HP Inc. (NYSE:HPQ – Get Free Report) insider Anneliese Olson sold 18,997 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $32.56, for a total transaction of $618,542.32. Following the completion of the transaction, the insider owned 169 shares of the company’s stock, valued at approximately $5,502.64. This trade represents a 99.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
HP Stock Performance
Shares of NYSE:HPQ traded down $0.56 during mid-day trading on Thursday, reaching $31.89. 12,952,975 shares of the company’s stock were exchanged, compared to its average volume of 17,526,486. The firm has a market capitalization of $28.76 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.75 and a beta of 1.17. The business’s fifty day moving average price is $31.70 and its 200-day moving average price is $24.45. HP Inc. has a twelve month low of $17.56 and a twelve month high of $36.22.
HP (NYSE:HPQ – Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. The business had revenue of $15.68 billion during 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%. HP’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. HP has set its FY 2026 guidance at 3.190-3.290 EPS and its Q4 2026 guidance at 0.690-0.790 EPS. Analysts predict that HP Inc. will post 3.23 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Barclays raised their price objective on HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a research report on Friday, August 28th. Morgan Stanley reduced their target price on HP from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Monday, August 24th. Bank of America restated an “underperform” rating on shares of HP in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of HP from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Finally, Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $25.42.
Get Our Latest Stock Report on HPQ
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. North Point Portfolio Managers Corp OH acquired a new position in shares of HP in the third quarter worth about $28,000. Compass Wealth Management LLC acquired a new position in HP in the 3rd quarter worth about $38,000. Ashton Thomas Securities LLC purchased a new position in HP during the third quarter worth approximately $39,000. Aberdeen Wealth Management LLC purchased a new position in HP during the second quarter worth approximately $29,000. Finally, MCF Advisors LLC increased its position in shares of HP by 149.0% in the second quarter. MCF Advisors LLC now owns 1,337 shares of the computer maker’s stock valued at $29,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.
HP Company Profile
HP Inc (NYSE: HPQ) is a global technology company that develops personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, peripherals, printers, digital printing systems, and related supplies such as ink and toner.
The company serves consumers, small and medium-sized businesses, large enterprises, and public-sector organizations through direct sales, online channels, retailers, distributors, and other business partners.
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