Farther Finance Advisors LLC Acquires 12,156 Shares of HP Inc. $HPQ

Key Points

• Farther Finance Advisors LLC has increased its stake in HP Inc. by 40.7%, acquiring an additional 12,156 shares, bringing its total holdings to 42,060 shares worth approximately $1,029,000.
• Analysts' ratings on HP stock show a consensus of "Hold" with a price target average of $29.38, while several firms have issued mixed ratings affecting the stock price outlook.
• HP recently reported earnings of $0.75 EPS for the quarter, meeting estimates, with revenues of $13.93 billion, a 3.1% increase from the same quarter last year.

Farther Finance Advisors LLC boosted its position in HP Inc. (NYSE:HPQ - Free Report) by 40.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,060 shares of the computer maker's stock after buying an additional 12,156 shares during the period. Farther Finance Advisors LLC's holdings in HP were worth $1,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HPQ. WPG Advisers LLC bought a new stake in HP in the 1st quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in HP in the 1st quarter valued at about $35,000. Iron Horse Wealth Management LLC bought a new stake in HP in the 1st quarter valued at about $39,000. Financial Freedom LLC increased its position in HP by 141.4% in the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock valued at $42,000 after buying an additional 878 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in HP by 165.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock valued at $42,000 after buying an additional 947 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HPQ shares. Evercore ISI reaffirmed an "in-line" rating and issued a $29.00 target price on shares of HP in a research report on Wednesday, September 10th. KGI Securities assumed coverage on HP in a report on Thursday, May 29th. They set a "neutral" rating for the company. Citigroup decreased their price objective on HP from $29.00 to $27.50 and set a "neutral" rating for the company in a report on Thursday, May 29th. Dbs Bank lowered HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. Finally, Sanford C. Bernstein assumed coverage on HP in a report on Monday, September 15th. They set a "market perform" rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $29.38.

HP Stock Down 3.6%

Shares of NYSE HPQ opened at $27.50 on Thursday. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The stock's 50 day moving average price is $26.95 and its 200-day moving average price is $26.29. The company has a market capitalization of $25.70 billion, a PE ratio of 10.03, a PEG ratio of 2.30 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last announced its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share for the quarter, hitting analysts' consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The firm had revenue of $13.93 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The company's revenue was up 3.1% compared to the same quarter last year. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, research analysts expect that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.

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