Can Paychex Stock Overcome A Mixed Economy To Hit $140 Again?

SOPA Images/LightRocket via Getty Images PAYX stock has shown strong gains of 25% from levels of $95 in early January 2021 to around $120 now, vs. an increase of about 50% for the S&P 500 over this roughly 3-year period. However, the increase in PAYX stock has been far from consistent. Returns for the stock were 46% in 2021, -15% in 2022, and 3% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 - indicating that PAYX underperformed the S&P in 2023. In fact, ...