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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...
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
$472.30M6.52%77.40%$0.3270$0.6385%3
IBEX
IBEX LTD
$324.87MN/A0.00%N/AN/AN/AN/A
G
GENPACT LTD
$6.22B1.60%22.90%$0.1375$0.5530%02023-12-22
PRFT
PERFICIENT INC
$2.21BN/A0.00%N/AN/AN/AN/A
EPAM
EPAM SYSTEMS INC
$15.25BN/A0.00%N/AN/AN/AN/A
FI
FISERV INC
$78.88BN/A0.00%N/AN/AN/AN/A
EXLS
EXLSERVICE HOLDINGS INC
$4.81BN/A0.00%N/AN/AN/AN/A
III
INFORMATION SERVICES GROUP INC
$221.89M3.85%60.70%$0.0450$0.1865%12023-12-20
CD
CHINDATA GROUP HOLDINGS LTD
$3.21BN/A0.00%N/AN/AN/AN/A
CDW
CDW CORP
$28.48B1.12%29.10%$0.6200$2.3919%02023-12-12
WNS
WNS (HOLDINGS) LTD
$2.87BN/A0.00%N/AN/AN/AN/A
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
$35.31B1.65%27.70%$0.2900$1.1631%0
IBM
INTERNATIONAL BUSINESS MACHINES CORP
$146.30B4.14%86.80%$1.6600$6.6369%02023-12-09
GLOB
GLOBANT SA
$9.52BN/A0.00%N/AN/AN/AN/A
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
$6.72B1.15%15.50%$0.3700$1.4820%02024-01-112024-01-26
ASGN
ASGN INC
$4.30BN/A0.00%N/AN/AN/AN/A
CLVT
CLARIVATE PLC
$5.34BN/A0.00%N/AN/AN/AN/A
GIB
CGI INC
$24.25BN/A0.00%N/AN/AN/AN/A
GDYN
GRID DYNAMICS HOLDINGS INC
$947.90MN/A0.00%N/AN/AN/AN/A
INFY
INFOSYS LTD
$73.18B2.44%58.30%$0.2163$0.4345%7
TASK
TASKUS INC
$1.13BN/A0.00%N/AN/AN/AN/A
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$22.59B1.55%52.20%$0.8000$2.9828%02023-12-142024-01-05
PSN
PARSONS CORP
$6.61BN/A0.00%N/AN/AN/AN/A
TTEC
TTEC HOLDINGS INC
$943.27M5.23%120.90%$0.5200$1.0479%1
NABL
N-ABLE INC
$2.21BN/A0.00%N/AN/AN/AN/A
XRX
XEROX HOLDINGS CORP
$1.80B1.71%93.50%$0.2500$0.2532%22023-12-282024-01-31
ACN
ACCENTURE PLC
$222.88B1.39%42.70%$1.2900$4.6525%1
HCKT
HACKETT GROUP INC
$607.40M1.97%34.10%$0.1100$0.4437%22023-12-212024-01-05
CSPI
CSP INC
$115.78M0.57%11.60%$0.0400$0.148%1
CTLP
CANTALOUPE INC
$510.55MN/A0.00%N/AN/AN/AN/A
CTG
COMPUTER TASK GROUP INC
$168.67MN/A0.00%$0.0600N/AN/A0
JKHY
JACK HENRY & ASSOCIATES INC
$12.03B1.26%41.20%$0.5200$2.0822%02023-12-22
ARBB
ARB IOT GROUP LTD
$25.41MN/A0.00%N/AN/AN/AN/A
GDS
GDS HOLDINGS LTD
$1.76BN/A0.00%N/AN/AN/AN/A
IT
GARTNER INC
$34.77BN/A0.00%N/AN/AN/AN/A
CACI
CACI INTERNATIONAL INC
$7.21BN/A0.00%N/AN/AN/AN/A
FORTY
FORMULA SYSTEMS (1985) LTD
$927.59M1.03%30.10%$0.6215$0.6217%4
DTST
DATA STORAGE CORP
$21.81MN/A0.00%N/AN/AN/AN/A
CLPS
CLPS INC
$28.91M13.27%500.00%$0.1000$0.1597%02023-12-13
CNXC
CONCENTRIX CORP
$6.35B0.29%16.40%$0.2750$0.283%0
VNET
VNET GROUP INC
$440.96MN/A0.00%N/AN/AN/AN/A
CNDT
CONDUENT INC
$706.18MN/A0.00%N/AN/AN/AN/A
SRT
STARTEK INC
$174.29MN/A0.00%N/AN/AN/AN/A
SASI
SIGMA ADDITIVE SOLUTIONS INC
$2.46MN/A0.00%N/AN/AN/AN/A
AUR
AURORA INNOVATION INC
$4.00BN/A0.00%N/AN/AN/AN/A
NYAX
NAYAX LTD
$670.65MN/A0.00%N/AN/AN/AN/A
WIT
WIPRO LTD
$27.30B0.25%4.70%$0.0123$0.012%3
LDOS
LEIDOS HOLDINGS INC
$14.94B1.32%134.60%$0.3600$1.4424%02023-12-142023-12-29
BBAI
BIGBEARAI HOLDINGS INC
$257.18MN/A0.00%N/AN/AN/AN/A
NOTE
FISCALNOTE HOLDINGS INC
$155.08MN/A0.00%N/AN/AN/AN/A
TWKS
THOUGHTWORKS HOLDING INC
$1.34BN/A0.00%N/AN/AN/AN/A
WYY
WIDEPOINT CORP
$18.21MN/A0.00%N/AN/AN/AN/A
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
$34.91B3.53%-5.00%$0.5200$2.0861%02023-12-22
ALYA
ALITHYA GROUP INC
$99.52MN/A0.00%N/AN/AN/AN/A
BTCM
BIT MINING LTD
$41.12MN/A0.00%N/AN/AN/AN/A
INOD
INNODATA INC
$231.11MN/A0.00%N/AN/AN/AN/A
WAVD
WAVEDANCER INC
$3.52MN/A0.00%N/AN/AN/AN/A
KD
KYNDRYL HOLDINGS INC
$4.20BN/A0.00%N/AN/AN/AN/A
DMRC
DIGIMARC CORP
$681.58MN/A0.00%$0.1100N/AN/A0
SLNH
SOLUNA HOLDINGS INC
$5.33MN/A0.00%$9.2500N/AN/A0
JFU
9F INC
$47.45MN/A0.00%N/AN/AN/AN/A
VYX
NCR VOYIX CORP
$2.19BN/A0.00%N/AN/AN/AN/A
DXC
DXC TECHNOLOGY CO
$4.57BN/A0.00%$0.2100N/AN/A0
CTM
CASTELLUM INC
$10.96MN/A0.00%N/AN/AN/AN/A
NATL
NCR ATLEOS CORP
$1.53BN/AN/AN/AN/AN/AN/A
UIS
UNISYS CORP
$365.91MN/A0.00%N/AN/AN/AN/A
CAUD
COLLECTIVE AUDIENCE INC
$25.53MN/A0.00%N/AN/AN/AN/A

Information Technology Service Stocks FAQ

What are the best information technology service stocks to buy right now in Dec 2023?

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

1. Magic Software Enterprises (NASDAQ:MGIC)


Magic Software Enterprises (NASDAQ:MGIC) is the top information technology service stock with a Zen Score of 67, which is 33 points higher than the information technology service industry average of 34. It passed 24 out of 38 due diligence checks and has strong fundamentals. Magic Software Enterprises has seen its stock lose -41.48% over the past year, underperforming other information technology service stocks by -46 percentage points.

Magic Software Enterprises has an average 1 year price target of $18.00, an upside of 87.11% from Magic Software Enterprises's current stock price of $9.62.

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.

2. Ibex (NASDAQ:IBEX)


Ibex (NASDAQ:IBEX) is the second best information technology service stock with a Zen Score of 61, which is 27 points higher than the information technology service industry average of 34. It passed 20 out of 33 due diligence checks and has strong fundamentals. Ibex has seen its stock lose -33.35% over the past year, underperforming other information technology service stocks by -38 percentage points.

Ibex has an average 1 year price target of $20.00, an upside of 10.44% from Ibex's current stock price of $18.11.

Ibex stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Ibex, 16.67% have issued a Strong Buy rating, 16.67% 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. Genpact (NYSE:G)


Genpact (NYSE:G) is the third best information technology service stock with a Zen Score of 58, which is 24 points higher than the information technology service industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Genpact has seen its stock lose -22.94% over the past year, underperforming other information technology service stocks by -27 percentage points.

Genpact has an average 1 year price target of $41.60, an upside of 21.28% from Genpact's current stock price of $34.30.

Genpact stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Genpact, 0% have issued a Strong Buy rating, 20% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 20% 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 13.27%, which is 11 percentage points higher than the information technology service industry average of 2.66%.

Clps's dividend payout ratio of 500% indicates that its high dividend yield might not be sustainable for the long-term.

2. Magic Software Enterprises (NASDAQ:MGIC)


Magic Software Enterprises (NASDAQ:MGIC) has an annual dividend yield of 6.52%, which is 4 percentage points higher than the information technology service industry average of 2.66%. Magic Software Enterprises's dividend payout is not stable, having dropped more than 10% three 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 77.4% indicates that its high dividend yield is sustainable for the long-term.

3. Ttec Holdings (NASDAQ:TTEC)


Ttec Holdings (NASDAQ:TTEC) has an annual dividend yield of 5.23%, which is 3 percentage points higher than the information technology service industry average of 2.66%. 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 120.9% 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 0.3% in the last day, and up 1.66% 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. 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 68 points higher than the information technology service industry average of 32. It passed 7 out of 7 valuation due diligence checks.

Magic Software Enterprises's stock has dropped -41.48% in the past year. It has underperformed other stocks in the information technology service industry by -46 percentage points.

2. Information Services Group (NASDAQ:III)


Information Services Group (NASDAQ:III) is the second most undervalued information technology service stock based on WallStreetZen's Valuation Score. Information Services Group has a valuation score of 86, which is 54 points higher than the information technology service industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Information Services Group's stock has dropped -11.5% in the past year. It has underperformed other stocks in the information technology service industry by -16 percentage points.

3. Xerox Holdings (NASDAQ:XRX)


Xerox Holdings (NASDAQ:XRX) is the third most undervalued information technology service stock based on WallStreetZen's Valuation Score. Xerox Holdings has a valuation score of 86, which is 54 points higher than the information technology service industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Xerox Holdings's stock has dropped -7.53% in the past year. It has underperformed other stocks in the information technology service industry by -12 percentage points.

Are information technology service stocks a good buy now?

34.04% of information technology service stocks rated by analysts are a strong buy right now. On average, analysts expect information technology service stocks to rise by 4.47% 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 26.07x.
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.