IFM Investors Pty Ltd Buys 17,737 Shares of HP Inc. $HPQ

Key Points

• IFM Investors Pty Ltd increased its holdings in HP Inc. by 9.0% during the second quarter, acquiring an additional 17,737 shares and bringing its total ownership to 215,503 shares, valued at approximately $5,271,000.
• HP reported earnings of $0.75 per share for the last quarter, matching analysts' expectations, with revenue of $13.93 billion, which was above the anticipated $13.69 billion.
• The stock has a current consensus rating of "Hold" with a target price of $29.38 amid mixed ratings from various analysts, including upgrades and downgrades from firms like Zacks and Morgan Stanley.

IFM Investors Pty Ltd increased its position in HP Inc. (NYSE:HPQ - Free Report) by 9.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 215,503 shares of the computer maker's stock after buying an additional 17,737 shares during the period. IFM Investors Pty Ltd's holdings in HP were worth $5,271,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HPQ. WPG Advisers LLC bought a new stake in HP in the first quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of HP in the 1st quarter valued at about $35,000. Iron Horse Wealth Management LLC acquired a new stake in shares of HP in the first quarter valued at about $39,000. Financial Freedom LLC boosted its stake in HP by 141.4% during the 1st quarter. Financial Freedom LLC now owns 1,499 shares of the computer maker's stock worth $42,000 after purchasing an additional 878 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in HP by 165.3% during the first quarter. Golden State Wealth Management LLC now owns 1,520 shares of the computer maker's stock worth $42,000 after acquiring an additional 947 shares during the last quarter. 77.53% of the stock is owned by institutional investors.

HP Stock Up 0.4%

NYSE:HPQ traded up $0.12 during trading hours on Monday, hitting $28.28. 7,247,973 shares of the company's stock traded hands, compared to its average volume of 9,889,120. The firm has a market cap of $26.43 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.27 and a beta of 1.29. The business's fifty day simple moving average is $26.74 and its two-hundred day simple moving average is $26.28. HP Inc. has a 52 week low of $21.21 and a 52 week high of $39.79.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on HPQ. Zacks Research upgraded shares of HP from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. TD Cowen reduced their target price on shares of HP from $38.00 to $28.00 and set a "hold" rating for the company in a research note on Thursday, May 29th. KGI Securities began coverage on shares of HP in a research note on Thursday, May 29th. They issued a "neutral" rating for the company. Evercore ISI reissued an "in-line" rating and issued a $29.00 target price on shares of HP in a report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price target on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $29.38.

About HP

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.