Y Intercept Hong Kong Ltd Invests $2.07 Million in HP Inc. $HPQ

Y Intercept Hong Kong Ltd bought a new stake in shares of HP Inc. (NYSE:HPQ) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 107,732 shares of the computer maker’s stock, valued at approximately $2,070,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HPQ. Garner Asset Management Corp acquired a new position in shares of HP in the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new stake in HP in the 4th quarter valued at $26,000. SHP Wealth Management bought a new stake in HP in the fourth quarter valued at $26,000. Sound Income Strategies LLC grew its position in HP by 97.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,312 shares of the computer maker’s stock valued at $27,000 after acquiring an additional 646 shares during the period. Finally, Union Savings Bank acquired a new position in HP during the fourth quarter worth $28,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Up 3.6%

Shares of NYSE HPQ opened at $23.78 on Thursday. HP Inc. has a 12-month low of $17.56 and a 12-month high of $29.65. The firm’s 50-day simple moving average is $23.29 and its 200 day simple moving average is $21.04. The company has a market cap of $21.75 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 3.87 and a beta of 1.19.

HP (NYSE:HPQ) last announced its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, equities analysts expect that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.20 annualized dividend and a yield of 5.0%. HP’s dividend payout ratio is currently 44.28%.

Wall Street Analyst Weigh In

HPQ has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on HP from $18.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, May 28th. UBS Group lifted their price target on shares of HP from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of HP from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, Morgan Stanley lifted their target price on shares of HP from $17.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $23.33.

Insider Buying and Selling

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $24.68, for a total value of $259,732.32. Following the transaction, the insider directly owned 92,200 shares in the company, valued at approximately $2,275,496. This trade represents a 10.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.18% of the company’s stock.

HP Company Profile

HP Inc is an American multinational information technology company that designs, manufactures and sells personal computing devices, printers and related supplies and services. Its product portfolio spans consumer and commercial notebooks and desktops, workstations, displays and accessories, as well as an extensive line of printing hardware that includes home, office and production printers. HP also provides consumables such as ink and toner, managed print services, device deployment and lifecycle support, and software for device and print management.

Founded from the original Hewlett‑Packard Company, HP Inc became a separately traded public company in 2015 following a corporate split that created Hewlett Packard Enterprise to focus on enterprise hardware and services.