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

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
CD	CHINDATA GROUP HOLDINGS LTD	China	$2.19B	730,800,606	10.58%	0.00%
IMXI	INTERNATIONAL MONEY EXPRESS INC	United States	$860.56M	36,418,273	48.17%	51.83%	Net Selling	Net Selling
CTSH	COGNIZANT TECHNOLOGY SOLUTIONS CORP	United States	$31.56B	507,477,456	89.56%	0.70%	Net Selling	Net Selling
PRFT	PERFICIENT INC	United States	$2.65B	34,838,170	86.85%	13.15%	Net Buying	Net Selling
EPAM	EPAM SYSTEMS INC	United States	$14.94B	57,905,539	60.09%	39.91%	Net Selling	Net Selling
G	GENPACT LTD	Bermuda	$6.78B	184,151,153	28.95%	71.05%	Net Selling	Net Selling
FISV	FISERV INC	United States	$69.60B	617,309,915	76.12%	23.88%	Net Selling	Net Buying
INFY	INFOSYS LTD	India	$66.59B	4,206,738,641	12.07%	0.00%
CSPI	CSP INC	United States	$58.13M	4,710,574	24.30%	40.83%	Net Buying	Net Buying
EXLS	EXLSERVICE HOLDINGS INC	United States	$5.08B	33,246,709	63.91%	36.09%	Net Selling	Net Buying
III	INFORMATION SERVICES GROUP INC	United States	$244.82M	48,382,738	34.13%	65.87%	Net Buying	Net Buying
FORTY	FORMULA SYSTEMS (1985) LTD	Israel	$1.05B	15,300,267	0.24%	0.00%
SAIC	SCIENCE APPLICATIONS INTERNATIONAL CORP	United States	$5.36B	54,200,358	76.39%	2.66%	Net Selling	Net Selling
TASK	TASKUS INC	United States	$1.12B	97,098,807	25.67%	0.95%	Net Selling	Net Selling
TTEC	TTEC HOLDINGS INC	United States	$1.53B	47,253,110	18.80%	81.20%	Net Selling	Net Selling
ACN	ACCENTURE PLC	Ireland	$202.33B	662,934,315	69.75%	0.91%	Net Selling	Net Selling
SNX	TD SYNNEX CORP	United States	$8.43B	94,357,028	36.89%	63.11%	Net Buying	Net Selling
CDW	CDW CORP	United States	$23.36B	134,786,680	80.37%	19.63%	Net Selling	Net Selling
NSIT	INSIGHT ENTERPRISES INC	United States	$4.49B	33,262,388	66.45%	33.55%	Net Buying	Net Buying
FLT	FLEETCOR TECHNOLOGIES INC	United States	$16.83B	73,834,200	51.76%	48.24%	Net Buying	Net Selling
HCKT	HACKETT GROUP INC	United States	$526.39M	27,189,331	46.53%	53.47%	Net Selling
NCR	NCR CORP	United States	$3.37B	140,400,000	82.88%	17.12%	Net Buying	Net Buying
BR	BROADRIDGE FINANCIAL SOLUTIONS INC	United States	$17.58B	117,980,540	89.00%	1.37%	Net Selling	Net Selling
JKHY	JACK HENRY & ASSOCIATES INC	United States	$11.02B	72,875,305	91.99%	7.37%	Net Selling	Net Buying
WIT	WIPRO LTD	India	$27.06B	5,487,917,741	2.21%	0.00%
TLS	TELOS CORP	United States	$201.23M	69,389,506	32.19%	67.81%	Net Buying	Net Buying
GDYN	GRID DYNAMICS HOLDINGS INC	United States	$704.03M	74,896,752	54.22%	45.78%	Net Selling	Net Selling
GDS	GDS HOLDINGS LTD	China	$1.97B	1,524,432,991	4.66%	0.00%
LDOS	LEIDOS HOLDINGS INC	United States	$10.76B	137,167,264	74.96%	5.06%	Net Selling	Net Selling
IT	GARTNER INC	United States	$26.89B	79,042,049	34.17%	65.83%	Net Selling	Net Buying
CNXC	CONCENTRIX CORP	United States	$4.57B	52,061,583	69.94%	30.06%	Net Selling
SASI	SIGMA ADDITIVE SOLUTIONS INC	United States	$3.88M	10,772,713	10.07%	16.36%	Net Buying
PAY	PAYMENTUS HOLDINGS INC	United States	$1.24B	123,352,624	12.68%	3.56%	Net Selling	Net Selling
TWKS	THOUGHTWORKS HOLDING INC	United States	$2.50B	317,248,201	16.35%	83.65%	Net Selling	Net Buying
DTST	DATA STORAGE CORP	United States	$12.55M	6,822,127	0.46%	99.54%
IBM	INTERNATIONAL BUSINESS MACHINES CORP	United States	$117.88B	908,045,414	55.73%	0.42%	Net Selling
AI	C3AI INC	United States	$3.90B	112,209,724	45.63%	28.75%	Net Selling	Net Selling
NABL	N-ABLE INC	United States	$2.60B	182,037,246	42.43%	57.57%	Net Buying	Net Selling
GIB	CGI INC	Canada	$24.44B	235,424,328	47.36%	0.00%
RAMP	LIVERAMP HOLDINGS INC	United States	$1.64B	66,402,555	55.01%	44.99%	Net Selling	Net Selling
FLYW	FLYWIRE CORP	United States	$3.40B	110,756,514	67.95%	32.05%	Net Selling	Net Selling
CACI	CACI INTERNATIONAL INC	United States	$6.86B	22,793,060	87.40%	12.60%	Net Selling	Net Selling
CTG	COMPUTER TASK GROUP INC	United States	$112.39M	15,896,768	51.33%	27.33%	Net Buying	Net Buying
TDC	TERADATA CORP	United States	$4.74B	101,100,000	89.25%	5.20%	Net Selling	Net Selling
AFRM	AFFIRM HOLDINGS INC	United States	$4.31B	295,685,527	60.65%	17.97%	Net Selling	Net Selling
CNDT	CONDUENT INC	United States	$683.73M	218,443,105	63.45%	36.55%	Net Buying	Net Buying
VNET	VNET GROUP INC	China	$400.14M	890,714,046	9.58%	0.00%
ALYA	ALITHYA GROUP INC	Canada	$163.50M	95,060,697	17.55%	0.00%
CRGE	CHARGE ENTERPRISES INC	United States	$194.12M	212,849,281	16.43%	16.94%	Net Buying	Net Buying
CLPS	CLPS INC	Hong Kong	$30.48M	23,626,122	0.21%	0.00%
SABR	SABRE CORP	United States	$1.07B	332,054,875	70.07%	29.93%	Net Buying	Net Buying
MIGI	MAWSON INFRASTRUCTURE GROUP INC	Australia	$42.14M	16,208,041	3.95%	96.05%	Net Buying
FIS	FIDELITY NATIONAL INFORMATION SERVICES INC	United States	$32.58B	592,436,518	65.02%	34.98%	Net Selling	Net Selling
RSSS	RESEARCH SOLUTIONS INC	United States	$61.07M	29,500,764	22.70%	77.30%	Net Buying	Net Selling
USIO	USIO INC	United States	$52.81M	26,536,638	5.38%	94.62%	Net Selling	Net Buying
PRTH	PRIORITY TECHNOLOGY HOLDINGS INC	United States	$276.92M	76,496,121	8.37%	91.63%	Net Selling	Net Selling
AUR	AURORA INNOVATION INC	United States	$1.76B	1,180,413,267	25.57%	28.28%	Net Selling	Net Selling
CYXT	CYXTERA TECHNOLOGIES INC	United States	$28.85M	180,317,485	29.52%	70.48%	Net Selling
UIS	UNISYS CORP	United States	$262.13M	68,263,942	88.86%	7.82%	Net Buying	Net Buying
WYY	WIDEPOINT CORP	United States	$15.55M	8,785,616	6.02%	93.98%	Net Buying	Net Buying
KD	KYNDRYL HOLDINGS INC	United States	$2.79B	227,843,767	63.73%	20.83%	Net Selling
DMRC	DIGIMARC CORP	United States	$585.30M	20,273,530	46.92%	53.08%	Net Buying	Net Buying
INOD	INNODATA INC	United States	$292.86M	27,549,984	15.97%	33.54%	Net Selling	Net Selling
GB	GLOBAL BLUE GROUP HOLDING AG	Switzerland	$1.04B	201,226,883	80.63%	4.04%
BTCM	BIT MINING LTD	United States	$31.17M	1,063,813,309	0.04%	0.00%
XRX	XEROX HOLDINGS CORP	United States	$2.21B	156,958,464	47.80%	52.20%	Net Selling	Net Selling
DXC	DXC TECHNOLOGY CO	United States	$5.24B	211,274,016	91.16%	2.54%	Net Selling	Net Selling
DNB	DUN & BRADSTREET HOLDINGS INC	United States	$4.38B	439,338,578	41.64%	58.36%	Net Selling	Net Selling
ISDR	ISSUER DIRECT CORP	United States	$74.57M	3,791,020	22.37%	77.63%	Net Buying	Net Buying
WAVD	WAVEDANCER INC	United States	$7.13M	19,259,834	3.45%	28.76%	Net Buying
CLVT	CLARIVATE PLC	United States	$5.41B	675,764,415	65.99%	34.01%	Net Selling	Net Selling
PSFE	PAYSAFE LTD	United Kingdom	$582.65M	61,266,977	50.63%	0.00%
BBAI	BIGBEARAI HOLDINGS INC	United States	$298.64M	142,888,068	3.58%	76.57%	Net Selling	Net Selling

Information Technology Service Stocks FAQ

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

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

1. Chindata Group Holdings (NASDAQ:CD)

Chindata Group Holdings (NASDAQ:CD) is the top information technology service stock with a Zen Score of 70, which is 36 points higher than the information technology service industry average of 34. It passed 23 out of 33 due diligence checks and has strong fundamentals. Chindata Group Holdings has seen its stock lose -14.94% over the past year, underperforming other information technology service stocks by -7 percentage points.

2. International Money Express (NASDAQ:IMXI)

International Money Express (NASDAQ:IMXI) 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. International Money Express has seen its stock return 12.9% over the past year, overperforming other information technology service stocks by 21 percentage points.

International Money Express has an average 1 year price target of $32.67, an upside of 38.24% from International Money Express's current stock price of $23.63.

International Money Express stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 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. Cognizant Technology Solutions (NASDAQ:CTSH)

Cognizant Technology Solutions (NASDAQ:CTSH) is the third best information technology service stock with a Zen Score of 59, which is 25 points higher than the information technology service industry average of 34. It passed 21 out of 38 due diligence checks and has strong fundamentals. Cognizant Technology Solutions has seen its stock lose -16.16% over the past year, underperforming other information technology service stocks by -8 percentage points.

Cognizant Technology Solutions has an average 1 year price target of $66.27, an upside of 6.57% from Cognizant Technology Solutions's current stock price of $62.19.

Cognizant Technology Solutions stock has a consensus Hold recommendation according to Wall Street analysts. Of the 11 analysts covering Cognizant Technology Solutions, 18.18% have issued a Strong Buy rating, 9.09% have issued a Buy, 36.36% have issued a hold, while 18.18% have issued a Sell rating, and 18.18% 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. IBM (NYSE:IBM)

IBM (NYSE:IBM) has an annual dividend yield of 5.09%, which is 3 percentage points higher than the information technology service industry average of 2%. 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 326.7% indicates that its dividend yield might not be sustainable for the long-term.

2. Clps (NASDAQ:CLPS)

Clps (NASDAQ:CLPS) has an annual dividend yield of 3.88%, which is 2 percentage points higher than the information technology service industry average of 2%.

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 3.51%, which is 2 percentage points higher than the information technology service industry average of 2%. 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 -7% 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 0.1% in the last day, and up 1.28% over the last week. Taskus was the among the top gainers in the information technology services industry, gaining 6.64% yesterday.

TaskUs shares are trading higher after the company announced the launch of TaskGPT.

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. Csp (NASDAQ:CSPI)

Csp (NASDAQ:CSPI) is the most undervalued information technology service stock based on WallStreetZen's Valuation Score. Csp has a valuation score of 100, which is 67 points higher than the information technology service industry average of 33. It passed 7 out of 7 valuation due diligence checks.

Csp's stock has gained 37.42% in the past year. It has overperformed other stocks in the information technology service industry by 46 percentage points.

2. Formula Systems (NASDAQ:FORTY)

Formula Systems (NASDAQ:FORTY) is the second most undervalued information technology service stock based on WallStreetZen's Valuation Score. Formula Systems has a valuation score of 100, which is 67 points higher than the information technology service industry average of 33. It passed 7 out of 7 valuation due diligence checks.

Formula Systems's stock has dropped -27.49% in the past year. It has underperformed other stocks in the information technology service industry by -19 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 53 points higher than the information technology service industry average of 33. It passed 6 out of 7 valuation due diligence checks.

Concentrix's stock has dropped -43.63% in the past year. It has underperformed other stocks in the information technology service industry by -35 percentage points.

Are information technology service stocks a good buy now?

49.06% of information technology service stocks rated by analysts are a buy right now. On average, analysts expect information technology service stocks to rise by 17.03% 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 21.35x.

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.