Soft Job Market Hurt Paycom (PAYC) Despite Delivering Above-Market Revenue Growth

10 hours ago 1

Soumya Eswaran

Wed, March 11, 2026 astatine 9:10 AM CDT 3 min read

Spheria Asset Management, an concern absorption company, released its December 2025 “Spheria Global Opportunities Fund” capitalist letter. A transcript of the missive tin beryllium downloaded here. The money returned -3.0% successful the 4th quarter, underperforming the 2.2% instrumentality of the MSCI World Small Cap Accumulation Index (Net Return) AUD. In December, the money returned -1.5% underperforming the scale by -0.7%. By sector, Healthcare continued its recovery, and the Materials assemblage was besides strong, portion Consumer Staples and Consumer Discretionary were weak. By region, the UK's show lagged by astir 2%, portion different regions' results were aligned with 1 another. Small caps person failed to adjacent the worth spread that emerged earlier the involvement complaint rhythm began successful aboriginal 2022. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its December 2025 capitalist letter, Spheria Global Opportunities Fund highlighted Paycom Software, Inc. (NYSE:PAYC). Paycom Software, Inc. (NYSE:PAYC) is simply a bundle institution that provides a cloud-based quality superior absorption (HCM) solution for tiny to mid-sized companies. On March 10, 2026, Paycom Software, Inc. (NYSE:PAYC) banal closed astatine $131.88 per share. One-month instrumentality of Paycom Software, Inc. (NYSE:PAYC) was 11.12%, and its shares mislaid 36.14% implicit the past 52 weeks. Paycom Software, Inc. (NYSE:PAYC) has a marketplace capitalization of $7.16 billion.

Spheria Global Opportunities Fund stated the pursuing regarding Paycom Software, Inc. (NYSE:PAYC) successful its December 2025 capitalist letter:

"The largest detractors from show included an overweight presumption successful Hemnet (HEM SS, -26%), owning Paycom Software, Inc. (NYSE:PAYC) (PAYC US, -24%), and an overweight presumption successful Rightmove (RMV LN, -27%).

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