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Best Information Technology Service Stocks to Buy Now (2024)
Top information technology service stocks in 2024 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...
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
PRFT
PERFICIENT INC
$1.68B$48.11$64.4033.86%Hold57.01%58.49%N/AN/A
GDYN
GRID DYNAMICS HOLDINGS INC
$770.57M$10.07$16.0058.89%Strong Buy513.98%545.50%N/AN/A
EXLS
EXLSERVICE HOLDINGS INC
$4.82B$29.65$37.0024.79%Buy410.29%11.91%N/AN/A
EPAM
EPAM SYSTEMS INC
$14.00B$242.12$314.6029.94%Strong Buy158.35%56.02%N/AN/A
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
$32.94B$66.25$76.5015.47%Hold142.96%27.98%N/AN/A
G
GENPACT LTD
$5.66B$31.34$38.8023.80%Hold54.78%-15.00%N/AN/A
CDW
CDW CORP
$29.51B$219.56$253.8315.61%Buy64.59%30.78%N/AN/A
TASK
TASKUS INC
$1.07B$12.08$13.5011.75%Hold60.08%124.49%N/AN/A
IBEX
IBEX LTD
$238.81M$13.59$19.5043.49%Buy42.39%-32.83%N/AN/A
IBM
INTERNATIONAL BUSINESS MACHINES CORP
$152.22B$165.71$178.317.60%Hold133.39%7.99%43.86%7.44%
FI
FISERV INC
$87.31B$149.22$170.3914.19%Strong Buy184.00%45.77%N/AN/A
GIB
CGI INC
$24.13B$103.68$165.0059.14%Buy11.98%N/AN/AN/A
INFY
INFOSYS LTD
$70.24B$16.93$18.8211.16%Hold56.62%23.58%N/AN/A
ASGN
ASGN INC
$4.41B$96.15$95.00-1.20%Hold41.32%70.40%N/AN/A
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$23.42B$198.85$209.605.41%Buy54.85%14.85%N/AN/A
DTST
DATA STORAGE CORP
$35.15M$5.08N/AN/AN/AN/AN/AN/AN/AN/A
HCKT
HACKETT GROUP INC
$611.00M$22.14$28.0026.47%Buy13.26%N/AN/AN/A
ACN
ACCENTURE PLC
$203.71B$303.71$396.7330.63%Buy153.83%15.55%N/AN/A
GLOB
GLOBANT SA
$7.99B$185.55$257.9239.00%Strong Buy1318.67%45.73%N/AN/A
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
$6.79B$131.55$132.800.95%Hold51.81%-8.23%N/AN/A
WIT
WIPRO LTD
$29.61B$5.40$6.0011.11%Sell13.73%22.48%N/AN/A
JKHY
JACK HENRY & ASSOCIATES INC
$11.96B$164.18$183.3311.67%Buy64.83%5.79%N/AN/A
CTLP
CANTALOUPE INC
$431.69M$5.93$10.0068.63%Strong Buy212.38%N/AN/AN/A
CACI
CACI INTERNATIONAL INC
$9.25B$414.95$422.501.82%Strong Buy83.05%13.37%N/AN/A
CSPI
CSP INC
$125.41M$12.91N/AN/AN/AN/AN/AN/AN/AN/A
NABL
N-ABLE INC
$2.32B$12.57$15.5023.31%Buy411.00%N/AN/AN/A
III
INFORMATION SERVICES GROUP INC
$161.44M$3.34$5.0049.70%Buy15.11%N/AN/AN/A
CNXC
CONCENTRIX CORP
$3.92B$59.35$84.5042.38%Buy221.87%N/AN/AN/A
PSN
PARSONS CORP
$11.52B$78.47$85.118.46%Strong Buy96.03%274.66%N/AN/A
FORTY
FORMULA SYSTEMS (1985) LTD
$1.18B$76.80N/AN/AN/AN/AN/AN/AN/AN/A
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
$589.68M$12.01$14.0016.57%Strong Buy10.92%N/AN/AN/A
WNS
WNS (HOLDINGS) LTD
$2.06B$45.16$64.5042.83%Strong Buy46.43%N/AN/AN/A
INTJ
INTELLIGENT GROUP LTD
$11.50M$1.02N/AN/AN/AN/AN/AN/AN/AN/A
LDOS
LEIDOS HOLDINGS INC
$19.16B$141.67$152.137.38%Strong Buy83.07%137.75%N/AN/A
IT
GARTNER INC
$33.28B$428.64$486.3313.46%Buy36.70%5.48%N/AN/A
TTEC
TTEC HOLDINGS INC
$363.30M$7.66$13.0069.71%Hold3-5.89%2,155.56%N/AN/A
GDS
GDS HOLDINGS LTD
$1.67B$8.74$12.3841.59%Buy214.65%N/AN/AN/A
CNDT
CONDUENT INC
$791.74M$3.87$9.00132.56%Buy1-7.82%N/AN/AN/A
TWKS
THOUGHTWORKS HOLDING INC
$726.15M$2.25$4.2387.78%Hold4-2.00%N/AN/AN/A
WYY
WIDEPOINT CORP
$18.13M$2.05N/AN/AN/AN/AN/AN/AN/AN/A
VNET
VNET GROUP INC
$482.80M$1.91N/AN/AN/AN/A10.88%N/AN/AN/A
CLPS
CLPS INC
$24.59M$0.96N/AN/AN/AN/AN/AN/AN/AN/A
NYAX
NAYAX LTD
$944.81M$28.35$29.002.29%Hold139.30%N/AN/AN/A
CTM
CASTELLUM INC
$14.05M$0.27$1.15333.96%Strong Buy1N/AN/AN/AN/A
INOD
INNODATA INC
$193.22M$6.72N/AN/AN/AN/AN/AN/AN/AN/A
KD
KYNDRYL HOLDINGS INC
$4.73B$20.54$26.6729.83%Strong Buy3-2.28%N/AN/AN/A
BBAI
BIGBEARAI HOLDINGS INC
$361.52M$1.49$3.83157.25%Buy330.32%N/AN/AN/A
DMRC
DIGIMARC CORP
$489.02M$22.88$28.0022.38%Hold1N/AN/AN/AN/A
AUR
AURORA INNOVATION INC
$5.05B$3.29$3.6711.46%Hold3N/AN/AN/AN/A
BTCM
BIT MINING LTD
$30.56M$2.75N/AN/AN/AN/AN/AN/AN/AN/A
JUNE
JUNEE LTD
N/A$4.08N/AN/AN/AN/AN/AN/AN/AN/A
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
$40.77B$70.72$75.466.70%Buy113.67%N/AN/AN/A
UIS
UNISYS CORP
$347.53M$5.08N/AN/AN/AN/A-0.44%N/AN/AN/A
DXC
DXC TECHNOLOGY CO
$3.50B$19.16$23.3321.78%Sell3-4.22%N/AN/AN/A
CLVT
CLARIVATE PLC
$4.56B$6.85$8.0016.79%Sell50.95%N/AN/AN/A
NTRP
NEXTTRIP INC
$1.99M$2.55$3.0017.65%Hold1N/AN/AN/AN/A
WAVD
WAVEDANCER INC
$4.77M$2.37N/AN/AN/AN/AN/AN/AN/AN/A
NOTE
FISCALNOTE HOLDINGS INC
$183.41M$1.40$3.50150.00%Strong Buy4-6.18%N/AN/AN/A
XRX
XEROX HOLDINGS CORP
$1.66B$13.36$17.0027.25%Strong Sell1-2.43%N/AN/AN/A
NATL
NCR ATLEOS CORP
$1.55B$21.48$26.5023.37%Buy2N/AN/AN/AN/A
ARBB
ARB IOT GROUP LTD
$29.08M$1.10N/AN/AN/AN/AN/AN/AN/AN/A
SLNH
SOLUNA HOLDINGS INC
$7.10M$2.50N/AN/AN/AN/AN/AN/AN/AN/A
VYX
NCR VOYIX CORP
$1.78B$12.31$18.6051.10%Buy5-5.67%N/AN/AN/A
JFU
9F INC
$36.56M$3.11N/AN/AN/AN/AN/AN/AN/AN/A
CAUD
COLLECTIVE AUDIENCE INC
$8.29M$0.63N/AN/AN/AN/AN/AN/AN/AN/A
ROMA
ROMA GREEN FINANCE LTD
$7.50M$0.72N/AN/AN/AN/AN/AN/AN/AN/A
1

Information Technology Service Stocks FAQ

What are the best information technology service stocks to buy right now in May 2024?

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 64, which is 33 points higher than the information technology service industry average of 31. It passed 21 out of 33 due diligence checks and has strong fundamentals. Perficient has seen its stock lose -35.44% over the past year, underperforming other information technology service stocks by -49 percentage points.

Perficient has an average 1 year price target of $64.40, an upside of 33.86% from Perficient's current stock price of $48.11.

Perficient stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Perficient, 0% have issued a Strong Buy rating, 20% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Exlservice Holdings (NASDAQ:EXLS)


Exlservice Holdings (NASDAQ:EXLS) is the second best information technology service stock with a Zen Score of 63, which is 32 points higher than the information technology service industry average of 31. It passed 20 out of 33 due diligence checks and has strong fundamentals. Exlservice Holdings has seen its stock lose -13.93% over the past year, underperforming other information technology service stocks by -28 percentage points.

Exlservice Holdings has an average 1 year price target of $37.00, an upside of 24.79% from Exlservice Holdings's current stock price of $29.65.

Exlservice Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Exlservice Holdings, 25% have issued a Strong Buy rating, 50% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Grid Dynamics Holdings (NASDAQ:GDYN)


Grid Dynamics Holdings (NASDAQ:GDYN) is the third best information technology service stock with a Zen Score of 63, which is 32 points higher than the information technology service industry average of 31. It passed 20 out of 33 due diligence checks and has strong fundamentals. Grid Dynamics Holdings has seen its stock lose -11.51% over the past year, underperforming other information technology service stocks by -25 percentage points.

Grid Dynamics Holdings has an average 1 year price target of $16.00, an upside of 58.89% from Grid Dynamics Holdings's current stock price of $10.07.

Grid Dynamics Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Grid Dynamics Holdings, 80% have issued a Strong Buy rating, 20% 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 18 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. Clps (NASDAQ:CLPS)


Clps (NASDAQ:CLPS) has an annual dividend yield of 10.42%, which is 8 percentage points higher than the information technology service industry average of 2.64%.

Clps's dividend payout ratio of -100% indicates that its high dividend yield might not be sustainable for the long-term.

2. Ttec Holdings (NASDAQ:TTEC)


Ttec Holdings (NASDAQ:TTEC) has an annual dividend yield of 7.57%, which is 5 percentage points higher than the information technology service industry average of 2.64%. Ttec Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Ttec Holdings's dividend has not shown consistent growth over the last 10 years.

Ttec Holdings's dividend payout ratio of 577.8% 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 5.39%, which is 3 percentage points higher than the information technology service industry average of 2.64%. 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 134.6% indicates that its high dividend yield might not be sustainable for the long-term.

Why are information technology service stocks up?

Information technology service stocks were up 1.21% in the last day, and up 0.09% over the last week. Conduent was the among the top gainers in the information technology services industry, gaining 5.16% yesterday.

Conduent shares are trading higher after the company announced an agreement for the sale of its Casualty Claims Solutions business to MedRisk for $240 million in cash.

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. Perficient (NASDAQ:PRFT)


Perficient (NASDAQ:PRFT) is the most undervalued information technology service stock based on WallStreetZen's Valuation Score. Perficient has a valuation score of 86, which is 58 points higher than the information technology service industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Perficient's stock has dropped -35.44% in the past year. It has underperformed other stocks in the information technology service industry by -49 percentage points.

2. Cognizant Technology Solutions (NASDAQ:CTSH)


Cognizant Technology Solutions (NASDAQ:CTSH) is the second most undervalued information technology service stock based on WallStreetZen's Valuation Score. Cognizant Technology Solutions has a valuation score of 71, which is 43 points higher than the information technology service industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Cognizant Technology Solutions's stock has gained 12.52% in the past year. It has underperformed other stocks in the information technology service industry by -1 percentage points.

3. Concentrix (NASDAQ:CNXC)


Concentrix (NASDAQ:CNXC) is the third most undervalued information technology service stock based on WallStreetZen's Valuation Score. Concentrix has a valuation score of 71, which is 43 points higher than the information technology service industry average of 28. It passed 5 out of 7 valuation due diligence checks.

Concentrix's stock has dropped -35.27% in the past year. It has underperformed other stocks in the information technology service industry by -49 percentage points.

Are information technology service stocks a good buy now?

36.73% of information technology service stocks rated by analysts are a buy right now. On average, analysts expect information technology service stocks to rise by 17.92% 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 27.22x.
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