Kayne Anderson Rudnick Investment Management LLC Increases Holdings in HP Inc. $HPQ

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in HP Inc. by 52%, acquiring an additional 60,822 shares, bringing its total holdings to 177,820 shares worth approximately $4.9 million.
• HP's stock has seen mixed analyst responses, with target prices ranging from $27 to $35; currently holding a consensus rating of "Hold" and an average target price of $29.54.
• The company recently announced a quarterly dividend of $0.2894, corresponding to an annualized yield of 4.2%, with record shareholders set to receive payments on October 1st.

Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 52.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,820 shares of the computer maker's stock after buying an additional 60,822 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in HP were worth $4,924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gotham Asset Management LLC grew its stake in shares of HP by 23.6% during the fourth quarter. Gotham Asset Management LLC now owns 639,423 shares of the computer maker's stock valued at $20,864,000 after buying an additional 122,289 shares during the last quarter. BayBridge Capital Group LLC bought a new position in shares of HP during the first quarter valued at about $1,505,000. Meritage Portfolio Management grew its stake in shares of HP by 37.8% during the first quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker's stock valued at $3,894,000 after buying an additional 38,568 shares during the last quarter. Horizon Financial Services LLC grew its stake in shares of HP by 2,669.0% during the first quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker's stock valued at $319,000 after buying an additional 11,103 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new position in shares of HP during the first quarter valued at about $627,000. 77.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group raised their target price on HP from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday. Barclays cut their target price on HP from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Thursday. Morgan Stanley cut their target price on HP from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 29th. JPMorgan Chase & Co. lifted their price objective on HP from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Zacks Research raised HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $29.96.

HP Stock Up 0.7%

Shares of HPQ stock traded up $0.19 during trading hours on Friday, hitting $28.54. 12,745,588 shares of the company's stock traded hands, compared to its average volume of 8,366,330. The stock's fifty day simple moving average is $25.68 and its two-hundred day simple moving average is $26.85. HP Inc. has a 12-month low of $21.21 and a 12-month high of $39.79. The stock has a market cap of $26.81 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.19 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Wednesday, August 27th. The computer maker reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. HP had a net margin of 4.83% and a negative return on equity of 244.76%. The firm had revenue of $13.93 billion during the quarter, compared to analyst estimates of $13.69 billion. During the same period last year, the business earned $0.83 earnings per share. The business's 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, equities analysts forecast that HP Inc. will post 3.56 earnings per share for the current fiscal year.

HP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, September 10th. HP's payout ratio is presently 44.79%.

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.