Such disclosures are routine for large institutional investors crossing specific ownership thresholds and typically reflect a long-term investment strategy rather than an intent to influence management or operations.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can be viewed as a vote of confidence or a factor in liquidity.

Key Dates

Keywords

Paycom Software, Harris Associates, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Equity Stake