Livforsakringsbolaget Skandia, Omsesidigt 13F: Cuts CTSH Stake by $2.7M
Key Points
- Livforsakringsbolaget Skandia cut its stake in Cognizant Technology Solutions Corporation (NasdaqGS: CTSH) by 95.99% during the period, leaving it with 1,950 shares worth $112,008.
- Cognizant trades around $69.55, which is up 14.1% over its 50-day moving average and below its 52-week high of $87.03.
- Pzena Investment Management LLC grew its holdings in the tech services company by 6,267,069 shares to finish with 26,529,172 shares.
Since the filing, $CTSH is up 1.3% to date (from the $69.55 close on Oct 21, 2026).
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Livforsakringsbolaget Skandia cut its stake in Cognizant Technology Solutions Corporation (NasdaqGS: CTSH) by 46,640 shares during the period, according to a Form 13F filing with the SEC on October 21, 2026. The reduction brought the institution's holding down 95.99% from 48,590 shares to 1,950 shares. The remaining position was valued at $112,008 at the time of the filing.
CTSH
Cognizant Technology Solutions Corporation
Livforsakringsbolaget Skandia, Omsesidigt vs. the S&P 500
Hypothetical returns from Livforsakringsbolaget Skandia, Omsesidigt's disclosed trades, not real profit or advice. How we model this.
What Changed in Livforsakringsbolaget Skandia's Cognizant Technology Solutions Corporation Position
The fund made a major reduction in its professional services holdings, shedding nearly all of its shares during the quarter. Prior to the trade, the institution held 48,590 shares. After dropping 46,640 shares, the remaining stake stands at 1,950 shares worth about $112,008.
Other Institutional Activity in Cognizant Technology Solutions Corporation
Other large institutional investors adjusted their positions in the technology services provider around the same time. Pzena Investment Management LLC grew its holdings by 6,267,069 shares, ending with 26,529,172 shares worth about $1.87 billion. Dodge & Cox Inc. lifted its position by 269,755 shares to hold 14,542,493 shares valued at about $1.02 billion. FIL LTD grew its stake by 2,886,620 shares, finishing with 9,616,907 shares worth about $676.7 million.
Cognizant Technology Solutions Corporation Stock Holds Steady
Cognizant recently traded around $69.55 as of October 22, 2026, matching its close of $69.55 on the filing date. The stock trades above its 50-day moving average of $60.98 and sits below its 52-week high of $87.03. The company carries a market capitalization of roughly $31.7 billion and a price-to-earnings ratio of 15.13.
Recent Earnings
For its trailing twelve months, the company brought in $21.64 billion in revenue with an earnings per share of $4.65. The professional services firm is scheduled to report its next set of financial results on 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, giving it a dividend yield of 1.9% based on recent trading levels. The payout ratio sits at 27.5%.
Insider Buying and Selling at Cognizant Technology Solutions Corporation
Company insiders trimmed their holdings over the prior months. Chief Financial Officer Jatin Pravinchandra Dalal sold 12,000 shares on August 3, 2026, at an average price of $55.76 for a total value of $669,168. Officer Alina Kerdman sold 144 shares on August 31, 2026, at $63.34 per share. Officer John Sunshin Kim sold 2,500 shares on September 2, 2026, at $63.37 per share, and Alina Kerdman sold another 134 shares on September 14, 2026, at $62.40 per share.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. Deutsche Bank maintained a Buy rating and lifted its price target to $70.00 from $65.00 on September 18, 2026. TD Cowen reiterated a Hold rating with a $54.00 target on the same day, then raised its target to $60.00 on October 13, 2026. Wedbush reiterated an Outperform rating with a $70.00 price target on October 2, 2026, and again on October 9, 2026. Analysts currently maintain a consensus Buy rating on the stock with a mean price target of $66.66 across 25 analyst opinions.
About Cognizant Technology Solutions Corporation
Cognizant Technology Solutions Corporation operates as a professional services company providing consulting, technology, and outsourcing services across North America, Europe, and international markets. It organizes its operations across four main segments: Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. Headquartered in Teaneck, New Jersey, the company employs over 350,000 people globally.
Bottom Line
Investors are keeping an eye on Cognizant as it approaches its upcoming earnings release on October 29, 2026. Institutional portfolio shifts and analyst target adjustments continue to shape trading activity around the stock.
Related Filing Alerts
Source: Livforsakringsbolaget Skandia, Omsesidigt'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