Markets

Insider Trading

Hedge Funds

Retirement

Opinion

13 Best Software Stocks to Buy Now

Page 1 of 12

In this article, we will look at the 13 Best Software Stocks to Buy Now.

Software stocks have faced their fair share of challenges, including investor frustration mounting over the slow contribution from artificial intelligence. Wells Fargo noted weak IT spending growth in the first half of the year, just up 2% year over year. Nevertheless, the sector has held steady, gaining 11.45% for the year, outperforming the S&P 500, which was up by about 1.6% over the same period.

According to Precedence Research, the outperformance comes as the global software as a service market grows at a compound annual growth rate of 13.32% and is expected to be worth $1.3 trillion by 2034. Wells Fargo expects growth in the software sector amid continued resilience in cloud infrastructure, cybersecurity, and generative AI initiatives. Morgan Stanley expects AI to be a key driver of software sector growth, predicting GenAI revenue could surpass $1 trillion by 2028. The firm highlights AI’s role in tech IPO market revival and automation advancements, emphasizing its transformative impact across industries.

Likewise, analysts at Wells Fargo expect the rebound in the software sector to gather momentum in the second half of the year as macroeconomic concerns and enterprise technology budgets normalize. Even as volatility persists, experts remain optimistic about long-term software sector expansion.

With that in mind  let’s take a look at the 13 best software stocks to buy now.

A marketing manager looking at the data dashboard of a marketing automation software showing successful campaign results.

Our Methodology

To make the list of the 13 best software stocks to buy now, we scanned the US equity markets and settled on the top and most popular software stocks among hedge funds. We analyzed the stocks to determine why they stand out as top picks in the sector and detailed their one-year return. Finally, we ranked the stocks in ascending order based on their popularity among elite hedge funds.

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).

Best Software Stocks to Buy Now

13. Agilysys, Inc. (NASDAQ:AGYS)

1-Year Return as of June 16: 16.63%

Number of Hedge Fund Holders as of Q1 2025: 21

Agilysys, Inc. (NASDAQ: AGYS) is one of the 13 best software stocks to buy now. On June 16, the leading hospitality software and services provider launched Agilysys Book with S.P.E.N.D. It is a technology breakthrough tailored to increase ancillary revenues and hotel guest personalization.

Agilysys Book with S.P.E.N.D is designed to empower hospitality locations to monetize experiences by offering compelling package bookings. While using the solution, guests can reserve all entitlements in a package, from spa and golf to dining and activities and tours. The solution also allows guests to accept real-time upsell offers during bookings.

It also comes with a guest satisfaction feature that allows curated selection views and prompts that ensure guests reserve all due entitlements. It also provides scalability across all property types, from luxury resorts to urban hotels.

Agilysys, Inc. (NASDAQ: AGYS) is a software application company that delivers state-of-the-art hospitality software solutions and services that help organizations go beyond what they can accomplish with traditional property management systems (PMS), point-of-sale (POS) solutions, and food and beverage inventory and procurement systems.

12. BlackLine, Inc. (NASDAQ:BL)

1-Year Return as of June 16: 21.47%

Number of Hedge Fund Holders as of Q1 2025: 27

BlackLine, Inc. (NASDAQ:BL) is one of the 13 best software stocks to buy now. On June 16, the company confirmed the appointment of Sam Balaji to its board of directors. Balaji joins the board with over three decades of global leadership experience, having served as Deloitte Consulting CEO for 28 years.

Balaji will bring exceptional experience to BlackLine, having overseen over 100 mergers, acquisitions, and investments. The company’s CO-CEO, Therese Tucker, has already touted his strategic thinking abilities and ability to unlock growth. His appointment comes as the company expands its platform capabilities for chief financial officers, focusing on intelligence across financial processes.

In addition, BlackLine delivered solid first-quarter results as non-GAAP earnings per share totaled $0.49, beating consensus estimates of $0.38. Revenue in the quarter was up 6% year over year to $166.9 million, beating consensus estimates of $166.7 million.

BlackLine, Inc. (NASDAQ:BL) provides cloud-based software that automates and streamlines businesses’ financial close and accounting processes. It focuses on financial close and consolidation solutions, accounts receivable, and inter-company accounting.

Page 1 of 12

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

I’ve compiled everything you need to know about this groundbreaking company in a detailed, members-only report.

Trust me — you’ll want to read this report before putting another dollar into any tech stock.

For a ridiculously low price of just $9.99 a month, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

If you’re thinking about getting in, don’t wait – because once Wall Street catches wind of this story, the easy money will be gone.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99 a month.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!