Auto-Owners Insurance 13F: Exits CTSH Stake
Auto-Owners Insurance closed out its investment in Cognizant Technology Solutions Corporation by selling its entire holding.
Reviewed by automated data checks against the source filing. How we make and check alerts
Auto-Owners Insurance sold its entire stake of 10,232 shares in Cognizant Technology Solutions Corporation ($CTSH), according to a 13F filing with the SEC dated October 15, 2026.
Since the filing, $CTSH is up 0.4% to date (from the $65.77 close on Oct 15, 2026).
Find the original: Auto-Owners Insurance 13F filings on SEC EDGAR
Key Points
- Auto-Owners Insurance sold its entire position of 10,232 shares in Cognizant Technology Solutions Corporation.
- Cognizant recently traded around $64.95, sitting above its 50-day and 200-day moving averages.
- Major institutional investors like Blackrock and Vanguard continue to hold substantial positions in the tech services firm.
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Auto-Owners Insurance completely exited its investment in Cognizant Technology Solutions Corporation (NasdaqGS: CTSH), selling out of its entire holding according to a Form 13F filing with the SEC filed on October 15, 2026. Because 13F filings look backward at portfolio positions from the end of the reporting period, these disclosures show what managers held previously and may not reflect current trades.
What Changed in Auto-Owners Insurance's Cognizant Technology Solutions Position
Auto-Owners Insurance closed its position entirely during the period, selling all 10,232 shares it previously held. The complete exit wiped out a stake that stood at 10,232 shares prior to the filing. Institutional 13F reports offer a quarterly snapshot of stock ownership, though they do not disclose the exact dates when sales occurred.
Other Institutional Activity in Cognizant Technology Solutions
Other large money managers adjusted their stakes in Cognizant during the reporting cycle. Blackrock Inc. grew its holdings by 1,844,492 shares, ending with 46,183,240 shares worth about $3,049,479,280. Vanguard Capital Management LLC trimmed its position by 127,421 shares, leaving it with 30,950,850 shares valued at roughly $2,043,684,587. Pzena Investment Management LLC grew its holdings by 6,267,069 shares, ending with 26,529,172 shares worth about $1,751,721,194. Vanguard Portfolio Management LLC reduced its stake by 10,464 shares, holding 26,148,721 shares valued at around $1,726,600,015. State Street Corporation grew its holdings by 1,138,238 shares, finishing with 25,304,648 shares worth about $1,670,865,876.
Cognizant Technology Solutions Corporation Stock Down 1.2%
Cognizant shares recently traded around $64.95. The stock is sitting about 7.9% above its 50-day moving average of $60.20 and roughly 8.5% above its 200-day moving average of $59.86. Shares remain down about 25.4% from their 52-week high of $87.03 while trading well above their 52-week low of $37.08.
Recent Earnings
Cognizant reported trailing twelve-month revenue of $21.64 billion alongside trailing earnings of $4.65 per share. The company generated a net profit margin of 10.3% and a return on equity of 14.9%, with revenue growing at a 4.5% clip year-over-year. The company's next 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
Cognizant pays an annual dividend of $1.32 per share, which translates to a dividend yield of 2.01%. The company's dividend payout ratio stands at 27.5%.
Insider Buying and Selling at Cognizant Technology Solutions Corporation
Company insiders executed several sales prior to the filing. On August 3, 2026, officer John Sunshin Kim sold 2,500 shares at an average price of $57.05 for a total value of $142,625. Later, on August 31, 2026, officer Alina Kerdman sold 144 shares at $63.34 per share, totaling $9,121. John Sunshin Kim sold another 2,500 shares on September 2, 2026, at $63.37 for a total of $158,431. On September 14, 2026, Alina Kerdman sold 134 shares at $62.40, totaling $8,362. None of these transactions were reported as part of a Rule 10b5-1 trading plan.
Analysts Set New Price Targets
Wall Street analysts have updated their outlooks on Cognizant shares in recent weeks. On September 18, 2026, Deutsche Bank maintained its Buy rating and raised its price target from $65.00 to $70.00. On the same day, TD Cowen reiterated a Hold rating with a flat $54.00 target. Wedbush reiterated an Outperform rating with a $70.00 target on October 2, 2026, and again on October 9, 2026. TD Cowen later raised its price target from $54.00 to $60.00 while maintaining a Hold rating on October 13, 2026. Across the broader analyst community, Cognizant carries a consensus buy rating with a mean price target of $66.14.
About Cognizant Technology Solutions
Headquartered in Teaneck, New Jersey, Cognizant provides information technology services, consulting, and outsourcing to corporate clients across financial services, health sciences, products, and communications sectors. Institutional shifts in ownership give a look at how major professional investors allocate capital across the technology services sector.
Bottom Line
Auto-Owners Insurance no longer holds any shares of Cognizant following its complete exit. Investors will look toward the company's upcoming earnings release on October 29, 2026, for fresh details on financial performance and operational growth. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.
Source: Auto-Owners Insurance's 13F filing on $CTSH (Oct 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Auto-Owners Insurance 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts