HP Inc. $HPQ Stock Holdings Raised by Sei Investments Co.

Sei Investments Co. grew its stake in HP Inc. (NYSE:HPQ) by 57.5% during the first quarter, HoldingsChannel.com reports. The firm owned 1,484,835 shares of the computer maker’s stock after purchasing an additional 541,792 shares during the period. Sei Investments Co.’s holdings in HP were worth $28,524,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Baird Financial Group Inc. grew its stake in HP by 13.1% in the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after purchasing an additional 13,265 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock valued at $519,000 after buying an additional 551 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in HP by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after buying an additional 8,779 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of HP by 70.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after acquiring an additional 302,578 shares in the last quarter. Finally, HUB Investment Partners LLC bought a new stake in shares of HP in the 2nd quarter valued at approximately $233,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

NYSE:HPQ opened at $26.54 on Tuesday. The firm has a market capitalization of $24.28 billion, a P/E ratio of 9.79, a P/E/G ratio of 4.34 and a beta of 1.19. The business has a 50 day simple moving average of $24.25 and a 200 day simple moving average of $21.23. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $13.99 billion. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Research analysts anticipate that HP Inc. will post 2.98 EPS for the current fiscal year.

HP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is presently 44.28%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup upped their price target on HP from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Barclays boosted their target price on shares of HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. TD Cowen increased their target price on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. The Goldman Sachs Group raised their price target on shares of HP from $16.00 to $19.00 and gave the stock a “sell” rating in a research report on Tuesday, June 2nd. Finally, Morgan Stanley lifted their price target on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $23.33.

Insider Transactions at HP

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $24.68, for a total value of $259,732.32. Following the completion of the transaction, the insider owned 92,200 shares in the company, valued at approximately $2,275,496. This represents a 10.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.18% of the stock is owned by insiders.

HP Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.