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Best Information Technology Service Stocks to Buy Now (2022)
Top information technology service stocks in 2022 ranked by overall Zen Score. See the best information technology service stocks to buy now, according to analyst forecasts for the information technology services industry.

Industry: Information Technology Se...
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
PRFT
PERFICIENT INC
NASDAQ
Information Technology Services
$2.27B$65.660.86%$132.94M28.67x1.53
IMXI
INTERNATIONAL MONEY EXPRESS INC
NASDAQ
Information Technology Services
$879.09M$23.21-1.15%$85.64M17.07x1.24
CD
CHINDATA GROUP HOLDINGS LTD
NASDAQ
Information Technology Services
$2.82B$7.70-5.29%$247.19M38.89x0.98
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
NASDAQ
Information Technology Services
$30.26B$58.45-1.37%$3.55B13.53x0.44
HCKT
HACKETT GROUP INC
NASDAQ
Information Technology Services
$568.08M$17.93-0.83%$54.91M12.20x0.39
EPAM
EPAM SYSTEMS INC
NYSE
Information Technology Services
$20.78B$362.14-2.26%$558.94M56.06x0.36
CLPS
CLPS INC
NASDAQ
Information Technology Services
$26.99M$1.34-5.05%N/A3.34x0.53
JKHY
HENRY JACK & ASSOCIATES INC
NASDAQ
Information Technology Services
$13.34B$183.04-0.93%$652.28M36.98x0.78
IBM
INTERNATIONAL BUSINESS MACHINES CORP
NYSE
Information Technology Services
$109.85B$121.63-0.92%$12.52B19.55x5.57
III
INFORMATION SERVICES GROUP INC
NASDAQ
Information Technology Services
$227.77M$4.77-1.24%$34.86M13.25x1.35
NSIT
INSIGHT ENTERPRISES INC
NASDAQ
Information Technology Services
$2.93B$83.52-1.18%$443.94M11.09x2.47
ACN
ACCENTURE PLC
NYSE
Information Technology Services
$171.67B$258.27-1.40%$10.85B24.67x1.13
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
NYSE
Information Technology Services
$4.89B$88.69-1.79%$608.00M19.24x2.44
INFY
INFOSYS LTD
NYSE
Information Technology Services
$71.09B$16.90-1.23%$4.52B24.14x0.56
FORTY
FORMULA SYSTEMS (1985) LTD
NASDAQ
Information Technology Services
$1.25B$82.00-3.73%N/A16.05x2.68
CNXC
CONCENTRIX CORP
NASDAQ
Information Technology Services
$5.71B$109.76-6.56%$919.00M12.56x1.43
SNX
TD SYNNEX CORP
NYSE
Information Technology Services
$7.97B$83.14-2.74%$1.18B14.56x2.52
TTEC
TTEC HOLDINGS INC
NASDAQ
Information Technology Services
$2.14B$45.24-2.35%$260.93M20.85x2.91
EXLS
EXLSERVICE HOLDINGS INC
NASDAQ
Information Technology Services
$4.83B$146.22-1.32%$245.49M38.58x0.88
PAY
PAYMENTUS HOLDINGS INC
NYSE
Information Technology Services
$1.19B$9.70-2.02%$19.61M323.33x0.30
GIB
CGI INC
NYSE
Information Technology Services
$18.50B$75.32-2.28%$1.98B16.19x1.13
FISV
FISERV INC
NASDAQ
Information Technology Services
$60.66B$94.85-1.37%$6.26B30.50x1.45
FLT
FLEETCOR TECHNOLOGIES INC
NYSE
Information Technology Services
$13.58B$181.090.76%$1.65B15.23x4.47
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
NYSE
Information Technology Services
$17.23B$146.90-1.34%$970.70M31.80x3.26
TASK
TASKUS INC
NASDAQ
Information Technology Services
$1.61B$16.41-2.73%$120.53M30.96x1.03
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
NYSE
Information Technology Services
$46.55B$76.57-0.94%$5.41B54.69x0.71
SWCH
SWITCH INC
NYSE
Information Technology Services
$8.29B$33.840.03%$629.06M13.43x2.85
DXC
DXC TECHNOLOGY CO
NYSE
Information Technology Services
$5.67B$24.672.45%$2.72B11.11x2.88
CNDT
CONDUENT INC
NASDAQ
Information Technology Services
$727.23M$3.37-3.16%$531.00M7.49x2.07
ALYA
ALITHYA GROUP INC
NASDAQ
Information Technology Services
$175.25M$1.890.00%$5.86M-12.86x1.41
FLYW
FLYWIRE CORP
NASDAQ
Information Technology Services
$2.44B$22.58-3.26%-$20.25M-68.42x0.31
DTST
DATA STORAGE CORP
NASDAQ
Information Technology Services
$13.99M$2.05-1.44%$585.26k-20.50x0.17
CACI
CACI INTERNATIONAL INC
NYSE
Information Technology Services
$6.19B$264.24-1.24%$700.39M16.90x1.17
NCR
NCR CORP
NYSE
Information Technology Services
$2.66B$19.41-5.46%$1.10B38.06x7.38
VNET
VNET GROUP INC
NASDAQ
Information Technology Services
$789.06M$5.32-7.80%$244.45M-33.25x2.56
AI
C3AI INC
NYSE
Information Technology Services
$1.34B$12.34-4.78%-$215.20M-5.74x0.16
CTG
COMPUTER TASK GROUP INC
NASDAQ
Information Technology Services
$105.22M$6.782.42%$17.69M6.46x0.83
CDW
CDW CORP
NASDAQ
Information Technology Services
$21.50B$158.97-1.54%$1.78B21.31x11.34
IT
GARTNER INC
NYSE
Information Technology Services
$22.04B$278.67-0.97%$1.27B31.10x-47.13
TLS
TELOS CORP
NASDAQ
Information Technology Services
$619.84M$9.17-6.62%-$30.31M-16.98x0.39
G
GENPACT LTD
NYSE
Information Technology Services
$8.10B$44.14-0.63%$648.93M23.86x1.59
GDYN
GRID DYNAMICS HOLDINGS INC
NASDAQ
Information Technology Services
$1.25B$18.51-3.34%-$5.24M-59.71x0.19
BBAI
BIGBEARAI HOLDINGS INC
NYSE
Information Technology Services
$195.71M$1.5530.25%-$173.82M0.03x38.13
GDS
GDS HOLDINGS LTD
NASDAQ
Information Technology Services
$3.28B$17.53-7.74%$506.78M-13.13x2.10
RAMP
LIVERAMP HOLDINGS INC
NYSE
Information Technology Services
$1.24B$18.46-4.75%-$49.57M-16.05x0.23
USIO
USIO INC
NASDAQ
Information Technology Services
$33.75M$1.341.52%-$288.82k-7.88x4.27
MIGI
MAWSON INFRASTRUCTURE GROUP INC
NASDAQ
Information Technology Services
$37.37M$0.462.22%$31.65M0.34x0.90
SASI
SIGMA ADDITIVE SOLUTIONS INC
NASDAQ
Information Technology Services
$8.47M$0.810.88%-$9.22M-0.90x0.07
TDC
TERADATA CORP
NYSE
Information Technology Services
$3.23B$31.45-0.25%$285.00M41.38x7.54
LDOS
LEIDOS HOLDINGS INC
NYSE
Information Technology Services
$12.03B$88.10-0.93%$1.45B16.97x2.21
CSPI
CSP INC
NASDAQ
Information Technology Services
$32.98M$7.24-0.14%$2.21M25.86x0.87
WIT
WIPRO LTD
NYSE
Information Technology Services
$25.83B$4.72-3.08%N/AN/A0.61
AUR
AURORA INNOVATION INC
NASDAQ
Information Technology Services
$2.52B$2.18-10.29%-$1.57B-2.95x0.10
XRX
XEROX HOLDINGS CORP
NASDAQ
Information Technology Services
$2.09B$13.43-7.38%-$418.00M-3.70x2.11
ISDR
ISSUER DIRECT CORP
NYSEMKT
Information Technology Services
$72.87M$20.181.66%$4.80M25.54x0.26
TWKS
THOUGHTWORKS HOLDING INC
NASDAQ
Information Technology Services
$3.33B$10.70-5.06%-$89.23M-20.19x1.07
NABL
N-ABLE INC
NYSE
Information Technology Services
$1.71B$9.491.61%$66.90M135.57x0.71
SABR
SABRE CORP
NASDAQ
Information Technology Services
$1.71B$5.22-4.74%-$95.58M-2.90x-9.38
AFRM
AFFIRM HOLDINGS INC
NASDAQ
Information Technology Services
$5.51B$19.06-7.74%-$672.11M-7.59x1.66
PRTH
PRIORITY TECHNOLOGY HOLDINGS INC
NASDAQ
Information Technology Services
$318.39M$4.15-3.04%$117.79M-24.41x-15.24
DMRC
DIGIMARC CORP
NASDAQ
Information Technology Services
$280.79M$14.06-2.83%-$38.52M-5.74x0.15
WAVD
WAVEDANCER INC
NASDAQ
Information Technology Services
$18.36M$0.96-2.04%-$5.99M-3.00x0.37
CLVT
CLARIVATE PLC
NYSE
Information Technology Services
$6.19B$9.19-5.65%$1.01B-229.75x0.71
CRGE
CHARGE ENTERPRISES INC
NASDAQ
Information Technology Services
$342.22M$1.66-5.14%-$68.10M-2.52x25.27
RSSS
RESEARCH SOLUTIONS INC
NASDAQ
Information Technology Services
$55.49M$2.030.50%-$1.61M-33.83x2.49
WYY
WIDEPOINT CORP
NYSEMKT
Information Technology Services
$17.90M$2.052.50%-$14.63M-1.27x1.22
UIS
UNISYS CORP
NYSE
Information Technology Services
$517.89M$7.64-0.78%-$20.40M-2.29x-15.31
INOD
INNODATA INC
NASDAQ
Information Technology Services
$78.63M$2.88-0.69%-$3.84M-9.29x1.36
PSFE
PAYSAFE LTD
NYSE
Information Technology Services
$987.22M$1.36-6.21%-$1.65BN/A6.91
AVCT
AMERICAN VIRTUAL CLOUD TECHNOLOGIES INC
NASDAQ
Information Technology Services
$41.82M$0.306.81%-$99.08M-0.11x-18.47
GB
GLOBAL BLUE GROUP HOLDING AG
NYSE
Information Technology Services
$843.69M$4.66-0.85%$39.25M-16.64x156.76
CYXT
CYXTERA TECHNOLOGIES INC
NASDAQ
Information Technology Services
$716.05M$4.01-9.07%$177.60M-3.40x4.09
DNB
DUN & BRADSTREET HOLDINGS INC
NYSE
Information Technology Services
$5.43B$12.52-1.96%$761.60M-208.67x1.69
KD
KYNDRYL HOLDINGS INC
NYSE
Information Technology Services
$1.93B$8.52-4.05%-$42.00MN/A4.77

Information Technology Service Stocks FAQ

What are the best information technology service stocks to buy right now in Oct 2022?

According to Zen Score, the 3 best information technology service stocks to buy right now are:

1. Perficient (NASDAQ:PRFT)


Perficient (NASDAQ:PRFT) is the top information technology service stock with a Zen Score of 70, which is 34 points higher than the information technology service industry average of 36. It passed 24 out of 33 due diligence checks and has strong fundamentals. Perficient has seen its stock lose -44.64% over the past year, underperforming other information technology service stocks by -18 percentage points.

Perficient has an average 1 year price target of $106.00, an upside of 61.44% from Perficient's current stock price of $65.66.

Perficient stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Perficient, 60% have issued a Strong Buy rating, 40% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. International Money Express (NASDAQ:IMXI)


International Money Express (NASDAQ:IMXI) is the second best information technology service stock with a Zen Score of 69, which is 33 points higher than the information technology service industry average of 36. It passed 23 out of 33 due diligence checks and has strong fundamentals. International Money Express has seen its stock return 42.66% over the past year, overperforming other information technology service stocks by 69 percentage points.

International Money Express has an average 1 year price target of $21.17, a downside of -8.8% from International Money Express's current stock price of $23.21.

International Money Express stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering International Money Express, 0% have issued a Strong Buy rating, 33.33% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Chindata Group Holdings (NASDAQ:CD)


Chindata Group Holdings (NASDAQ:CD) is the third best information technology service stock with a Zen Score of 62, which is 26 points higher than the information technology service industry average of 36. It passed 20 out of 33 due diligence checks and has strong fundamentals. Chindata Group Holdings has seen its stock lose -4.11% over the past year, overperforming other information technology service stocks by 22 percentage points.

Chindata Group Holdings has an average 1 year price target of $8.30, an upside of 7.79% from Chindata Group Holdings's current stock price of $7.70.

Chindata Group Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Chindata Group Holdings, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the information technology service stocks with highest dividends?

Out of 22 information technology service stocks that have issued dividends in the past year, the 3 information technology service stocks with the highest dividend yields are:

1. Xerox Holdings (NASDAQ:XRX)


Xerox Holdings (NASDAQ:XRX) has an annual dividend yield of 5.58%, which is 4 percentage points higher than the information technology service industry average of 1.88%. Xerox Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Xerox Holdings's dividend has shown consistent growth over the last 10 years.

Xerox Holdings's dividend payout ratio of -27.5% indicates that its high dividend yield might not be sustainable for the long-term.

2. IBM (NYSE:IBM)


IBM (NYSE:IBM) has an annual dividend yield of 5.41%, which is 4 percentage points higher than the information technology service industry average of 1.88%. IBM's dividend payout is stable, having never dropped by more than 10% in the last 10 years. IBM's dividend has shown consistent growth over the last 10 years.

IBM's dividend payout ratio of 105.6% indicates that its high dividend yield might not be sustainable for the long-term.

3. Information Services Group (NASDAQ:III)


Information Services Group (NASDAQ:III) has an annual dividend yield of 2.94%, which is 1 percentage points higher than the information technology service industry average of 1.88%. Information Services Group's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Information Services Group's dividend has not shown consistent growth over the last 10 years.

Information Services Group's dividend payout ratio of 36.1% indicates that its dividend yield is sustainable for the long-term.

Why are information technology service stocks down?

Information technology service stocks were down -1.68% in the last day, and down -3.32% over the last week. Aurora Innovation was the among the top losers in the information technology services industry, dropping -10.29% yesterday.

Shares of several companies in the broader industrials sector are trading lower as stocks pull back after gaining on Wednesday. Jobless claims for September came in below estimates, adding to concern of further Fed rate hikes which could impact economic activity and consumer spending.

What are the most undervalued information technology service stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued information technology service stocks right now are:

1. Clps (NASDAQ:CLPS)


Clps (NASDAQ:CLPS) is the most undervalued information technology service stock based on WallStreetZen's Valuation Score. Clps has a valuation score of 100, which is 64 points higher than the information technology service industry average of 36. It passed 7 out of 7 valuation due diligence checks.

Clps's stock has dropped -51.45% in the past year. It has underperformed other stocks in the information technology service industry by -25 percentage points.

2. Formula Systems (NASDAQ:FORTY)


Formula Systems (NASDAQ:FORTY) is the second most undervalued information technology service stock based on WallStreetZen's Valuation Score. Formula Systems has a valuation score of 100, which is 64 points higher than the information technology service industry average of 36. It passed 7 out of 7 valuation due diligence checks.

Formula Systems's stock has dropped -16.75% in the past year. It has overperformed other stocks in the information technology service industry by 10 percentage points.

3. Conduent (NASDAQ:CNDT)


Conduent (NASDAQ:CNDT) is the third most undervalued information technology service stock based on WallStreetZen's Valuation Score. Conduent has a valuation score of 86, which is 50 points higher than the information technology service industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Conduent's stock has dropped -48.47% in the past year. It has underperformed other stocks in the information technology service industry by -22 percentage points.

Are information technology service stocks a good buy now?

46.15% of information technology service stocks rated by analysts are a buy right now. On average, analysts expect information technology service stocks to rise by 36.08% over the next year.

What is the average p/e ratio of the information technology services industry?

The average P/E ratio of the information technology services industry is 20.69x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.