5 High Growth IT Stocks to Buy

3. CSP Inc. (NASDAQ:CSPI)

Number of Hedge Fund Holders: 1

Quarterly Revenue Growth YoY as of December 30, 2022: 48.30%

CSP Inc. (NASDAQ:CSPI) is a Massachusetts-based company that develops IT integration solutions, security products, managed IT services, cloud services, purpose built network adapters, and cluster computer systems for commercial and defense customers worldwide. CSP Inc. (NASDAQ:CSPI)’s revenue of $18.34 million climbed 48.3% year-over-year, making it one of the best high growth IT stocks to consider. For the December quarter, the company posted a GAAP EPS of $0.21. 

On February 8, CSP Inc. (NASDAQ:CSPI) declared a $0.03 per share quarterly dividend, in line with previous. The dividend is payable on March 14, to shareholders of record on February 24. 

According to Insider Monkey’s third quarter database, Jim Simons’ Renaissance Technologies held 170,177 shares of CSP Inc. (NASDAQ:CSPI), worth $1.2 million. 

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