Marathon Asset Management 13F: Cuts PAYC Stake by $20M

On October 26, 2026, Marathon Asset Management reduced its stake in Paycom Software, Inc. (PAYC) by 94,004 shares, bringing its total holdings to 88,557 shares.

PAYC Paycom Software, Inc.

$268.16 ▲ +77.21% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Paycom Fits in Marathon Asset Management's Portfolio

This cut represents a 51.5% decrease in Marathon's holdings in Paycom. The position ranks 25th among the 76 positions in the fund's reported portfolio, making up 1.53% of its total value.

Other Institutional Activity in Paycom Software

Harris Associates L.P. grew its holdings by 139,755 shares, ending with 3,397,446 shares valued at about $911.4 million. Meanwhile, Two Sigma Investments, LP trimmed its position by 346,735 shares, bringing its total to 1,400,923 shares worth approximately $375.8 million. Reinhart Partners, LLC also decreased its stake, selling 190,678 shares for a total of 1,029,269 shares valued at around $276.1 million.

Paycom Software, Inc. Stock Down 2.3%

Paycom shares were trading recently at $268.25, which is about equal to the closing price on October 26, 2026. The stock is currently above both its 50-day moving average by 15.4% and its 200-day moving average by 65.8%. However, it is still about 2.5% below its 52-week high of $275.22.

Recent Earnings

For the trailing twelve months, Paycom reported revenue of approximately $2.14 billion, with a year-over-year revenue growth of 9.8%. The company's earnings per share (EPS) stood at $9.45, with a net margin of 22.8% and a return on equity (ROE) of 41.1%. The next earnings report is scheduled for November 4, 2026.

Dividend

Paycom Software pays an annual dividend rate of $1.50 per share, yielding about 0.56%. The dividend payout ratio is 15.9%.

Analysts Set New Price Targets

On October 26, 2026, BTIG maintained a "Buy" rating on Paycom with a new price target of $305. Earlier, Guggenheim also maintained a "Buy" rating with a target of $300 on October 23, 2026. The consensus recommendation for Paycom is to "hold," with a mean price target of $231.41 based on 17 analyst opinions.

About Paycom Software

Paycom Software, Inc. provides a cloud-based human capital management solution for small to mid-sized companies in the United States. Their software helps businesses manage the entire employment life cycle, from recruitment to retirement, making it essential in today's technology-driven workplace.

Bottom Line

Marathon Asset Management's recent cut in its Paycom position is notable as the stock trades close to its previous highs. Investors should keep an eye on upcoming earnings on November 4, 2026, and any further filings that may reflect changes in institutional interest.