Abn Amro Investment Solutions 13F: Cuts CTSH Stake by $15M
Key Points
- Abn Amro Investment Solutions reduced its holdings in Cognizant Technology Solutions Corporation CTSH by 266,903 shares, ending with 330,141 shares worth about $19.0 million.
- Shares traded near $69.55 recently, holding above key moving averages as the company heads toward its October 29 earnings report.
- Wall Street maintains a consensus buy rating on the stock with a mean price target of $66.64.
Since the filing, $CTSH is up 1.3% to date (from the $69.55 close on Oct 21, 2026).
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Abn Amro Investment Solutions reduced its holdings in Cognizant Technology Solutions Corporation CTSH by 266,903 shares during the period, according to a Form 13F filing on October 21, 2026. The institutional investor disclosed the trade in its latest SEC report, lowering its stake by 44.7% to finish the period with 330,141 shares valued at roughly $18.96 million. Prior to the adjustment, the fund held 597,044 shares.
CTSH
Cognizant Technology Solutions Corporation
Abn Amro Investment Solutions vs. the S&P 500
Hypothetical returns from Abn Amro Investment Solutions's disclosed trades, not real profit or advice. How we model this.
What Changed in Abn Amro Investment Solutions's Cognizant Technology Solutions Position
The fund trimmed its exposure to the information technology services provider by selling 266,903 shares. The remaining position of 330,141 shares carried a reported market value of $18,963,299 at the time of the filing.
Other Institutional Activity in Cognizant Technology Solutions
Other major institutional investors adjusted their positions around the same time. Brandes Investment Partners grew its holdings by 720,410 shares, ending with 3,042,840 shares worth about $121.8 million. Pzena Investment Management LLC added 6,267,069 shares, bringing its total to 26,529,172 shares valued at roughly $1.87 billion. Dodge & Cox Inc. lifted its stake by 269,755 shares to hold 14,542,493 shares worth about $1.02 billion. Livforsakringsbolaget Skandia cut its holdings by 46,640 shares, ending with 1,950 shares worth about $112,008. Auto-Owners Insurance closed out its investment by selling its entire holding of 10,232 shares.
Cognizant Technology Solutions Corporation Stock Holds Steady
Cognizant shares recently traded around $69.55, matching the closing price on the filing date. The stock trades above its 50-day moving average of $60.98 and its 200-day moving average of $59.57. Shares sit about 20.1% below their 52-week high of $87.03 and well above their 52-week low of $37.08.
Recent Earnings
Cognizant reported trailing twelve-month revenue of $21.64 billion and earnings of $4.65 per share. The company generated a net profit margin of 10.3% and a return on equity of 14.9%. The next quarterly earnings report is scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
9 target cuts vs 0 raises.
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EPS & revenue
EPS beat estimates by 3.0%. Revenue missed estimates by 2.0%.
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Profit surprise
EBITDA met by 1 percent. Operating income met by 1 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
9 target cuts.
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Earnings quality
Gross margin down 4.0 points. Operating margin down 1.6 points. Positive free cash flow.
Earnings Call Summary
Cognizant delivered solid first quarter results with revenue of $5.4 billion growing 3.9 percent year over year, led by strong Financial Services growth above 10 percent and large deal wins in North America. The company signed 7 deals above $100 million including one mega deal worth over $500 million, with bookings growth reaching 21 percent, the strongest in recent history. Management emphasized the shift toward becoming an AI builder through three vectors: AI-led productivity using 40 percent AI-assisted code, industrializing AI across platforms, and identifying enterprise opportunities through agentic solutions.
Guidance Cognizant reaffirmed full year revenue guidance of 4 to 6.5 percent growth and raised adjusted operating margin guidance to 16 to 16.2 percent. The company expects second quarter revenue growth of 3.2 to 4.7 percent. Management plans to invest most of the $200 million to $300 million in Project LEAP savings back into AI capabilities and growth while still expanding margins.
Very weak report. The release materially worsened the forward outlook.
Dividend
The company pays an annual dividend of $1.32 per share, which translates to a dividend yield of 1.9% with a payout ratio of 27.5%.
Insider Buying and Selling at Cognizant Technology Solutions Corporation
Company insiders executed several sales earlier in the period. Chief Financial Officer Jatin Pravinchandra Dalal sold 12,000 shares on August 3, 2026. Other insiders completed smaller sales through August and September.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. Deutsche Bank maintained a Buy rating, while TD Cowen and Wedbush issued Hold and Outperform ratings.
About Cognizant Technology Solutions
Headquartered in Teaneck, New Jersey, Cognizant Technology Solutions Corporation provides consulting, technology, and outsourcing services across North America, Europe, and international markets. The firm operates through financial services, health sciences, products and resources, and communications segments.
Bottom Line
Investors will watch the upcoming earnings report on October 29, 2026, for fresh signals on revenue growth and profit margins.
Related Filing Alerts
Source: Abn Amro Investment Solutions's 13F filing on $CTSH (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts