In this article, we will take a look at the 12 Best Information Technology Services Stocks to Buy Now.

So far, the S&P 500 index has not had much of an impact from the U.S./Israel attack on Iran. Over the past five days, the index has plunged just over 1.40% as of March 3. With the war dragging on and the Strait of Hormuz closed, there are growing concerns about economic risks.

However, experts currently view the situation as having little impact and expect a short war. In an interview with CNBC on March 3, Joe Amato, President and Chief Investment Officer at Neuberger Berman, said that rising geopolitical tensions increase risk premia and can contribute to market volatility. He further pointed out that the U.S. economy entered 2026 on a solid footing with improving nominal growth and strong earnings. Amato remains positive on equities and expects the current pressure to be temporary rather than suggesting a broader downturn.

Similarly, Jeffrey O’Connor, U.S. head of equity market structure at Liquidnet, shares similar views on the impact of the current geopolitical landscape on equities. O’Connor stated:

I do think the possibility of a more prolonged mission can weigh on markets for the next several weeks. Historically, the U.S. market has been able to withstand a geopolitical shock like this, but that said, the Strait of Hormuz is now closed.

O’Connor sees the possibility of high oil prices leading to investors having to navigate future moves in inflation, yields, and expectations for interest rate cuts.

While geopolitical issues keep the market on its toes, we focus here on the IT services sector, which is heavily focused on AI. Within the technology space, the software sector is expected to remain a major beneficiary of AI-related developments. Here is what the research from Deloitte says:

In 2026, what it means to be a software company in the agentic artificial intelligence era could start to become clearer. Creating software is faster and cheaper than ever, and major players are expected to continue to move from simply adding AI features and functions to their products to AI-first engineering and product design. Competition will heat up as AI-native challengers begin to chip away at market leaders across business processes and create new market segments that were previously unaddressed by software.

The AI agents have the potential to drive substantial new growth for leading players. According to Gartner, around 40% of enterprise applications will be integrated with task-specific AI agents by the end of 2026, up from less than 5% today. While Gartner expects IT spending on software to increase 15% in 2026 (up from 11.5% in 2025), spending on IT Services is also expected to rise 8.7%, up from 6.4% in 2025, according to Gartner’s February 2026 forecasts. Mordor Intelligence estimates the IT Services market at around $490.86 billion in 2025. The firm projects it to reach $525.32 billion in 2026, and $737.42 billion in 2031.

With that, let’s take a look at the 12 Best Information Technology Services Stocks to Buy Now.

Our Methodology

To create the list of 12 best information technology services stocks to buy now, we looked at the largest IT services companies widely held by hedge funds. We selected the top 12 IT services companies with positive analyst views and strong upside. Finally, we ranked these 12 stocks based on the number of hedge fund holders in each stock using the hedge fund data sourced from Insider Monkey’s database, as of Q4 2025.

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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).

Note: All the data is as of market close on March 3, 2026.

12. Broadridge Financial Solutions, Inc. (NYSE:BR)

Number of Hedge Fund Holders: 36

Broadridge Financial Solutions, Inc. (NYSE:BR) is one of the best information technology services stocks to buy now.

On February 12, Broadridge Financial Solutions, Inc. (NYSE:BR) reported that its Distributed Ledger Repo (DLR) platform processed an average daily volume of $365 billion in January 2026, indicating continued institutional adoption of tokenized real-asset settlement.

Broadridge’s DLR platform ended January 2026 with a total volume of $7.3 trillion, representing a remarkable 508% year-over-year growth rate. The company noted that it is expanding beyond core repo workflows into sponsored and intraday repo use cases. Through this transition, Broadridge can focus on achieving more efficient movement of high-quality collateral, greater precision in liquidity management, and lower financing costs across securities lending markets.

Broadridge also pointed out that in 2026, it plans to enter the next phase and scale into intraday funding and a wider range of tokenized asset classes. The company is unlocking new opportunities in this space while maintaining interoperability and resilience as tokenization gains momentum across global capital markets.

Broadridge Financial Solutions, Inc. (NYSE:BR) offers investor communications and technology-driven solutions for the financial services industry worldwide.

11. Jack Henry & Associates, Inc. (NASDAQ:JKHY)

Number of Hedge Fund Holders: 37

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is one of the best information technology services stocks to buy now.

On February 5, TheFly reported that Morgan Stanley analyst James Faucette lifted the price target on Jack Henry & Associates, Inc. (NASDAQ:JKHY) from $168 to $183, keeping an Equal Weight rating on the stock.

The firm cited growing demand trends and favorable competitive commentary, which would lead to higher core revenue, as Faucette raised his year-over-year forecast to 6.5% in FY2027 and 7% in FY2028. Even though the rating remains Equal Weight, Faucette expects room for incremental upside as fundamentals remain stable and growth visibility improves.

Out of 17 analysts covering JKHY, 11 rate the stock as a Buy, while 5 have a Hold rating.

In another analyst update on February 17, Wells Fargo raised Jack Henry & Associates from Equal Weight to Overweight, increasing the price target from $181 to $196. TheFly mentioned that the firm sees growing confidence in JKHY’s 2027 revenue growth. Wells Fargo has added the firm to its ‘Fab 5’ list of top fintech stock picks.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a financial technology firm that connects people and financial institutions through technology solutions and payment processing services.