Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” fourth-quarter 2025 investor letter. The fund outperformed the S&P 500 Index, returning 8.42% in the quarter. Communication services and financials were top contributors, while industrials detracted. Paycom Software, Inc. (NYSE:PAYC) was highlighted, with shares closing at $157.50 on January 13, 2026.

In its investor letter, Oakmark Select Fund discussed Paycom Software, Inc. (NYSE:PAYC) as a top detractor in the quarter. The stock declined due to sector underperformance, but the company has potential for future growth. The fund appreciates Paycom’s focus on share repurchases to add per-share value at the current stock price.

According to hedge fund data, Paycom Software, Inc. (NYSE:PAYC) was held in 35 portfolios in Q3 2025, up from 34 in the previous quarter. The company delivered strong results with total revenues reaching $493 million, a 9.1% increase year over year. While Paycom has potential, other AI stocks may offer greater upside with less risk.

Read more at Yahoo Finance: Paycom Software (PAYC) Fell Along with Peers