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What smart money is saying about Paycom SoftwareUnited States flag

PAYC · Technology · Software - Application · Market cap $10.22B

1 fund in our archive has pitched Paycom Software — most recently Spheria Global Smaller Companies Fund in August 2026.

Company profile

Paycom Software, Inc., established in 1998 and headquartered in Oklahoma City, Oklahoma, provides a comprehensive, cloud-based human capital management (HCM) platform. This software-as-a-service (SaaS) solution is specifically tailored for small to mid-sized businesses across the United States. It equips organizations with the essential functionality and analytical insights needed to oversee the complete employee journey, from the initial hiring process through to retirement. The robust HCM suite encompasses a wide array of applications across several critical HR domains. For talent acquisition and onboarding, it offers tools such as applicant tracking, candidate management, background checks, seamless onboarding processes, E-Verify compliance, and tax credit services. Time and labor management capabilities include precise time and attendance tracking, flexible scheduling with exchange options, efficient time-off request management, labor allocation, detailed reporting (including push reports), and advanced location-based features like geofencing, geotracking, and their proprietary Microfence Bluetooth technology. Payroll processing is streamlined through applications for improved employee transaction interfaces, comprehensive payroll and tax administration, direct payment options (Paycom Pay), expense management, mileage tracking (with fixed and variable rates), garnishment management, and GL concierge services. Talent development and performance management are supported by employee self-service portals, compensation budgeting, performance review systems, position management, Paycom learning modules, content subscriptions, and "my analytics" for predictive employment reporting. Furthermore, the platform integrates various other crucial functions. These include "Manager On-the-Go" for supervisors to approve time-off and expenses remotely, "Ask Here" for direct employee-to-HR communication, direct data exchange capabilities, and tools for document management and checklists. It also addresses compliance and benefits administration with features for government regulations, benefits enrollment (including carrier integration), COBRA administration, personnel action and performance discussion forms, surveys, and Affordable Care Act applications. A notable offering is "Clue," which provides a secure system for collecting, tracking, and managing employee vaccination and testing data.

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2
Reported positions
0
Bought
1
Sold
2
Letters

Position history

Between Q2 2026 and Q3 2026, 2 fund letters reported a position in Paycom Software — 1 trimmed or exited.

Fund letters reporting a position in Paycom Software, by quarter
QuarterLettersBoughtSoldTheses
Q3 20261001
Q2 20261010

Fund activity · 2 positions · 1 move

  • “Paycom Software (PAYC US) - is a cloud based, all in one human capital management software provider serving small and mid-sized US businesses, covering payroll, talent management and workforce administration through a single platform. We hold Paycom for its industry leading gross margins, founder led management, consistent industry leading innovation and 50%+ ROIC, a function of a highly automated, single database architecture that legacy competitors have struggled to replicate.”
    Paycom Software
  • June 2026
    “We exited 2 of our entire positions in Lululemon (LULU) and Paycom Software (PAYC) in Q2.”
    Paycom Software

Fund coverage · 1 thesis

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