HP Inc. (NYSE:HPQ – Get Free Report) insider David Mcquarrie sold 31,572 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $32.12, for a total value of $1,014,092.64. Following the completion of the transaction, the insider directly owned 8,008 shares of the company’s stock, valued at approximately $257,216.96. The trade was a 79.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HP Price Performance
Shares of HPQ traded up $0.31 during trading hours on Tuesday, reaching $31.78. 9,945,467 shares of the company’s stock traded hands, compared to its average volume of 18,028,174. HP Inc. has a twelve month low of $17.56 and a twelve month high of $36.22. The business’s fifty day simple moving average is $30.84 and its two-hundred day simple moving average is $25.25. The firm has a market capitalization of $28.66 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.67 and a beta of 1.17.
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, topping the consensus estimate 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 net margin of 4.14% and a negative return on equity of 947.78%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, equities research analysts expect that HP Inc. will post 3.23 EPS for the current year.
Institutional Trading of HP
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on HPQ. Morgan Stanley decreased their price objective on shares of HP from $19.00 to $17.00 and set an “underweight” rating for the company in a report on Monday, August 24th. Zacks Research raised HP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 7th. Royal Bank Of Canada assumed coverage on HP in a research note on Thursday, September 10th. They set a “sector perform” rating and a $33.00 price target for the company. Barclays lifted their price target on HP from $19.00 to $23.00 and gave the company an “underweight” rating in a research report on Friday, August 28th. Finally, UBS Group boosted their price objective on HP from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, HP has an average rating of “Hold” and an average target price of $25.77.
Read Our Latest Research Report on HPQ
About HP
HP Inc (NYSE: HPQ) is a global technology company that develops and sells personal computing and printing products, services, and solutions. Its portfolio includes laptops, desktop computers, workstations, monitors, accessories, and other peripherals for consumers and businesses.
The company’s printing business provides printers, multifunction devices, digital presses, supplies such as ink and toner, and related services and solutions. HP also offers managed print services, device and lifecycle management, and other technology services designed to support workplace productivity and hybrid work environments.
HP traces its origins to Hewlett-Packard, founded in 1939 by Bill Hewlett and Dave Packard.
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