The demand for IT services is continuously increasing and is driven by rapid technological changes. Companies that are operating in the Information Technology Services industry, offer services such as software support, data processing facilities management, and computer systems design. The demand for IT technologies is also increasing with the passage of time.
Various technologies such as machine learning, the Internet of things (IoT), Artificial Intelligence, cloud computing, robotics automation, and 5G technologies are playing very important roles in the growth of the IT sector. The IT industry is a major contributor to the digital economy. This industry is undergoing a boom like never before, and more and more brands are looking to expand in this area because of the immense amount of potential.
Here are the leading companies in the information technology services sector that are following new trends:
CynergisTek Inc. (AMEX: CTEK)
CynergisTek Inc. (AMEX: CTEK) shares were trading up 41.44% at $1.57 at the time of writing on Wednesday. CynergisTek Inc. (AMEX: CTEK) share price went from a low point around $0.96 to briefly over $4.04 in the past 52 weeks, though shares have since pulled back to $1.57. CTEK market cap has remained high, hitting $15.84M at the time of writing, giving it a price-to-sales ratio of more than 0.
CynergisTek Inc. (AMEX: CTEK) has earlier revealed the new annual report ‘Moving Forward: Setting the direction’. The report disclosed that only 44 percent of providers across the continuum, including hospital and health systems, conformed to protocols highlighted by the National Institute of Standards and Technology’s Cybersecurity Framework (NIST CSF). If we look at the recent analyst rating CTEK, The Benchmark Company downgraded coverage on CTEK shares with a Hold rating.
Infosys Limited (NYSE: INFY)
Infosys Limited (NYSE: INFY) last closed at $13.81, in a 52-week range of $6.76 to $13.85. Analysts have a consensus price target of $12.88. Infosys Limited has earlier disclosed that it has bought GuideVision. This acquisition is an important milestone for companies to build capabilities relevant to the digital priorities of their clients. EdgeVerve Systems, a wholly-owned subsidiary of Infosys, also has recently signed a partnership with Minit. This company market capitalization has remained high, hitting $57.23 billion at the time of writing.
Ameri Holdings Inc. (NASDAQ: AMRH)
Ameri Holdings Inc. (NASDAQ: AMRH) rose 22.12% after gaining more than $0.25 on Wednesday. Ameri Holdings Inc. (AMRH) disclosed that it has filed a second amendment to the Registration Statement on Form S-4 with the Securities and Exchange Commission, which includes a preliminary proxy statement/prospectus, in connection with the Company’s proposed tender agreement with Jay Pharma. This company market capitalization has remained high, hitting $7.74 million at the time of writing.
Cognizant Technology Solutions Corporation (NASDAQ: CTSH)
Cognizant Technology Solutions Corporation (NASDAQ: CTSH) last closed at $69.42, in a 52-week range of $40.01 to $71.81. Analysts have a consensus price target of $69.42. Cognizant Technology Solutions Corporation (CTSH) has been recognized as a Leader in analyst firm Everest Group’s Medical Devices Digital Services PEAK Matrix® Assessment 2020. This company market capitalization has remained high, hitting $36.99 billion at the time of writing.
DXC Technology Company (NYSE: DXC)
DXC Technology Company (NYSE: DXC) stock soar by 0.85% to $17.85. The most recent rating by JP Morgan, on May 29, 2020, is at a Neutral. DXC Technology Company (DXC) revealed earlier that it has executed the sale of its U.S. State and Local Health and Human Services business to Veritas Capital, a leading investor in government and healthcare technology businesses, to form Gainwell Technologies.
International Business Machines Corporation (NYSE: IBM)
International Business Machines Corporation (NYSE: IBM) rose 0.60% after gaining more than $0.73 on Wednesday. International Business Machines Corporation (IBM) has earlier revealed that it has released a new version of its Financial Transaction Manager (FTM) solution, updated and containerized to run on Red Hat OpenShift and designed to help banks and financial institutions take advantage of the flexibility of the hybrid cloud.
Clarivate Plc (NYSE: CCC)
Clarivate Plc (NYSE: CCC) last closed at $30.99, in a 52-week range of $15.00 to $30.39. Analysts have a consensus price target of $31.40. Clarivate Plc (CCC) has announced it has executed the earlier announced deal to acquire CPA global. After the acquisition of CPA Global, the company will offer a combined global customer base a more comprehensive suite of IP related products and services.
Xerox Holdings Corporation (NYSE: XRX)
Xerox Holdings Corporation (NYSE: XRX) stock soar by 1.68% to $18.77. The most recent rating by JP Morgan, on July 24, 2020, is at an Underweight. Xerox Holdings Corporation (XRX) disclosed its Chief Financial Officer William Osbourn will leave the company for personal reasons, effective September 30. Xavier Heiss, a 32-year company veteran, will work as interim CFO while the company conducts a search, both internally and externally, for a permanent successor.
Accenture plc (NYSE: ACN)
Accenture plc (NYSE: ACN) shares headed rising, higher as much as 0.85%. The most recent rating by UBS, on September 23, 2020, is at a Neutral. The 14th annual Accenture Holiday Shopping Survey (ACN) has revealed that the COVID-19 pandemic is making consumers focus on their own health and safety and the well-being of retail employees. In the past 52-weeks of trading, this company’s stock has fluctuated between the low of $137.15 and a high of 247.82.
Wipro Limited (NYSE: WIT)
Wipro Limited (NYSE: WIT) rose 1.29% after gaining more than $0.06 on Wednesday. Wipro Limited (WIT) has earlier organized the 15th edition of the ‘Spirit of Wipro’ (SOW) Run globally with thousands of participants across 35 countries, running separately, yet together in spirit, at a time of their choosing. This company has a total market capitalization of $23.43 billion at the time of writing.
Fidelity National Information Services Inc. (NYSE: FIS)
Fidelity National Information Services Inc. (NYSE: FIS) shares headed falling, lower as much as -1.07%. The most recent rating by Loop Capital, on September 22, 2020, is at a Hold. Fidelity National Information Services Inc. (FIS) has earlier partnered with The Clearing House to Bring Real-Time Payments to U.S. Financial Institutions. Looking at its profitability, it has a return on assets, equity, and investment of $0.00%, 0.10%, and 1.20%.
Conduent Incorporated (NASDAQ: CNDT)
Conduent Incorporated (NASDAQ: CNDT) last closed at $3.18, in a 52-week range of $1.54 to $7.97. Analysts have a consensus price target of $5.25. The Los Angeles Department of Transportation (LADOT) has been named the 2020 Innovative Organization of the Year by the National Parking Association for its work with Conduent Transportation, a unit of business process services and solutions company Conduent Incorporated. The award honors best practices, innovation, and leadership within the parking industry.
Switch Inc. (NYSE: SWCH)
Switch Inc. (NYSE: SWCH) stock drop by -2.50% to $15.61. The most recent rating by Barclays, on July 15, 2020, is at an Overweight. Switch Inc. (SWCH) the global technology infrastructure corporation, earlier announced the appointment of Angela Archon to its Board of Directors, effective November 4, 2020.
Sabre Corporation (NASDAQ: SABR)
Sabre Corporation (NASDAQ: SABR) stock soar by 0.15% to $6.51. The most recent rating by Bernstein, on May 11, 2020, is at an Outperform. Sabre Corporation (SABR) stock has fluctuated between the low of $3.30 and a high of $23.86. It has moved up 97.42% from its 52-weeks low and moved down -72.69% from its 52-weeks high. This company market capitalization has remained high, hitting $1.93 billion at the time of writing.
Fiserv Inc. (NASDAQ: FISV)
Fiserv Inc. (NASDAQ: FISV) Shares headed falling, lower as much as -0.52%. The most recent rating by Loop Capital, on September 22, 2020, is at a Hold. Fiserv Inc. (FISV) share price went from a low point around $73.50 to briefly over $125.05 in the past 52 weeks, though shares have since pulled back to $104.66. FISV market cap has remained high, hitting $66.41 billion at the time of writing. If we look at its liquidity, it has a current ratio of 1.00.
