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

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
EPAM	EPAM SYSTEMS INC	United States	$10.89B	57,974,371	59.29%	40.71%	Net Buying	Net Buying
GDYN	GRID DYNAMICS HOLDINGS INC	United States	$782.05M	76,521,182	55.64%	44.36%	Net Selling	Net Buying
CTSH	COGNIZANT TECHNOLOGY SOLUTIONS CORP	United States	$34.19B	497,198,868	91.40%	0.74%	Net Selling	Net Selling
GMM	GLOBAL MOFY METAVERSE LTD	China	$27.12M	28,545,468	2.42%	0.00%
G	GENPACT LTD	Bermuda	$6.18B	179,979,368	28.63%	71.37%	Net Selling
EXLS	EXLSERVICE HOLDINGS INC	United States	$5.06B	162,438,150	88.66%	11.34%	Net Selling	Net Selling
FI	FISERV INC	United States	$89.35B	585,101,873	75.48%	24.52%	Net Selling	Net Buying
CDW	CDW CORP	United States	$30.06B	134,397,680	79.60%	20.40%	Net Selling	Net Selling
TASK	TASKUS INC	United States	$1.32B	88,066,351	17.69%	1.88%	Net Selling	Net Selling
IBM	INTERNATIONAL BUSINESS MACHINES CORP	United States	$155.27B	918,602,666	58.68%	0.44%	Net Selling	Net Selling
GIB	CGI INC	Canada	$24.47B	232,775,637	50.68%	0.00%
INFY	INFOSYS LTD	India	$71.06B	4,148,560,044	11.43%	0.00%
DTST	DATA STORAGE CORP	United States	$42.17M	6,970,943	2.11%	97.89%	Net Buying
ASGN	ASGN INC	United States	$4.64B	45,900,000	93.33%	6.67%	Net Selling	Net Selling
IBEX	IBEX LTD	United States	$266.48M	17,214,446	33.15%	66.85%	Net Selling	Net Selling
GLOB	GLOBANT SA	Luxembourg	$7.23B	43,086,282	89.36%	0.00%
ACN	ACCENTURE PLC	Ireland	$203.63B	670,736,496	70.11%	0.89%	Net Selling	Net Selling
PRFT	PERFICIENT INC	United States	$2.59B	35,156,319	87.26%	12.74%	Net Buying	Net Buying
JKHY	JACK HENRY & ASSOCIATES INC	United States	$12.32B	72,900,026	92.22%	7.42%	Net Selling
HCKT	HACKETT GROUP INC	United States	$594.80M	27,613,912	46.15%	53.85%	Net Selling	Net Selling
SAIC	SCIENCE APPLICATIONS INTERNATIONAL CORP	United States	$7.06B	51,648,397	74.53%	2.99%	Net Selling	Net Selling
CSPI	CSP INC	United States	$139.87M	9,753,900	29.15%	28.29%	Net Buying	Net Buying
CTLP	CANTALOUPE INC	United States	$480.18M	72,809,713	65.09%	34.91%	Net Buying
WIT	WIPRO LTD	India	$29.55B	5,482,733,329	2.51%	0.00%
BR	BROADRIDGE FINANCIAL SOLUTIONS INC	United States	$24.05B	118,180,477	88.71%	1.42%	Net Selling	Net Selling
WNS	WNS (HOLDINGS) LTD	India	$2.36B	45,684,145	83.28%	0.00%
CACI	CACI INTERNATIONAL INC	United States	$9.52B	22,296,410	86.39%	13.24%	Net Selling	Net Selling
NABL	N-ABLE INC	United States	$2.36B	184,763,424	49.96%	50.04%	Net Selling	Net Selling
FORTY	FORMULA SYSTEMS (1985) LTD	Israel	$1.25B	15,332,667	5.56%	0.00%
CNXC	CONCENTRIX CORP	United States	$4.32B	65,991,915	64.89%	35.11%	Net Selling	Net Buying
PSN	PARSONS CORP	United States	$11.23B	146,747,745	70.79%	0.94%	Net Selling	Net Selling
LDOS	LEIDOS HOLDINGS INC	United States	$20.10B	135,211,535	74.13%	5.28%	Net Buying	Net Selling
IT	GARTNER INC	United States	$34.95B	77,630,468	33.15%	66.85%	Net Selling	Net Selling
INOD	INNODATA INC	United States	$345.32M	28,752,874	32.03%	30.69%	Net Selling
DXC	DXC TECHNOLOGY CO	United States	$2.96B	178,912,976	97.03%	2.97%	Net Selling	Net Buying
MGIC	MAGIC SOFTWARE ENTERPRISES LTD	Israel	$583.30M	49,099,305	14.63%	0.00%
III	INFORMATION SERVICES GROUP INC	United States	$152.32M	48,665,380	30.58%	69.42%	Net Buying	Net Buying
NYAX	NAYAX LTD	Israel	$859.70M	33,326,736	14.64%	0.00%
TWKS	THOUGHTWORKS HOLDING INC	United States	$1.04B	322,913,818	18.03%	81.97%	Net Selling
GDS	GDS HOLDINGS LTD	China	$1.81B	1,524,432,991	4.82%	0.00%
VNET	VNET GROUP INC	China	$518.18M	1,513,609,283	4.68%	0.00%
CNDT	CONDUENT INC	United States	$781.51M	204,583,488	61.80%	38.20%	Net Buying	Net Buying
CLPS	CLPS INC	Hong Kong	$24.08M	25,616,056	0.12%	0.00%
BBAI	BIGBEARAI HOLDINGS INC	United States	$371.57M	246,076,078	6.40%	60.74%	Net Buying	Net Buying
NOTE	FISCALNOTE HOLDINGS INC	United States	$197.54M	134,378,449	34.91%	65.09%	Net Selling	Net Selling
AUR	AURORA INNOVATION INC	United States	$4.25B	1,552,378,604	45.40%	21.03%	Net Selling	Net Selling
WYY	WIDEPOINT CORP	United States	$25.05M	9,311,761	5.59%	94.41%	Net Selling	Net Selling
FIS	FIDELITY NATIONAL INFORMATION SERVICES INC	United States	$43.59B	556,251,447	64.58%	35.42%	Net Selling	Net Selling
DMRC	DIGIMARC CORP	United States	$539.25M	21,373,323	47.81%	52.19%	Net Buying	Net Selling
VYX	NCR VOYIX CORP	United States	$1.95B	145,014,989	84.42%	15.58%	Net Selling	Net Selling
JFU	9F INC	China	$39.44M	235,466,660	0.01%	0.00%
CTM	CASTELLUM INC	United States	$13.52M	53,029,915	11.36%	71.27%	Net Buying
TTEC	TTEC HOLDINGS INC	United States	$346.22M	47,557,165	19.79%	80.21%	Net Selling	Net Selling
KD	KYNDRYL HOLDINGS INC	United States	$6.39B	230,103,348	69.94%	20.82%	Net Buying
SLNH	SOLUNA HOLDINGS INC	United States	$10.25M	3,921,503	1.05%	98.95%	Net Buying
WAVD	WAVEDANCER INC	United States	$5.64M	2,013,180	1.31%	98.69%	Net Buying
CLVT	CLARIVATE PLC	United States	$4.02B	668,237,610	60.84%	39.16%	Net Selling	Net Selling
BTCM	BIT MINING LTD	United States	$28.34M	1,111,232,309	0.03%	0.00%
ARBB	ARB IOT GROUP LTD	Singapore	$22.37M	26,437,500	0.00%	0.00%
NTRP	NEXTTRIP INC	United States	$2.05M	780,423	0.16%	99.84%	Net Buying
XRX	XEROX HOLDINGS CORP	United States	$1.73B	124,198,432	51.59%	48.41%	Net Selling	Net Buying
UIS	UNISYS CORP	United States	$344.07M	69,228,515	82.46%	10.04%	Net Selling	Net Selling

Information Technology Service Stocks FAQ

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

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

1. Epam Systems (NYSE:EPAM)

Epam Systems (NYSE:EPAM) is the top information technology service stock with a Zen Score of 66, which is 32 points higher than the information technology service industry average of 34. It passed 21 out of 33 due diligence checks and has strong fundamentals. Epam Systems has seen its stock lose -19.37% over the past year, underperforming other information technology service stocks by -37 percentage points.

Epam Systems has an average 1 year price target of $281.88, an upside of 50.09% from Epam Systems's current stock price of $187.80.

Epam Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Epam Systems, 50% have issued a Strong Buy rating, 12.5% have issued a Buy, 37.5% 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 63, which is 29 points higher than the information technology service industry average of 34. It passed 20 out of 33 due diligence checks and has strong fundamentals. Grid Dynamics Holdings has seen its stock return 24.33% over the past year, overperforming other information technology service stocks by 7 percentage points.

Grid Dynamics Holdings has an average 1 year price target of $16.00, an upside of 56.56% from Grid Dynamics Holdings's current stock price of $10.22.

Grid Dynamics Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Grid Dynamics Holdings, 80% have issued a Strong Buy rating, 20% 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 60, which is 26 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 return 9.56% 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 $77.75, an upside of 13.07% from Cognizant Technology Solutions's current stock price of $68.76.

Cognizant Technology Solutions stock has a consensus Hold recommendation according to Wall Street analysts. Of the 12 analysts covering Cognizant Technology Solutions, 16.67% have issued a Strong Buy rating, 8.33% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 8.33% 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 10.64%, which is 8 percentage points higher than the information technology service industry average of 2.64%.

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 7.97%, which is 5 percentage points higher than the information technology service industry average of 2.64%. 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 5.75%, which is 3 percentage points higher than the information technology service industry average of 2.64%. 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 -0.46% in the last day, and up 0.92% over the last week. Dxc Technology Co was the among the top losers in the information technology services industry, dropping -16.9% yesterday.

DXC Technology shares are trading lower after the company issued weak guidance.

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. Concentrix (NASDAQ:CNXC)

Concentrix (NASDAQ:CNXC) is the most undervalued information technology service stock based on WallStreetZen's Valuation Score. Concentrix has a valuation score of 71, which is 42 points higher than the information technology service industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Concentrix's stock has dropped -27.15% in the past year. It has underperformed other stocks in the information technology service industry by -45 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 42 points higher than the information technology service industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Cognizant Technology Solutions's stock has gained 9.56% in the past year. It has underperformed other stocks in the information technology service industry by -8 percentage points.

3. Global Mofy Metaverse (NASDAQ:GMM)

Global Mofy Metaverse (NASDAQ:GMM) is the third most undervalued information technology service stock based on WallStreetZen's Valuation Score. Global Mofy Metaverse has a valuation score of 71, which is 42 points higher than the information technology service industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Are information technology service stocks a good buy now?

38.3% of information technology service stocks rated by analysts are a buy right now. On average, analysts expect information technology service stocks to rise by 14.6% 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 27.32x.

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.