OMERS ADMINISTRATION Corp Buys 18,336 Shares of HP Inc. $HPQ

Key Points

• OMERS ADMINISTRATION Corp increased its stake in HP Inc. by 24% during the first quarter, holding 94,601 shares valued at approximately $2.62 million.
• HP's latest earnings report showed EPS of $0.75, meeting analyst estimates, with revenue of $13.93 billion exceeding expectations of $13.69 billion.
• Analysts have issued mixed ratings for HP, with overall ratings leaning towards "Hold" and average price targets ranging around $29.96.

OMERS ADMINISTRATION Corp lifted its stake in shares of HP Inc. (NYSE:HPQ - Free Report) by 24.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,601 shares of the computer maker's stock after purchasing an additional 18,336 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in HP were worth $2,620,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Invesco Ltd. grew its holdings in shares of HP by 19.2% during the 1st quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker's stock worth $314,022,000 after purchasing an additional 1,829,411 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of HP by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,289,164 shares of the computer maker's stock worth $303,105,000 after purchasing an additional 707,742 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of HP by 2.4% during the 1st quarter. Deutsche Bank AG now owns 8,241,378 shares of the computer maker's stock worth $228,204,000 after purchasing an additional 189,969 shares in the last quarter. Nuveen LLC acquired a new stake in shares of HP during the 1st quarter worth $179,037,000. Finally, American Century Companies Inc. grew its holdings in shares of HP by 7.4% during the 1st quarter. American Century Companies Inc. now owns 5,308,991 shares of the computer maker's stock worth $147,006,000 after purchasing an additional 367,418 shares in the last quarter. 77.53% of the stock is owned by institutional investors and hedge funds.

HP Stock Up 0.8%

HP stock traded up $0.23 during trading hours on Thursday, hitting $28.93. The stock had a trading volume of 11,583,638 shares, compared to its average volume of 8,717,822. The stock has a market cap of $27.04 billion, a price-to-earnings ratio of 10.56, a P/E/G ratio of 2.31 and a beta of 1.29. HP Inc. has a one year low of $21.21 and a one year high of $39.79. The business's 50 day simple moving average is $26.11 and its 200-day simple moving average is $26.69.

HP (NYSE:HPQ - Get Free Report) last posted its earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.69 billion. During the same period last year, the company 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. Research analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is 42.34%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HPQ. TD Cowen dropped their price objective on HP from $38.00 to $28.00 and set a "hold" rating for the company in a research report on Thursday, May 29th. Wells Fargo & Company dropped their price objective on HP from $35.00 to $25.00 and set an "underweight" rating for the company in a research report on Thursday, May 29th. Zacks Research upgraded HP from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. upped their price objective on HP from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, August 28th. Finally, Barclays dropped their price objective on HP from $28.00 to $27.00 and set an "equal weight" rating for the company in a research report on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, HP has an average rating of "Hold" and an average price target of $29.96.

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.