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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
G
GENPACT LTD
Bermuda
$5.99B179,979,36828.65%71.35%Net SellingNet Selling
GDYN
GRID DYNAMICS HOLDINGS INC
United States
$917.49M76,521,18255.72%44.28%Net SellingNet Selling
GMM
GLOBAL MOFY METAVERSE LTD
China
$23.69M28,545,4682.42%0.00%
FI
FISERV INC
United States
$91.30B585,101,87375.50%24.50%Net SellingNet Buying
EPAM
EPAM SYSTEMS INC
United States
$12.11B57,974,37159.32%40.68%Net BuyingNet Selling
EXLS
EXLSERVICE HOLDINGS INC
United States
$5.52B162,438,15088.73%11.27%Net SellingNet Selling
GIB
CGI INC
Canada
$24.64B232,775,63750.84%0.00%
INOD
INNODATA INC
United States
$507.49M28,752,87432.03%30.80%Net Selling
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
United States
$6.19B51,231,15675.33%3.07%Net SellingNet Buying
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
United States
$36.96B497,198,86891.67%0.75%Net SellingNet Selling
CTLP
CANTALOUPE INC
United States
$507.48M72,809,71365.09%34.91%Net Buying
JKHY
JACK HENRY & ASSOCIATES INC
United States
$12.11B72,900,02692.46%7.42%Net SellingNet Selling
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
Israel
$544.02M49,099,30514.63%0.00%
IBEX
IBEX LTD
United States
$285.76M17,214,44633.15%66.85%Net Selling
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
United States
$23.86B118,180,47788.81%1.43%Net SellingNet Buying
CDW
CDW CORP
United States
$30.76B134,397,68079.74%20.26%Net SellingNet Selling
INFY
INFOSYS LTD
India
$89.99B4,150,867,46411.43%0.00%
DTST
DATA STORAGE CORP
United States
$42.17M6,970,9432.11%97.89%Net Buying
WNS
WNS (HOLDINGS) LTD
India
$2.53B45,684,14583.36%0.00%
TASK
TASKUS INC
United States
$1.42B88,066,35117.69%2.14%Net SellingNet Selling
IBM
INTERNATIONAL BUSINESS MACHINES CORP
United States
$168.33B918,602,66658.78%0.44%Net SellingNet Selling
GLOB
GLOBANT SA
Luxembourg
$8.37B43,086,28289.49%0.00%
PRFT
PERFICIENT INC
United States
$2.63B35,156,31987.29%12.71%Net Buying
NABL
N-ABLE INC
United States
$2.61B184,763,42449.95%50.05%Net SellingNet Selling
HCKT
HACKETT GROUP INC
United States
$657.49M27,613,91246.15%53.85%Net Selling
ACN
ACCENTURE PLC
Ireland
$221.30B672,265,63670.19%0.89%Net SellingNet Selling
CACI
CACI INTERNATIONAL INC
United States
$9.93B22,296,41086.76%13.24%Net SellingNet Selling
CSPI
CSP INC
United States
$143.09M9,753,90029.15%28.59%Net BuyingNet Buying
LDOS
LEIDOS HOLDINGS INC
United States
$20.27B135,211,53574.16%5.28%Net SellingNet Buying
PSN
PARSONS CORP
United States
$11.37B146,747,74570.87%0.94%Net SellingNet Selling
ASGN
ASGN INC
United States
$4.71B45,900,00093.33%6.67%Net SellingNet Selling
IT
GARTNER INC
United States
$35.60B77,630,46833.30%66.70%Net SellingNet Selling
CNXC
CONCENTRIX CORP
United States
$4.37B65,328,96664.90%35.10%Net SellingNet Selling
FORTY
FORMULA SYSTEMS (1985) LTD
Israel
$1.23B15,303,2675.57%0.00%
III
INFORMATION SERVICES GROUP INC
United States
$163.52M48,665,38030.49%69.51%Net BuyingNet Buying
WIT
WIPRO LTD
India
$31.82B5,225,138,2462.64%0.00%
NYAX
NAYAX LTD
Israel
$791.51M33,326,73614.94%0.00%
DXC
DXC TECHNOLOGY CO
United States
$3.52B178,912,97696.51%3.49%Net SellingNet Selling
VNET
VNET GROUP INC
China
$547.38M1,568,300,3604.51%0.00%
TWKS
THOUGHTWORKS HOLDING INC
United States
$981.66M322,913,81818.02%81.98%Net Selling
GDS
GDS HOLDINGS LTD
China
$2.22B1,524,432,9914.84%0.00%
CNDT
CONDUENT INC
United States
$799.92M204,583,48872.48%27.52%Net SellingNet Selling
BBAI
BIGBEARAI HOLDINGS INC
United States
$364.19M246,076,0786.44%61.61%Net BuyingNet Buying
CLPS
CLPS INC
Hong Kong
$23.69M25,616,0560.12%0.00%
DMRC
DIGIMARC CORP
United States
$696.98M21,373,32347.75%52.25%Net BuyingNet Buying
NOTE
FISCALNOTE HOLDINGS INC
United States
$247.26M134,378,44933.61%66.39%Net SellingNet Selling
AUR
AURORA INNOVATION INC
United States
$6.57B1,552,378,60445.41%22.66%Net BuyingNet Selling
WYY
WIDEPOINT CORP
United States
$33.89M9,311,7615.59%94.41%Net Selling
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
United States
$41.86B556,251,44764.61%35.39%Net SellingNet Selling
VYX
NCR VOYIX CORP
United States
$2.12B145,014,98984.38%15.62%Net Selling
SLNH
SOLUNA HOLDINGS INC
United States
$25.02M3,921,5031.03%98.97%Net BuyingNet Buying
BTCM
BIT MINING LTD
United States
$36.23M1,111,232,3090.03%0.00%
JFU
9F INC
China
$23.78M235,466,6600.01%0.00%
KD
KYNDRYL HOLDINGS INC
United States
$6.29B230,513,43769.85%20.93%Net BuyingNet Selling
CTM
CASTELLUM INC
United States
$11.03M53,029,91511.56%71.50%Net BuyingNet Buying
TTEC
TTEC HOLDINGS INC
United States
$353.35M47,557,16519.79%80.21%Net SellingNet Selling
WAVD
WAVEDANCER INC
United States
$3.93M2,013,1801.31%98.69%Net Buying
CLVT
CLARIVATE PLC
United States
$4.40B668,237,61060.84%39.16%Net SellingNet Selling
ARBB
ARB IOT GROUP LTD
Singapore
$13.14M26,437,5000.00%0.00%
NTRP
NEXTTRIP INC
United States
$2.58M780,4230.16%99.84%Net Buying
UIS
UNISYS CORP
United States
$318.45M69,228,51582.46%9.93%Net SellingNet Selling
XRX
XEROX HOLDINGS CORP
United States
$1.48B124,198,43251.60%48.40%Net Selling

Information Technology Service Stocks FAQ

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

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

1. Genpact (NYSE:G)


Genpact (NYSE:G) is the top information technology service stock with a Zen Score of 62, which is 27 points higher than the information technology service industry average of 35. It passed 23 out of 38 due diligence checks and has strong fundamentals. Genpact has seen its stock lose -13.92% over the past year, underperforming other information technology service stocks by -24 percentage points.

Genpact has an average 1 year price target of $37.67, an upside of 13.22% from Genpact's current stock price of $33.27.

Genpact stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Genpact, 0% have issued a Strong Buy rating, 16.67% have issued a Buy, 83.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Grid Dynamics Holdings (NASDAQ:GDYN)


Grid Dynamics Holdings (NASDAQ:GDYN) is the second best information technology service stock with a Zen Score of 60, which is 25 points higher than the information technology service industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals. Grid Dynamics Holdings has seen its stock return 9.1% over the past year, underperforming other information technology service stocks by -1 percentage points.

Grid Dynamics Holdings has an average 1 year price target of $15.33, an upside of 27.88% from Grid Dynamics Holdings's current stock price of $11.99.

Grid Dynamics Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Grid Dynamics Holdings, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Global Mofy Metaverse (NASDAQ:GMM)


Global Mofy Metaverse (NASDAQ:GMM) is the third best information technology service stock with a Zen Score of 59, which is 24 points higher than the information technology service industry average of 35. It passed 19 out of 33 due diligence checks and has strong fundamentals.

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. Clps (NASDAQ:CLPS)


Clps (NASDAQ:CLPS) has an annual dividend yield of 10.81%, which is 8 percentage points higher than the information technology service industry average of 2.53%.

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

2. Ttec Holdings (NASDAQ:TTEC)


Ttec Holdings (NASDAQ:TTEC) has an annual dividend yield of 7.81%, which is 5 percentage points higher than the information technology service industry average of 2.53%. 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 -223.1% 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 5.36%, which is 3 percentage points higher than the information technology service industry average of 2.53%. 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 -1,800% 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 -0.96% in the last day, and up 1.63% over the last week. Wipro was the among the top losers in the information technology services industry, dropping -11.61% yesterday.

Wipro shares are trading lower following Q1 earnings.

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 86, which is 60 points higher than the information technology service industry average of 26. It passed 6 out of 7 valuation due diligence checks.

Magic Software Enterprises's stock has dropped -16.25% in the past year. It has underperformed other stocks in the information technology service industry by -26 percentage points.

2. Global Mofy Metaverse (NASDAQ:GMM)


Global Mofy Metaverse (NASDAQ:GMM) is the second most undervalued information technology service stock based on WallStreetZen's Valuation Score. Global Mofy Metaverse has a valuation score of 71, which is 45 points higher than the information technology service industry average of 26. It passed 5 out of 7 valuation due diligence checks.

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 45 points higher than the information technology service industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Concentrix's stock has dropped -20.1% in the past year. It has underperformed other stocks in the information technology service industry by -30 percentage points.

Are information technology service stocks a good buy now?

36.96% of information technology service stocks rated by analysts are a buy right now. On average, analysts expect information technology service stocks to rise by 9.09% 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 29.01x.
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