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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...
Ticker
Company
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
PRFT
PERFICIENT INC
$56.29$69.59-19.12%19.34x11.02x2.11x3.71x0.37x$137.58M7.19%$530.62M15.61$2.25B13.53
EXLS
EXLSERVICE HOLDINGS INC
$31.80$9.74226.33%28.65x25.81x3.24x3.60x3.05x$159.13M3.01%$1.46B8.81$5.40B16.78
EPAM
EPAM SYSTEMS INC
$276.16$166.8065.56%38.30x20.70x3.40x4.60x0.76x$534.22M3.35%$3.47B60.02$14.11B21.08
G
GENPACT LTD
$32.95N/AN/A9.52x11.06x1.34x2.65xN/A$432.06M7.19%$2.25B12.33$6.86B9.09
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
$73.29$58.9124.41%17.41x13.33x1.91x2.76x0.72x$2.01B5.44%$13.23B26.19$35.18B10.38
FI
FISERV INC
$159.82$111.4643.39%31.84x19.05x5.12x3.16x0.67x$3.77B3.86%$29.86B48.81$116.27B14.68
CDW
CDW CORP
$255.78$121.55110.42%31.19x23.27x1.61x16.81x1.17x$1.45B4.21%$2.04B15.18$39.55B20.31
TASK
TASKUS INC
$11.65$19.98-41.70%23.78x10.59x1.18x2.34x0.24x$112.68M10.29%$440.71M4.69$1.22B7.74
IBEX
IBEX LTD
$15.43N/AN/A7.18x9.89x0.54x1.74xN/A$19.45M7.05%$156.11M8.73$299.14M3.93
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$204.86$62.08229.99%35.26x26.81x3.81x11.67x2.37x$993.20M4.12%$2.07B17.57$27.50B21.95
ASGN
ASGN INC
$104.76$119.02-11.98%23.07x12.31x1.14x2.57x0.39x$417.00M8.24%$1.89B39.17$5.80B12.49
WNS
WNS (HOLDINGS) LTD
$50.00N/AN/A14.49x15.53x1.84x2.91xN/A$195.86M8.19%$821.98M17.19$2.67BN/A
GDYN
GRID DYNAMICS HOLDINGS INC
$12.29N/AN/A-614.50x19.20x2.95x2.44xN/A$33.22M3.60%$382.91M5.09$687.49M40.55
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
$11.45$6.7968.62%15.27xN/A1.05x2.11x1.50x$73.19M13.02%$265.98M5.42$564.54M7.94
IBM
INTERNATIONAL BUSINESS MACHINES CORP
$190.96$79.43140.40%23.17x18.97x2.81x7.77x1.95x$12.44B7.15%$22.53B24.73$221.91B15.12
PSN
PARSONS CORP
$82.95$22.18274.01%54.22x40.86x1.61x3.84x2.11x$367.85M4.19%$2.29B21.61$9.43B25.57
DTST
DATA STORAGE CORP
$5.72$0.81603.38%95.33xN/A1.57x1.98x4.14x$2.33M5.94%$19.99M2.92$38.75M22.05
HCKT
HACKETT GROUP INC
$24.30$9.89145.80%19.29xN/A2.26x7.44x2.86x$33.30M4.96%$90.08M3.26$684.08M12.98
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
$130.39N/AN/A14.52x15.71x0.90x3.77xN/A$369.00M5.48%$1.79B34.56$8.89B10.08
GLOB
GLOBANT SA
$201.90$74.00172.82%54.27x31.60x4.10x5.03x1.32x$192.01M2.23%$1.73B40.60$8.91B24.65
JKHY
JACK HENRY & ASSOCIATES INC
$173.73$37.44364.03%33.93x31.59x5.86x7.34x6.51x$242.72M1.92%$1.72B23.67$12.89B18.47
ACN
ACCENTURE PLC
$346.61$115.91199.03%31.06x26.60x3.38x8.57x2.22x$8.80B4.04%$27.12B43.12$230.52B20.04
INFY
INFOSYS LTD
$17.93$6.99156.49%25.25x22.14x4.12x8.11x2.03x$3.62B4.83%$9.17B2.19$73.91B15.79
CTLP
CANTALOUPE INC
$6.43N/AN/A33.84xN/A1.85x2.70xN/A$16.43M3.51%$173.10M2.38$471.89M15.51
IT
GARTNER INC
$476.67N/AN/A42.67x44.55x6.38x54.60xN/A$1.05B2.80%$680.63M8.62$38.82B25.19
TTEC
TTEC HOLDINGS INC
$10.37$110.99-90.66%57.61x2.55x0.20x0.82x0.03x$77.19M15.73%$598.64M12.65$1.45B6.89
NABL
N-ABLE INC
$13.07$2.19497.40%100.54xN/A5.65x3.39x3.10x$76.31M3.20%$711.36M3.90$2.64B27.40
CSPI
CSP INC
$18.46N/AN/A42.44xN/A2.65x3.86xN/A$9.51M5.81%$46.47M5.24$154.82M34.76
ARBB
ARB IOT GROUP LTD
$1.45N/AN/A1.24xN/A0.13x0.12xN/A-$18.55M-58.14%$318.74M14.49-$17.65M-0.49
CNXC
CONCENTRIX CORP
$66.22$69.33-4.49%11.58xN/A0.50x1.06x0.61x$497.48M13.96%$4.14B77.01$9.04B9.06
CACI
CACI INTERNATIONAL INC
$378.83$193.5495.74%22.75x18.84x1.18x2.61x1.30x$255.36M3.03%$3.24B145.21$10.41B13.27
III
INFORMATION SERVICES GROUP INC
$4.04$0.71466.21%31.08xN/A0.67x1.91xN/A$8.84M4.50%$102.08M2.10$256.93M12.11
LDOS
LEIDOS HOLDINGS INC
$131.09$105.4824.28%90.41x16.70x1.15x4.24x0.47x$958.00M5.38%$4.20B30.94$22.22B23.71
WIT
WIPRO LTD
$5.75$2.48131.82%22.29x19.17x2.86x3.76x1.89x$1.82B5.76%$8.39B1.53$32.55B13.67
CNDT
CONDUENT INC
$3.38N/AN/A-2.40x6.15x0.19x1.13xN/A-$4.00M-0.56%$629.00M3.00$1.65B38.39
GDS
GDS HOLDINGS LTD
$6.65N/AN/A-2.02x-7.73x0.88x0.48xN/A-$546.95M-44.81%$2.62B14.30$6.86B42.80
WYY
WIDEPOINT CORP
$2.59N/AN/A-5.63xN/A0.22x1.56xN/A-$464.84k-2.05%$14.68M1.66$20.74M-68.48
TWKS
THOUGHTWORKS HOLDING INC
$2.53N/AN/A-11.50xN/A0.71x1.06xN/A$40.46M5.02%$773.13M2.43$1.05B27.78
NYAX
NAYAX LTD
$26.20N/AN/A-54.70xN/A3.71x8.95xN/A$8.19M0.94%$97.59M2.93$860.01M7,107.55
CLPS
CLPS INC
$1.03N/AN/A-10.30xN/A0.18x0.41xN/AN/AN/A$64.14M2.59$10.02MN/A
CTM
CASTELLUM INC
$0.26N/AN/A-0.68xN/A0.27x1.06xN/A-$2.28M-18.46%$12.95M0.27$23.92M-1.80
FORTY
FORMULA SYSTEMS (1985) LTD
$83.01$37.70120.19%19.81xN/A0.48x2.03x1.98xN/AN/A$625.90M40.91$1.49BN/A
XRX
XEROX HOLDINGS CORP
$17.90N/AN/A-198.89x8.29x0.32x0.88xN/A$649.00M29.20%$2.54B20.44$4.98B22.34
INOD
INNODATA INC
$6.60N/AN/A-220.00xN/A2.14x7.19xN/A$339.00k0.18%$26.41M0.94$188.22M37.53
BBAI
BIGBEARAI HOLDINGS INC
$2.05N/AN/A-5.13xN/A1.97x-7.39xN/A-$22.14M-7.22%-$67.34M-0.45$665.42M-17.71
KD
KYNDRYL HOLDINGS INC
$21.76N/AN/A-4.79x-34.00x0.30x4.21xN/A-$145.00M-2.90%$1.19B5.18$7.53B7.90
AUR
AURORA INNOVATION INC
$2.82N/AN/A-4.70xN/AN/A2.18xN/A-$613.00M-16.38%$1.99B1.50$3.95B-5.28
BTCM
BIT MINING LTD
$2.93N/AN/A-2.93xN/A0.75x0.83xN/AN/AN/A$39.43M3.58$32.74MN/A
DMRC
DIGIMARC CORP
$27.18N/AN/A-12.03xN/A15.85x8.97xN/A-$22.74M-4.12%$61.93M3.05$540.19M-14.36
VNET
VNET GROUP INC
$1.55N/AN/A-0.63x22.14x0.23x0.29xN/AN/AN/A$835.34M5.56$1.92BN/A
GIB
CGI INC
$110.49N/AN/AN/AN/AN/A4.00xN/AN/AN/A$6.42B27.60$27.10BN/A
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
$74.18N/AN/A-6.59x8.05x4.46x2.24xN/A$3.21B7.33%$19.09B32.31$61.40B-19.75
UIS
UNISYS CORP
$4.91N/AN/A-0.78xN/A0.17x-2.21xN/A-$4.50M-1.34%-$151.80M-2.22$469.00M-2.03
DXC
DXC TECHNOLOGY CO
$21.21N/AN/A-11.65x4.58x0.28x1.25xN/A$1.37B35.40%$3.11B16.99$7.57B7.49
SLNH
SOLUNA HOLDINGS INC
$2.88N/AN/A-0.05xN/A0.26x0.16xN/A-$17.21M-434.69%$28.74M20.91$15.97M-0.49
CLVT
CLARIVATE PLC
$7.43N/AN/A-5.05x8.26x1.90x0.83xN/A$501.70M10.05%$5.99B8.92$9.39B-894.14
NTRP
NEXTTRIP INC
$4.51N/AN/A-0.41xN/A4.83x1.78xN/A-$4.42M-174.72%$1.97M3.52$2.96M-0.51
WAVD
WAVEDANCER INC
$3.46N/AN/A-3.33xN/A0.84x3.07xN/A-$2.81M-41.73%$2.27M1.16$7.08M-4.36
NOTE
FISCALNOTE HOLDINGS INC
$1.33N/AN/A-1.51x-4.93x1.32x4.01xN/A-$43.43M-24.89%$43.46M0.33$408.59M-5.06
NATL
NCR ATLEOS CORP
$19.75N/AN/A-10.39xN/A0.33x5.01xN/A$223.00M15.99%$284.00M4.02$3.97B8.84
VYX
NCR VOYIX CORP
$12.63N/AN/A-4.05x3.40x0.46x72.90xN/A$325.00M18.31%$25.00M0.18$4.37B6.89
ROMA
ROMA GREEN FINANCE LTD
$1.03N/AN/A-54.21xN/A3.89xN/AN/A$69.16k0.97%-$58.72k-0.01N/AN/A
JFU
9F INC
$3.51N/AN/A-0.48xN/A0.39x0.08xN/AN/AN/A$504.13M42.92-$288.75MN/A
INTJ
INTELLIGENT GROUP LTD
$1.80N/AN/AN/AN/AN/AN/AN/AN/AN/A$2.07M0.16N/AN/A
CAUD
COLLECTIVE AUDIENCE INC
$0.63N/AN/A-0.00xN/A0.04x1.88xN/A-$2.84M-227.16%$4.38M2.19$8.03M-2.07

Information Technology Service Stocks FAQ

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

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

1. Exlservice Holdings (NASDAQ:EXLS)


Exlservice Holdings (NASDAQ:EXLS) 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. Exlservice Holdings has seen its stock return 2.24% over the past year, underperforming other information technology service stocks by -18 percentage points.

Exlservice Holdings has an average 1 year price target of $36.50, an upside of 14.78% from Exlservice Holdings's current stock price of $31.80.

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.

2. Perficient (NASDAQ:PRFT)


Perficient (NASDAQ:PRFT) is the second best 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 -18.44% over the past year, underperforming other information technology service stocks by -39 percentage points.

Perficient has an average 1 year price target of $70.20, an upside of 24.71% from Perficient's current stock price of $56.29.

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, 40% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Epam Systems (NYSE:EPAM)


Epam Systems (NYSE:EPAM) is the third best information technology service stock with a Zen Score of 62, which is 31 points higher than the information technology service industry average of 31. It passed 20 out of 33 due diligence checks and has strong fundamentals. Epam Systems has seen its stock lose -2.42% over the past year, underperforming other information technology service stocks by -23 percentage points.

Epam Systems has an average 1 year price target of $329.29, an upside of 19.24% from Epam Systems's current stock price of $276.16.

Epam Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Epam Systems, 50% have issued a Strong Buy rating, 21.43% have issued a Buy, 21.43% have issued a hold, while 0% have issued a Sell rating, and 7.14% have issued a Strong Sell.

What are the information technology service stocks with highest dividends?

Out of 19 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. Ttec Holdings (NASDAQ:TTEC)


Ttec Holdings (NASDAQ:TTEC) has an annual dividend yield of 10.03%, which is 7 percentage points higher than the information technology service industry average of 2.63%. Ttec Holdings's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Ttec Holdings's dividend has 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.

2. Clps (NASDAQ:CLPS)


Clps (NASDAQ:CLPS) has an annual dividend yield of 9.71%, which is 7 percentage points higher than the information technology service industry average of 2.63%.

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

3. Magic Software Enterprises (NASDAQ:MGIC)


Magic Software Enterprises (NASDAQ:MGIC) has an annual dividend yield of 5.48%, which is 3 percentage points higher than the information technology service industry average of 2.63%. Magic Software Enterprises's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Magic Software Enterprises's dividend has shown consistent growth over the last 10 years.

Magic Software Enterprises's dividend payout ratio of 83.6% indicates that its high dividend yield is sustainable for the long-term.

Why are information technology service stocks up?

Information technology service stocks were up 0.14% in the last day, and down -0.26% over the last week.

We couldn't find a catalyst for why information technology service stocks are up.

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 -18.44% in the past year. It has underperformed other stocks in the information technology service industry by -39 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 24.33% in the past year. It has overperformed other stocks in the information technology service industry by 4 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 -44.65% in the past year. It has underperformed other stocks in the information technology service industry by -65 percentage points.

Are information technology service stocks a good buy now?

39.13% of information technology service stocks rated by analysts are a buy right now. On average, analysts expect information technology service stocks to rise by 6.35% 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 25.43x.
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.