If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,000 Today

Paychex PAYX has outperformed the market over the past 10 years by 1.58% on an annualized basis producing an average annual return of 11.7%. Currently, Paychex has a market capitalization of $40.05 billion.

Buying $1000 In PAYX: If an investor had bought $1000 of PAYX stock 10 years ago, it would be worth $2,994.71 today based on a price of $111.08 for PAYX at the time of writing.

Paychex's Performance Over Last 10 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.