GSA Capital Partners LLP Purchases Shares of 18,438 HP Inc. $HPQ

GSA Capital Partners LLP purchased a new position in HP Inc. (NYSE:HPQ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,438 shares of the computer maker’s stock, valued at approximately $405,000.

A number of other large investors have also modified their holdings of HPQ. Garner Asset Management Corp purchased a new position in shares of HP in the 4th quarter valued at approximately $25,000. SHP Wealth Management acquired a new stake in HP in the 4th quarter worth approximately $26,000. Union Savings Bank purchased a new stake in HP during the 4th quarter worth approximately $28,000. DV Equities LLC acquired a new position in HP during the 4th quarter valued at approximately $29,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in HP during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 21,048 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the sale, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,620 shares of company stock valued at $1,478,622 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

HP Trading Up 1.0%

Shares of NYSE:HPQ opened at $29.76 on Friday. HP Inc. has a twelve month low of $17.56 and a twelve month high of $32.19. The company has a market cap of $27.22 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 5.01 and a beta of 1.17. The company’s 50 day moving average is $25.78 and its 200 day moving average is $22.40.

HP (NYSE:HPQ) last announced its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The business had revenue of $14.41 billion during the quarter, compared to analysts’ expectations of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities research analysts predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. HP’s payout ratio is currently 44.28%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HPQ shares. Wall Street Zen raised shares of HP from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company boosted their price objective on shares of HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. Barclays upped their target price on HP from $16.00 to $19.00 and gave the company an “underweight” rating in a research report on Thursday, May 28th. Weiss Ratings raised HP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 6th. Finally, TD Cowen boosted their price target on HP from $20.00 to $26.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $23.50.

About HP

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.