Sectors & Industries TechnologyInformation Technology Services
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...

Overview Zen Score Price Valuation Financials Forecast

Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
CTSH	COGNIZANT TECHNOLOGY SOLUTIONS CORP	$37.59B	$75.84	$80.36	5.96%	Hold	14	4.65%	6.85%	19.57%	14.64%
MGIC	MAGIC SOFTWARE ENTERPRISES LTD	$514.07M	$10.47	$14.00	33.72%	Strong Buy	1	4.37%	39.71%	18.07%	9.22%
TASK	TASKUS INC	$1.08B	$12.16	$15.86	30.40%	Hold	7	6.01%	30.53%	21.59%	11.21%
BR	BROADRIDGE FINANCIAL SOLUTIONS INC	$24.23B	$207.59	$221.50	6.70%	Buy	4	5.70%	20.06%	55.27%	14.54%
INOD	INNODATA INC	$407.87M	$14.07	$30.00	113.22%	Strong Buy	2	26.99%	94.55%	57.83%	26.01%
EXLS	EXLSERVICE HOLDINGS INC	$5.73B	$35.49	$39.20	10.45%	Strong Buy	5	9.14%	18.06%	33.13%	18.78%
G	GENPACT LTD	$6.83B	$38.33	$38.50	0.44%	Hold	6	4.57%	-7.25%	25.72%	11.61%
CTLP	CANTALOUPE INC	$458.70M	$6.30	$10.00	58.73%	Strong Buy	3	19.59%	65.83%	17.92%	10.01%
IBEX	IBEX LTD	$291.96M	$16.96	$20.00	17.92%	Buy	1	5.98%	N/A	N/A	N/A
FI	FISERV INC	$97.88B	$170.02	$181.42	6.71%	Strong Buy	19	2.81%	32.60%	24.04%	7.25%
GDYN	GRID DYNAMICS HOLDINGS INC	$1.05B	$13.75	$15.60	13.45%	Strong Buy	5	9.94%	N/A	3.16%	2.77%
IBM	INTERNATIONAL BUSINESS MACHINES CORP	$184.91B	$200.74	$187.27	-6.71%	Hold	11	3.15%	7.12%	42.89%	7.70%
GLOB	GLOBANT SA	$8.43B	$194.97	$223.38	14.57%	Buy	16	11.83%	23.75%	17.59%	11.95%
HCKT	HACKETT GROUP INC	$697.54M	$25.23	$28.00	10.98%	Buy	1	-0.89%	0.00%	38.54%	21.01%
NABL	N-ABLE INC	$2.32B	$12.53	$16.50	31.68%	Buy	1	7.35%	36.74%	9.98%	6.15%
ACN	ACCENTURE PLC	$228.46B	$339.84	$348.25	2.47%	Buy	20	5.60%	10.30%	32.57%	16.69%
GMM	GLOBAL MOFY METAVERSE LTD	$24.26M	$0.85	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
JKHY	JACK HENRY & ASSOCIATES INC	$12.37B	$169.64	$184.33	8.66%	Hold	6	6.87%	8.56%	26.53%	16.72%
WNS	WNS (HOLDINGS) LTD	$2.51B	$56.89	$67.80	19.18%	Buy	5	6.32%	17.24%	29.27%	14.40%
INFY	INFOSYS LTD	$93.56B	$22.54	$18.82	-16.50%	Hold	5	6.26%	5.20%	35.77%	22.86%
EPAM	EPAM SYSTEMS INC	$11.66B	$204.82	$249.35	21.74%	Buy	17	3.76%	11.78%	16.79%	13.51%
CDW	CDW CORP	$28.35B	$212.21	$264.00	24.41%	Strong Buy	6	3.98%	11.94%	70.66%	11.27%
PRFT	PERFICIENT INC	$2.64B	$75.21	$70.60	-6.13%	Hold	5	7.32%	28.22%	24.51%	12.57%
SAIC	SCIENCE APPLICATIONS INTERNATIONAL CORP	$6.59B	$133.15	$148.60	11.60%	Buy	5	2.54%	20.22%	29.94%	9.27%
CACI	CACI INTERNATIONAL INC	$10.41B	$466.73	$475.56	1.89%	Strong Buy	9	4.23%	13.43%	17.25%	8.93%
FIS	FIDELITY NATIONAL INFORMATION SERVICES INC	$44.39B	$81.36	$83.81	3.01%	Buy	16	3.56%	66.89%	22.19%	10.93%
LDOS	LEIDOS HOLDINGS INC	$20.59B	$152.85	$162.85	6.54%	Strong Buy	13	2.84%	70.35%	29.95%	10.34%
PSN	PARSONS CORP	$9.76B	$91.89	$96.50	5.02%	Strong Buy	8	6.79%	155.31%	19.15%	8.11%
CNXC	CONCENTRIX CORP	$4.75B	$72.68	$94.75	30.37%	Buy	4	11.35%	153.52%	19.55%	6.61%
IT	GARTNER INC	$37.27B	$483.68	$523.33	8.20%	Buy	6	6.01%	12.67%	189.83%	16.52%
CNDT	CONDUENT INC	$586.26M	$3.61	$9.00	149.31%	Buy	1	-6.87%	N/A	-5.19%	-1.40%
NYAX	NAYAX LTD	$826.50M	$24.80	$25.67	3.50%	Hold	3	29.85%	N/A	28.77%	10.50%
FORTY	FORMULA SYSTEMS (1985) LTD	$1.20B	$78.71	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
DTST	DATA STORAGE CORP	$23.23M	$3.32	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ASGN	ASGN INC	$4.02B	$89.74	$104.33	16.26%	Buy	3	0.68%	18.90%	17.00%	8.91%
III	INFORMATION SERVICES GROUP INC	$154.50M	$3.16	$3.50	10.76%	Buy	1	3.53%	N/A	N/A	N/A
DXC	DXC TECHNOLOGY CO	$3.76B	$20.82	$20.00	-3.94%	Hold	8	-1.91%	102.98%	25.41%	5.42%
TWKS	THOUGHTWORKS HOLDING INC	$1.42B	$4.38	$4.01	-8.45%	Hold	5	3.11%	N/A	7.98%	4.66%
CSPI	CSP INC	$109.84M	$11.25	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
GDS	GDS HOLDINGS LTD	$3.28B	$17.22	$14.47	-15.99%	Buy	3	14.90%	N/A	-1.77%	-0.41%
BBAI	BIGBEARAI HOLDINGS INC	$322.59M	$1.29	$3.25	151.94%	Strong Buy	2	16.89%	N/A	-55.97%	-15.94%
DMRC	DIGIMARC CORP	$552.87M	$25.81	$34.00	31.73%	Buy	2	N/A	N/A	N/A	N/A
VNET	VNET GROUP INC	$743.00M	$2.79	$4.00	43.37%	Strong Buy	1	8.50%	N/A	183.55%	37.88%
WYY	WIDEPOINT CORP	$36.68M	$3.80	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NOTE	FISCALNOTE HOLDINGS INC	$165.98M	$1.19	$3.31	178.15%	Strong Buy	5	-6.65%	N/A	-47.63%	-14.70%
CLPS	CLPS INC	$30.48M	$1.19	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SLNH	SOLUNA HOLDINGS INC	$19.28M	$3.35	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TTEC	TTEC HOLDINGS INC	$212.37M	$4.45	$10.38	133.15%	Hold	4	-5.14%	N/A	14.32%	2.29%
GIB	CGI INC	$25.52B	$111.98	$108.00	-3.55%	Buy	3	N/A	N/A	23.89%	13.46%
BTCM	BIT MINING LTD	$22.00M	$1.98	N/A	N/A	N/A	N/A	N/A	N/A	4,421.58%	1,530.71%
VYX	NCR VOYIX CORP	$1.81B	$12.42	$16.33	31.51%	Strong Buy	6	20.35%	N/A	N/A	-2.13%
AUR	AURORA INNOVATION INC	$6.12B	$3.90	$4.50	15.38%	Buy	2	N/A	N/A	N/A	N/A
JFU	9F INC	$20.01M	$1.70	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CTM	CASTELLUM INC	$9.26M	$0.17	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
UIS	UNISYS CORP	$357.77M	$5.16	N/A	N/A	N/A	N/A	0.72%	N/A	-24.29%	2.26%
CLVT	CLARIVATE PLC	$4.83B	$6.67	$6.50	-2.55%	Hold	3	1.07%	N/A	10.14%	4.71%
KD	KYNDRYL HOLDINGS INC	$5.23B	$22.61	$32.00	41.53%	Strong Buy	3	0.97%	N/A	78.23%	7.67%
ARBB	ARB IOT GROUP LTD	$7.01M	$0.27	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
WIT	WIPRO LTD	$32.66B	$6.25	N/A	N/A	N/A	N/A	N/A	N/A	17.67%	11.58%
XRX	XEROX HOLDINGS CORP	$1.27B	$10.23	$13.00	27.08%	Strong Sell	3	-1.98%	N/A	10.74%	2.67%
NTRP	NEXTTRIP INC	$4.17M	$3.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AIFF	FIREFLY NEUROSCIENCE INC	$24.30M	$3.31	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Information Technology Service Stocks FAQ

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

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

1. Cognizant Technology Solutions (NASDAQ:CTSH)

Cognizant Technology Solutions (NASDAQ:CTSH) is the top information technology service stock with a Zen Score of 61, which is 28 points higher than the information technology service industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Cognizant Technology Solutions has seen its stock return 6.37% over the past year, underperforming other information technology service stocks by -7 percentage points.

Cognizant Technology Solutions has an average 1 year price target of $80.36, an upside of 5.96% from Cognizant Technology Solutions's current stock price of $75.84.

Cognizant Technology Solutions stock has a consensus Hold recommendation according to Wall Street analysts. Of the 14 analysts covering Cognizant Technology Solutions, 14.29% have issued a Strong Buy rating, 7.14% have issued a Buy, 78.57% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Magic Software Enterprises (NASDAQ:MGIC)

Magic Software Enterprises (NASDAQ:MGIC) is the second best information technology service stock with a Zen Score of 58, which is 25 points higher than the information technology service industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Magic Software Enterprises has seen its stock lose -10.21% over the past year, underperforming other information technology service stocks by -24 percentage points.

Magic Software Enterprises has an average 1 year price target of $14.00, an upside of 33.72% from Magic Software Enterprises's current stock price of $10.47.

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

3. Innodata (NASDAQ:INOD)

Innodata (NASDAQ:INOD) is the third best information technology service stock with a Zen Score of 55, which is 22 points higher than the information technology service industry average of 33. It passed 19 out of 33 due diligence checks and has strong fundamentals. Innodata has seen its stock return 22.67% over the past year, overperforming other information technology service stocks by 9 percentage points.

Innodata has an average 1 year price target of $30.00, an upside of 113.22% from Innodata's current stock price of $14.07.

Innodata stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Innodata, 50% have issued a Strong Buy rating, 50% 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 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 13.03%, which is 10 percentage points higher than the information technology service industry average of 2.58%. 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 -8.8% 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 8.4%, which is 6 percentage points higher than the information technology service industry average of 2.58%.

Clps's dividend payout ratio of -100% 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 5.7%, which is 3 percentage points higher than the information technology service industry average of 2.58%. 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 -900% indicates that its high dividend yield might not be sustainable for the long-term.

Why are information technology service stocks down?

Information technology service stocks were down -1.2% in the last day, and down -2.54% over the last week. Bit Mining was the among the top losers in the information technology services industry, dropping -6.6% yesterday.

Shares of crypto companies are trading lower as Bitcoin falls in possible sympathy with the broader market due to mixed economic data, which may impact the size of rate cuts.

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. Magic Software Enterprises (NASDAQ:MGIC)

Magic Software Enterprises (NASDAQ:MGIC) is the most undervalued information technology service stock based on WallStreetZen's Valuation Score. Magic Software Enterprises has a valuation score of 100, which is 77 points higher than the information technology service industry average of 23. It passed 7 out of 7 valuation due diligence checks.

Magic Software Enterprises's stock has dropped -10.21% in the past year. It has underperformed other stocks in the information technology service industry by -24 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 48 points higher than the information technology service industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Cognizant Technology Solutions's stock has gained 6.37% in the past year. It has underperformed other stocks in the information technology service industry by -7 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 48 points higher than the information technology service industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Concentrix's stock has dropped -3.54% in the past year. It has underperformed other stocks in the information technology service industry by -17 percentage points.

Are information technology service stocks a good buy now?

40.43% of information technology service stocks rated by analysts are a buy right now. On average, analysts expect information technology service stocks to rise by 9.11% 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 27.37x.

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.