Versor Investments LP Raises Holdings in HP Inc. $HPQ

Key Points

• Versor Investments LP increased its stake in HP Inc. by 88.5%, acquiring an additional 41,700 shares, bringing its total holdings to 88,800 shares valued at approximately $2.46 million.
• Institutional investors now hold 77.53% of HP Inc.'s stock, with several firms boosting their positions during the fourth quarter, indicating strong institutional interest in the company.
• HP recently reported a quarterly earnings miss with earnings per share of $0.71, under the consensus estimate of $0.80, despite a year-over-year revenue increase of 3.3%.

Versor Investments LP raised its position in HP Inc. (NYSE:HPQ - Free Report) by 88.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,800 shares of the computer maker's stock after acquiring an additional 41,700 shares during the quarter. HP makes up approximately 0.4% of Versor Investments LP's portfolio, making the stock its 27th biggest position. Versor Investments LP's holdings in HP were worth $2,459,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in shares of HP by 28.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 97,278 shares of the computer maker's stock worth $3,172,000 after buying an additional 21,646 shares in the last quarter. Mariner LLC lifted its stake in HP by 1.9% in the fourth quarter. Mariner LLC now owns 244,612 shares of the computer maker's stock worth $7,982,000 after acquiring an additional 4,597 shares during the last quarter. GeoWealth Management LLC grew its holdings in HP by 12.2% during the 4th quarter. GeoWealth Management LLC now owns 11,546 shares of the computer maker's stock worth $377,000 after acquiring an additional 1,260 shares in the last quarter. Norinchukin Bank The increased its position in shares of HP by 4.9% in the 4th quarter. Norinchukin Bank The now owns 40,850 shares of the computer maker's stock valued at $1,333,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Natixis raised its holdings in shares of HP by 108.5% in the 4th quarter. Natixis now owns 280,193 shares of the computer maker's stock valued at $9,143,000 after purchasing an additional 145,783 shares in the last quarter. Hedge funds and other institutional investors own 77.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HPQ shares. Bank of America lowered their target price on shares of HP from $35.00 to $33.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. KGI Securities started coverage on HP in a research report on Thursday, May 29th. They set a "neutral" rating for the company. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Dbs Bank downgraded HP from a "moderate buy" rating to a "hold" rating in a report on Wednesday, June 11th. Finally, UBS Group dropped their price target on shares of HP from $37.00 to $26.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $29.54.

HP Stock Performance

NYSE HPQ traded down $0.5040 during trading on Wednesday, reaching $26.4960. The company's stock had a trading volume of 6,458,870 shares, compared to its average volume of 8,239,082. The business's fifty day moving average price is $25.27 and its 200-day moving average price is $27.06. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The firm has a market cap of $24.89 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 2.17 and a beta of 1.29.

HP (NYSE:HPQ - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer maker reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09). The company had revenue of $13.22 billion during the quarter, compared to analyst estimates of $13.09 billion. HP had a net margin of 4.64% and a negative return on equity of 244.99%. The business's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. HP has set its FY 2025 guidance at 3.000-3.300 EPS. Q3 2025 guidance at 0.680-0.800 EPS. As a group, sell-side analysts forecast that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Announces Dividend

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 given a $0.2894 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Wednesday, September 10th. HP's dividend payout ratio (DPR) is 44.79%.

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.