Sectors & Industries TechnologyInformation Technology Services
Best Information Technology Service Stocks to Buy Now (2023)
Top information technology service stocks in 2023 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
III	INFORMATION SERVICES GROUP INC	$246.40M	$5.09	$7.00	37.52%	Buy	1	N/A	N/A	N/A	N/A
IMXI	INTERNATIONAL MONEY EXPRESS INC	$939.52M	$25.78	$31.50	22.19%	Buy	2	N/A	N/A	N/A	N/A
NSIT	INSIGHT ENTERPRISES INC	$4.83B	$142.96	$142.33	-0.44%	Buy	3	N/A	N/A	N/A	N/A
FORTY	FORMULA SYSTEMS (1985) LTD	$1.00B	$65.64	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CTSH	COGNIZANT TECHNOLOGY SOLUTIONS CORP	$31.03B	$60.93	$65.33	7.23%	Hold	13	N/A	N/A	N/A	N/A
CD	CHINDATA GROUP HOLDINGS LTD	$2.55B	$6.99	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FISV	FISERV INC	$71.00B	$113.03	$127.73	13.01%	Buy	15	N/A	N/A	N/A	N/A
PRFT	PERFICIENT INC	$2.50B	$72.19	$82.50	14.28%	Buy	2	N/A	N/A	N/A	N/A
HCKT	HACKETT GROUP INC	$502.20M	$18.48	$24.50	32.58%	Buy	2	N/A	N/A	N/A	N/A
CSPI	CSP INC	$63.44M	$13.59	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ACN	ACCENTURE PLC	$189.47B	$285.81	$299.96	4.95%	Buy	11	N/A	N/A	N/A	N/A
EXLS	EXLSERVICE HOLDINGS INC	$5.39B	$161.83	$182.33	12.67%	Buy	3	N/A	N/A	N/A	N/A
TTEC	TTEC HOLDINGS INC	$1.76B	$37.23	$49.00	31.61%	Hold	3	N/A	N/A	N/A	N/A
CDW	CDW CORP	$26.43B	$194.89	$226.60	16.27%	Strong Buy	5	N/A	N/A	N/A	N/A
SNX	TD SYNNEX CORP	$9.23B	$96.79	$111.71	15.42%	Buy	7	N/A	N/A	N/A	N/A
TASK	TASKUS INC	$1.41B	$14.44	$17.50	21.19%	Sell	2	N/A	N/A	N/A	N/A
INFY	INFOSYS LTD	$73.37B	$17.44	$20.33	16.59%	Hold	3	N/A	N/A	N/A	N/A
CNXC	CONCENTRIX CORP	$6.33B	$121.55	$165.00	35.75%	Buy	1	N/A	N/A	N/A	N/A
EPAM	EPAM SYSTEMS INC	$17.25B	$299.00	$401.25	34.20%	Strong Buy	8	N/A	N/A	N/A	N/A
CTG	COMPUTER TASK GROUP INC	$114.17M	$7.25	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
IBM	INTERNATIONAL BUSINESS MACHINES CORP	$118.91B	$131.09	$150.17	14.55%	Buy	6	3.28%	134.53%	43.86%	7.56%
GDYN	GRID DYNAMICS HOLDINGS INC	$857.59M	$11.46	$19.50	70.16%	Strong Buy	2	N/A	N/A	N/A	N/A
DTST	DATA STORAGE CORP	$12.44M	$1.82	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
IT	GARTNER INC	$25.76B	$325.77	$358.50	10.05%	Buy	6	N/A	N/A	N/A	N/A
G	GENPACT LTD	$8.50B	$46.22	$53.25	15.21%	Buy	4	N/A	N/A	N/A	N/A
FLYW	FLYWIRE CORP	$3.23B	$29.36	$30.13	2.61%	Strong Buy	8	N/A	N/A	N/A	N/A
RAMP	LIVERAMP HOLDINGS INC	$1.42B	$21.93	$33.25	51.62%	Strong Buy	4	N/A	N/A	N/A	N/A
JKHY	HENRY JACK & ASSOCIATES INC	$11.00B	$150.72	$181.71	20.56%	Buy	7	N/A	N/A	N/A	N/A
TLS	TELOS CORP	$173.46M	$2.53	$4.75	87.75%	Hold	6	N/A	N/A	N/A	N/A
FLT	FLEETCOR TECHNOLOGIES INC	$15.50B	$210.85	$237.30	12.54%	Buy	10	N/A	N/A	N/A	N/A
GDS	GDS HOLDINGS LTD	$3.49B	$18.66	$24.00	28.62%	Buy	3	N/A	N/A	N/A	N/A
CNDT	CONDUENT INC	$749.13M	$3.43	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
WIT	WIPRO LTD	$24.61B	$4.49	$3.90	-13.14%	Sell	1	N/A	N/A	N/A	N/A
PAY	PAYMENTUS HOLDINGS INC	$1.09B	$8.86	$10.40	17.38%	Hold	5	N/A	N/A	N/A	N/A
BR	BROADRIDGE FINANCIAL SOLUTIONS INC	$17.25B	$146.57	$171.50	17.01%	Buy	2	N/A	N/A	N/A	N/A
SASI	SIGMA ADDITIVE SOLUTIONS INC	$4.74M	$0.44	$2.00	354.55%	Buy	1	N/A	N/A	N/A	N/A
SAIC	SCIENCE APPLICATIONS INTERNATIONAL CORP	$5.87B	$107.46	$106.00	-1.36%	Sell	3	N/A	N/A	N/A	N/A
CACI	CACI INTERNATIONAL INC	$6.96B	$296.28	$342.00	15.43%	Strong Buy	3	N/A	N/A	N/A	N/A
AUR	AURORA INNOVATION INC	$1.63B	$1.39	$2.50	79.86%	Hold	1	N/A	N/A	N/A	N/A
CLPS	CLPS INC	$26.46M	$1.12	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
WAVD	WAVEDANCER INC	$5.54M	$0.29	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AI	C3AI INC	$3.77B	$33.57	$24.25	-27.76%	Hold	4	N/A	N/A	N/A	N/A
VNET	VNET GROUP INC	$480.56M	$3.24	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
RSSS	RESEARCH SOLUTIONS INC	$58.62M	$2.01	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CYXT	CYXTERA TECHNOLOGIES INC	$54.80M	$0.31	$3.68	1,106.23%	Buy	7	N/A	N/A	N/A	N/A
TWKS	THOUGHTWORKS HOLDING INC	$2.33B	$7.36	$10.75	46.06%	Buy	6	N/A	N/A	N/A	N/A
ALYA	ALITHYA GROUP INC	$192.02M	$2.02	$3.50	73.27%	Buy	1	N/A	N/A	N/A	N/A
DXC	DXC TECHNOLOGY CO	$5.82B	$25.56	$32.33	26.50%	Buy	6	N/A	N/A	N/A	N/A
USIO	USIO INC	$45.92M	$1.74	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LDOS	LEIDOS HOLDINGS INC	$12.61B	$92.06	$106.40	15.58%	Hold	5	N/A	N/A	N/A	N/A
INOD	INNODATA INC	$233.81M	$8.54	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SABR	SABRE CORP	$1.41B	$4.29	$5.88	36.95%	Sell	4	N/A	N/A	N/A	N/A
DMRC	DIGIMARC CORP	$398.31M	$19.65	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PRTH	PRIORITY TECHNOLOGY HOLDINGS INC	$283.22M	$3.59	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CRGE	CHARGE ENTERPRISES INC	$227.58M	$1.10	$4.50	309.09%	Buy	1	N/A	N/A	N/A	N/A
AFRM	AFFIRM HOLDINGS INC	$3.31B	$11.27	$14.50	28.66%	Hold	16	N/A	N/A	N/A	N/A
MIGI	MAWSON INFRASTRUCTURE GROUP INC	$43.81M	$3.10	$12.00	287.10%	Strong Buy	1	N/A	N/A	N/A	N/A
GB	GLOBAL BLUE GROUP HOLDING AG	$1.21B	$6.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
UIS	UNISYS CORP	$263.10M	$3.88	$5.00	28.87%	Hold	2	N/A	N/A	N/A	N/A
WYY	WIDEPOINT CORP	$15.79M	$1.81	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
XRX	XEROX HOLDINGS CORP	$2.41B	$15.40	$11.33	-26.41%	Strong Sell	3	N/A	N/A	N/A	N/A
BTCM	BIT MINING LTD	$26.17M	$2.46	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CLVT	CLARIVATE PLC	$6.33B	$9.39	$13.88	47.76%	Strong Buy	4	N/A	N/A	N/A	N/A
FIS	FIDELITY NATIONAL INFORMATION SERVICES INC	$32.16B	$54.33	$74.36	36.86%	Buy	16	N/A	N/A	N/A	N/A
ISDR	ISSUER DIRECT CORP	$79.71M	$21.03	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NABL	N-ABLE INC	$2.40B	$13.20	$14.25	7.95%	Buy	2	N/A	N/A	N/A	N/A
KD	KYNDRYL HOLDINGS INC	$3.36B	$14.76	$14.00	-5.15%	Hold	2	N/A	N/A	N/A	N/A
NCR	NCR CORP	$3.29B	$23.59	$29.67	25.76%	Buy	3	N/A	N/A	N/A	N/A
PSFE	PAYSAFE LTD	$1.05B	$17.27	$39.75	130.17%	Hold	4	N/A	N/A	N/A	N/A
TDC	TERADATA CORP	$4.06B	$40.28	$42.13	4.58%	Buy	8	N/A	N/A	N/A	N/A
DNB	DUN & BRADSTREET HOLDINGS INC	$5.11B	$11.74	$15.61	32.97%	Buy	9	N/A	N/A	N/A	N/A
GIB	CGI INC	$22.90B	$96.27	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
BBAI	BIGBEARAI HOLDINGS INC	$308.11M	$2.44	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 Apr 2023?

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

1. Information Services Group (NASDAQ:III)

Information Services Group (NASDAQ:III) is the top information technology service stock with a Zen Score of 55, which is 27 points higher than the information technology service industry average of 28. It passed 21 out of 38 due diligence checks and has strong fundamentals. Information Services Group has seen its stock lose -25.26% over the past year, underperforming other information technology service stocks by -12 percentage points.

Information Services Group has an average 1 year price target of $7.00, an upside of 37.52% from Information Services Group's current stock price of $5.09.

Information Services Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Information Services Group, 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.

2. International Money Express (NASDAQ:IMXI)

International Money Express (NASDAQ:IMXI) is the second best information technology service stock with a Zen Score of 53, which is 25 points higher than the information technology service industry average of 28. It passed 17 out of 33 due diligence checks and has strong fundamentals. International Money Express has seen its stock return 25.08% over the past year, overperforming other information technology service stocks by 38 percentage points.

International Money Express has an average 1 year price target of $31.50, an upside of 22.19% from International Money Express's current stock price of $25.78.

International Money Express stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering International Money Express, 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.

3. Formula Systems (NASDAQ:FORTY)

Formula Systems (NASDAQ:FORTY) is the third best information technology service stock with a Zen Score of 51, which is 23 points higher than the information technology service industry average of 28. It passed 18 out of 38 due diligence checks and has strong fundamentals. Formula Systems has seen its stock lose -34.81% over the past year, underperforming other information technology service stocks by -21 percentage points.

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. IBM (NYSE:IBM)

IBM (NYSE:IBM) has an annual dividend yield of 5.03%, which is 3 percentage points higher than the information technology service industry average of 2.08%. 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 364.6% 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 4.46%, which is 2 percentage points higher than the information technology service industry average of 2.08%.

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

3. Fidelity National Information Services (NYSE:FIS)

Fidelity National Information Services (NYSE:FIS) has an annual dividend yield of 3.55%, which is 1 percentage points higher than the information technology service industry average of 2.08%. Fidelity National Information Services's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Fidelity National Information Services's dividend has shown consistent growth over the last 10 years.

Fidelity National Information Services's dividend payout ratio of -6.8% indicates that its dividend yield might not be sustainable for the long-term.

Why are information technology service stocks up?

Information technology service stocks were up 1.72% in the last day, and up 4.32% over the last week. Bigbearai Holdings was the among the top gainers in the information technology services industry, gaining 23.23% yesterday.

Shares of several companies in the tech sector are trading higher amid overall market strength after PCE data came in below estimates, which has raised hopes of slowing inflation. A decline in yields is also positively impacting the sector.

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. Formula Systems (NASDAQ:FORTY)

Formula Systems (NASDAQ:FORTY) is the most undervalued information technology service stock based on WallStreetZen's Valuation Score. Formula Systems has a valuation score of 100, which is 70 points higher than the information technology service industry average of 30. It passed 7 out of 7 valuation due diligence checks.

Formula Systems's stock has dropped -34.81% in the past year. It has underperformed other stocks in the information technology service industry by -21 percentage points.

2. Chindata Group Holdings (NASDAQ:CD)

Chindata Group Holdings (NASDAQ:CD) is the second most undervalued information technology service stock based on WallStreetZen's Valuation Score. Chindata Group Holdings has a valuation score of 86, which is 56 points higher than the information technology service industry average of 30. It passed 6 out of 7 valuation due diligence checks.

Chindata Group Holdings's stock has gained 10.6% in the past year. It has overperformed other stocks in the information technology service industry by 24 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 86, which is 56 points higher than the information technology service industry average of 30. It passed 6 out of 7 valuation due diligence checks.

Concentrix's stock has dropped -27.02% in the past year. It has underperformed other stocks in the information technology service industry by -14 percentage points.

Are information technology service stocks a good buy now?

52.83% of information technology service stocks rated by analysts are a buy right now. On average, analysts expect information technology service stocks to rise by 16.75% 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 29.14x.

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.