According to Grand View Research, the global IT services market size was estimated at $1.50 trillion in 2024 and is projected to reach $2.59 trillion by 2030 at a compound annual growth rate of 9.4% from 2025 to 2030. The global IT market’s growth is being significantly driven by the increasing adoption of AI. A major trend is the focus on AI in business processes, with companies introducing innovative next-gen language models to drive revenue.
A report by Research and Markets noted that AI is a part of the fourth industrial revolution. The IT market is being propelled by the escalating adoption of IoT devices, which rely on IT for infrastructure, connectivity, and analytics. The report also highlights the growing importance of open-source alternatives, with companies like the Y Combinator-incubated startup Supabase securing $6 million in funding to develop new open-source tools. Additionally, the growth of the IT market is fueled by the increased demand for cloud computing services, a sector where AI manages and operates data storage.
Earlier on August 19, Dan Ives, Wedbush Securities’ global head of technology research, joined CNBC’s ‘Closing Bell’ to suggest that the next 2 to 3 years will be a tech bull market. Wedbush analyst Dan Ives discussed the AI market in particular, in response to a warning from OpenAI CEO Sam Altman that investors are overexcited about the AI trade. Ives disagreed with Altman’s assessment and stated that he believes the AI market is only in the second inning of a nine-inning game. He feels that the impact of the AI revolution over the medium and long term is actually being underestimated, particularly as it begins to play out with enterprise use cases and ultimately in the consumer and autonomous sectors.
That being said, we’re here with a list of the 11 best IT stocks to invest in according to hedge funds.
Methodology
We used the Finviz stock screener to compile a list of the top IT stocks. We then selected the 11 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q2 2025. The hedge fund data was sourced from Insider Monkey’s database, which tracks the moves of over 1000 elite money managers.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
11 Best IT Stocks to Invest In According to Hedge Funds
11. Genpact Limited (NYSE:G)
Number of Hedge Fund Holders: 35
Genpact Limited (NYSE:G) is one of the best IT stocks to invest in according to hedge funds. On September 8, Genpact announced a global rebrand. The rebrand reflects the company’s strategic pivot toward becoming an advanced technology company. To mark the occasion, members of Genpact’s leadership team celebrated by ringing the opening bell at the New York Stock Exchange.
The rebranding follows the company’s 2025 Investor Day in late June, where it unveiled “GenpactNext,” which is a new growth model and strategic framework. The framework is centered on the creation of “agentic AI solutions,” which are designed to autonomously manage complex business processes, leading to faster and more responsive operations for clients.
A key part of the rebrand is the new tagline, “on it.” According to Caitlin Blewett, Genpact’s Chief Marketing Officer, the tagline embodies the company’s culture and what it provides to clients. She stated that “on it” represents the company’s ability to not just react to change, but to actively drive it, creating value for both clients and employees by moving faster than the world around it.
Genpact Limited (NYSE:G) provides business process outsourcing and IT services in India, the rest of Asia, North and Latin America, and Europe. It has 3 segments: Financial Services, Consumer & Healthcare, and High Tech & Manufacturing.
10. Broadridge Financial Solutions Inc. (NYSE:BR)
Number of Hedge Fund Holders: 38
Broadridge Financial Solutions Inc. (NYSE:BR) is one of the best IT stocks to invest in according to hedge funds. On September 9, Broadridge Financial Solutions announced the acquisition of iJoin. iJoin is a retirement plan technology provider that specializes in solutions for participants onboarding, engagement, and analytics.
The acquisition is intended to combine Broadridge’s existing retirement plan servicing, custody, analytics, and participant communications solutions with iJoin’s technology. The new, combined capabilities will assist various providers in the retirement ecosystem, such as record keepers, financial advisors, asset managers, and insurers, in offering enhanced and more personalized tools for retirement plan participants.
Steve McCoy, CEO of iJoin, stated that the company’s mission has always been to help connect participants to personalized, goal-based solutions. He believes that partnering with Broadridge will allow them to “take that mission to the next level” due to Broadridge’s scale and established relationships. The transaction is not expected to have a material impact on Broadridge’s financial results.
Broadridge Financial Solutions Inc. (NYSE:BR) provides investor communications and technology-driven solutions for the financial services industry in the US and internationally.
9. Parsons Corporation (NYSE:PSN)
Number of Hedge Fund Holders: 40
Parsons Corporation (NYSE:PSN) is one of the best IT stocks to invest in according to hedge funds. On September 4, Parsons Corporation announced that it has secured an $81 million C5ISR radar contract from the US Army Combat Capabilities Development Command/DEVCOM. This is a re-compete Task Order awarded under the Responsive Strategic Sourcing for Services/RS3 contract vehicle.
The contract has a 12-month base period of performance, along with four 12-month option periods. Under the contract, Parsons will provide critical radar engineering solutions to help the Army DEVCOM’s Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance, and Reconnaissance/C5ISR division meet its mission needs.
This includes enhancing Army aerial and ground radar capabilities through the development of advanced radio frequency technologies, the integration of artificial intelligence, and the provision of systems engineering services.
Parsons Corporation (NYSE:PSN) provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets internationally. It operates through Federal Solutions and Critical Infrastructure segments.
8. ExlService Holdings Inc. (NASDAQ:EXLS)
Number of Hedge Fund Holders: 41
ExlService Holdings Inc. (NASDAQ:EXLS) is one of the best IT stocks to invest in according to hedge funds. On September 9, ExlService Holdings published its 6th annual Sustainability Report. The report detailed significant environmental achievements, including a ~60% reduction in Scope 1 and Scope 2 greenhouse gas emissions since 2019, and a 14% decrease in Scope 3 greenhouse gas emissions over the same period.
Furthermore, the company now sources ~half of its worldwide energy, specifically 44%, from renewable sources. Since 2022, EXL has also contributed to planting 86,000+ trees in partnership with the Give Me Trees Trust. The report also emphasized employee engagement in sustainability efforts.
More than 31,000 employees participated in the company’s corporate social responsibility/CSR initiatives, which include volunteering and giving. Employee volunteer hours increased to over 64,000 in 2024 and benefited more than 74,000 people worldwide. The report highlights several key topics from 2024, such as responsible AI governance and the link between environmental sustainability and return on investment.
ExlService Holdings Inc. (NASDAQ:EXLS) is a data analytics and digital operations & solutions company. It operates through Insurance; Healthcare & Life Sciences; Banking, Capital Markets, & Diversified Industries; and International Growth Markets.
7. Cognizant Technology Solutions Corporation (NASDAQ:CTSH)
Number of Hedge Fund Holders: 47
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is one of the best IT stocks to invest in according to hedge funds. On September 4, Cognizant announced its participation in the AI Education Taskforce meeting at the White House. The company joined senior executives from other leading AI firms and officials from the Trump Administration to support a national initiative to expand AI education in the US.
Cognizant was one of more than 100 organizations that pledged to empower American youth with skills for an AI-driven future. In its “AI Pledge to America’s Youth,” Cognizant committed to providing philanthropic funding, educational resources, and the time of its employees to promote AI literacy for “thousands of teachers and tens of thousands of students by 2028.” This investment aims to cultivate an “AI-ready workforce.”
Cognizant is also addressing the workforce disruptions caused by AI through its global upskilling initiative, Synapse. The program’s goal is to advance technology job training for one million people worldwide by the end of 2026.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is a professional services company that provides consulting, technology, and outsourcing services internationally.
6. CACI International Inc. (NYSE:CACI)
Number of Hedge Fund Holders: 48
CACI International Inc. (NYSE:CACI) is one of the best IT stocks to invest in according to hedge funds. On August 25, CACI International announced it was awarded 2 contracts with the Canadian Armed Forces/CAF. These contracts are part of the second phase of the Counter Uncrewed Aircraft System/C-UAS Urgent Operational Requirement/UOR.
The contracts, with a total value of ~$124 million, will provide a light-armored tactical C-UAS vehicle platform and up to 10 years of support. The new technology aims to protect Canadian Armed Forces personnel from the increasing threat of hostile small UAS.
CACI’s software-defined C-UAS systems will be modular, tailorable, and scalable, and they will be fully compatible with a dismounted omnidirectional 360-degree system. This capability allows them to detect, define, deny, degrade, and defeat drone threats from every angle. CACI was previously awarded the first phase of this contract in 2024.
CACI International Inc. (NYSE:CACI) provides expertise and technology solutions internationally. The company offers its products and services to national security in the intelligence, defense, and federal civilian sectors.
5. Leidos Holdings Inc. (NYSE:LDOS)
Number of Hedge Fund Holders: 48
Leidos Holdings Inc. (NYSE:LDOS) is one of the best IT stocks to invest in according to hedge funds. On September 8, Leidos Australia announced that it began local production of the Sea Archer, which is a new-generation small uncrewed surface vessel/USV. The initiative is a major step toward bringing Leidos’ autonomous maritime technology to the Indo-Pacific region and supports the goals of the AUKUS security partnership and the Australian Defence Force.
The Sea Archer USV is designed for high-speed, long-range missions, with sprint speeds of up to 40 knots and a range of 1,500 nautical miles. It has a flexible payload bay capacity of more than 900 kg, allowing it to support a variety of missions, including strike, logistics resupply, intelligence, surveillance, and reconnaissance/ISR, and electromagnetic deception operations. The vessel is powered by Leidos’ LAVA advanced autonomy platform.
The Australian production will utilize local supply chains, from the build to payload integration and maintenance, in an effort to create a robust sovereign ecosystem and enable rapid production. The NSW Central Coast-based company Oceans Rivers Lakes has been contracted to build the first aluminum vessel, with construction already underway. The Sea Archer is undergoing sea trials in the U.S. and is expected to be mission-ready by 2026.
Leidos Holdings Inc. (NYSE:LDOS) provides services and solutions for government and commercial customers in the US and internationally.
4. Fidelity National Information Services Inc. (NYSE:FIS)
Number of Hedge Fund Holders: 49
Fidelity National Information Services Inc. (NYSE:FIS) is one of the best IT stocks to invest in according to hedge funds. On September 4, Fidelity National Information Services launched FIS Neural Treasury, which is an AI-powered suite of solutions for corporate treasury operations. The suite incorporates AI, ML, and robotics to help businesses increase efficiency, reduce operational risk, and unlock cash flow.
FIS Neural Treasury is designed to address the challenges faced by corporate treasurers, such as the need for improved visibility into global liquidity and more intelligent risk management capabilities. The suite uses the industry’s first large language model specifically for treasury, called FIS Treasury GPT, to enhance data analysis, simplify user configuration, and provide access to industry best practices.
It also analyzes historical data and cash flow patterns for more precise liquidity management, and continuously monitors transaction patterns to identify potential fraud. The solution has already received recognition, winning awards at both the 2025 Treasury Management International Awards for Innovation & Excellence and the 2025 Global Finance Treasury and Cash Management Awards.
Fidelity National Information Services Inc. (NYSE:FIS) provides financial services technology solutions for financial institutions, businesses, and developers worldwide.
3. International Business Machines Corporation (NYSE:IBM)
Number of Hedge Fund Holders: 63
International Business Machines Corporation (NYSE:IBM) is one of the best IT stocks to invest in according to hedge funds. On September 3, IBM launched its new brand campaign under the tagline: Let’s create smarter business. It highlights IBM’s approach to using AI, hybrid cloud, and quantum to make businesses more productive and agile.
The multi-platform campaign is developed by the IBM Brand Marketing team and Ogilvy. It addresses the challenges business leaders face when trying to implement real-world AI solutions beyond experimental pilots. It features a series of 3 new broadcast advertisements filmed by Adam Heshemi, with a voiceover provided by Lewis Hamilton.
As part of this partnership, IBM recently redesigned the Scuderia Ferrari mobile app using AI and data technologies to enhance the digital fan experience.
International Business Machines Corporation (NYSE:IBM) provides integrated solutions and services. It operates through Software, Consulting, Infrastructure, and Financing segments.
2. Accenture (NYSE:ACN)
Number of Hedge Fund Holders: 65
Accenture (NYSE:ACN) is one of the best IT stocks to invest in according to hedge funds. On September 9, Accenture announced the acquisition of IAMConcepts, which is a privately held Canadian company specializing in identity and access management/IAM services.
This is expected to strengthen Accenture’s ability to provide advanced IAM solutions in Canada, particularly for critical infrastructure industries such as financial services, power utilities, mining, and transportation. IAMConcepts provides end-to-end IAM services, including Identity Governance and Administration, Privileged Access Management, and Customer Identity and Access Management.
The company has completed hundreds of IAM projects for some of Canada’s largest banks, as well as for leading insurance companies and critical infrastructure organizations. According to Accenture’s 2025 Research for State of Cybersecurity Resilience report, 67% of organizations still rely on outdated IAM systems, which limit their ability to support modern security requirements. This acquisition aims to address that gap.
Accenture (NYSE:ACN) provides strategy and consulting, industry X, song, and technology and operations services in North America, Europe, the Middle East, Africa, and internationally.
1. Fiserv Inc. (NYSE:FI)
Number of Hedge Fund Holders: 94
Fiserv Inc. (NYSE:FI) is one of the best IT stocks to invest in according to hedge funds. On September 8, Fiserv announced the acquisition of CardFree, which is a platform that provides customized order, payment, and loyalty solutions for merchants. The financial terms of the deal were not disclosed.
The acquisition is expected to enhance the functionality of Clover, Fiserv’s point-of-sale system, particularly for small businesses as they grow into larger enterprises with more complex technical needs. CardFree’s patented technology, created by the team behind the original mobile apps for Starbucks and Dunkin’, is compatible with most point-of-sale systems and payment processors.
Its integration into the Clover and Commerce Hub ecosystems will add new features, including drive-through software, kiosk and sub-inventory management, and enhanced third-party integrations for loyalty programs and delivery services.
Fiserv Inc. (NYSE:FI) provides payments and financial services technology solutions. It operates through the Merchant Solutions and Financial Solutions segments.
While we acknowledge the potential of FI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FI and that has 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.
