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Stocks•12 April 2026•

1 min read

Allspring Global Slashes Stake in Paycom Software by 78.5% Amid Analyst Downgrades

Key Facts

1Allspring Global Investments Holdings LLC reduced its stake in Paycom Software by 78.5% in the fourth quarter.

2Allspring's remaining stake in Paycom is valued at approximately $391,000.

3Multiple analysts have cut price targets for the stock, with a consensus target price of $170.71.

Allspring Global Investments Holdings LLC significantly reduced its position in Paycom Software (PAYC) during the fourth quarter, cutting its stake by 78.5%. The institutional investor's remaining holdings in the software firm are now valued at approximately $391,000. This substantial divestment comes as several financial analysts have lowered their price targets for the company, reflecting a more cautious outlook. Despite Paycom beating earnings estimates for the fourth quarter, the consensus price target has settled at $170.71. The prevailing market sentiment remains a 'Hold' rating, as massive institutional selling often signals concerns over future growth prospects. Investors are closely monitoring these shifts in ownership as they may exert downward pressure on the stock's valuation in the near term.