HP (NYSE:HPQ) Trading 9.3% Higher - Should You Buy?

Key Points

• HP shares surged 9.3% to about $35.77, well above their 50-day and 200-day moving averages, although trading volume was far below average.
• HP recently beat quarterly expectations, reporting $0.83 EPS versus $0.66 expected and $15.68 billion in revenue, up 12.5% year over year. The company’s FY 2026 EPS guidance is $3.19–$3.29.
• Analyst sentiment remains mixed: HP has an average “Hold” rating and a $25.77 price target, while the company offers a 3.4% dividend yield based on its $0.30 quarterly payout.

HP Inc. (NYSE:HPQ - Get Free Report)'s stock price was up 9.3% on Friday . The company traded as high as $34.93 and last traded at $35.7730. Approximately 1,526,953 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 18,194,334 shares. The stock had previously closed at $32.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HPQ shares. JPMorgan Chase & Co. upped their target price on shares of HP from $22.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday, May 28th. Zacks Research raised shares of HP from a "hold" rating to a "strong-buy" rating in a report on Monday. Wall Street Zen raised HP from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Royal Bank Of Canada assumed coverage on shares of HP in a research report on Thursday. They issued a "sector perform" rating and a $33.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on shares of HP from $18.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, May 28th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, HP presently has an average rating of "Hold" and an average price target of $25.77.

HP Stock Up 6.7%

The company has a fifty day moving average price of $28.02 and a 200 day moving average price of $23.60. The stock has a market cap of $31.50 billion, a PE ratio of 13.33, a P/E/G ratio of 1.68 and a beta of 1.18.

HP (NYSE:HPQ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.17. The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.44 billion. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The firm's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. As a group, research analysts predict that HP Inc. will post 3.23 earnings per share for the current year.

HP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, September 9th. HP's payout ratio is presently 45.80%.

Insider Activity at HP

In related news, insider David McQuarrie sold 21,048 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $29.98, for a total transaction of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares in the company, valued at approximately $1,186,608.40. The trade was a 34.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 42,096 shares of company stock worth $1,218,890 over the last ninety days. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HP

Several hedge funds have recently bought and sold shares of HPQ. SHP Wealth Management acquired a new position in HP during the 4th quarter worth approximately $26,000. Union Savings Bank purchased a new stake in HP in the fourth quarter valued at approximately $28,000. Aberdeen Wealth Management LLC acquired a new stake in shares of HP in the second quarter valued at approximately $29,000. MCF Advisors LLC grew its position in shares of HP by 149.0% during the second quarter. MCF Advisors LLC now owns 1,337 shares of the computer maker's stock worth $29,000 after acquiring an additional 800 shares during the last quarter. Finally, DV Equities LLC acquired a new position in shares of HP in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 77.53% of the company's stock.

About HP

HP Inc is a global technology company that develops and sells personal computing and printing products and related services. Its Personal Systems business offers laptops, desktop computers, workstations, gaming PCs, monitors, peripherals and accessories for consumers, businesses and public-sector organizations.

Through its Printing business, HP provides home and office printers, commercial printing systems, supplies such as ink and toner, and managed print services. The company also offers software and solutions designed to support device management, security, productivity and digital workflows.

HP serves customers in markets around the world through direct sales, online channels, retailers, distributors and business partners.

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