Paychex: Steady But Unspectacular Returns Likely
PAYXPaychex(PAYX) Seeking Alpha·2024-09-12 20:59

ITkach/iStock via Getty Images Paychex (NASDAQ:PAYX), a leader in the Human Capital Management software and payroll space in the United States, was founded in 1971 by Thomas Golisano, and went public in 1983. It has been a monster compounder over the years: since 1994 when Seeking Alpha's data starts, it has delivered a total return of more than 13,700% compared to the S&P 500's 1,100%. It's often a good idea to own leaders and a very good idea to own compounders, but of course, investing is about the futur ...