Key Points
- HP insider Anneliese Olson sold 18,997 shares for approximately $618,542 at an average price of $32.56. The sale covered tax withholding obligations tied to vested equity awards and reduced her direct ownership by 99.12% to 169 shares.
- HP reported stronger-than-expected quarterly results, with earnings of $0.83 per share versus the $0.66 consensus estimate and revenue of $15.68 billion, up 12.5% year over year.
- Analyst sentiment remains cautious: HP has a consensus “Reduce” rating, with one Strong Buy, nine Holds, and five Sells, alongside an average price target of $25.42.
HP Inc. (NYSE:HPQ - Get Free Report) insider Anneliese Olson sold 18,997 shares of HP stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $32.56, for a total transaction of $618,542.32. Following the transaction, the insider directly 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 Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
HP Price Performance
NYSE:HPQ opened at $31.89 on Friday. The firm has a market capitalization of $28.76 billion, a P/E ratio of 9.46, a PEG ratio of 1.69 and a beta of 1.17. HP Inc. has a one year low of $17.56 and a one year high of $36.22. The company's 50-day simple moving average is $31.74 and its 200 day simple moving average is $24.50.
HP (NYSE:HPQ - Get Free Report) last announced its earnings results 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. HP had a net margin of 4.14% and a negative return on equity of 947.78%. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The business's revenue for the quarter was up 12.5% on a year-over-year basis. 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 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of HPQ. North Point Portfolio Managers Corp OH purchased a new position in HP in the 3rd quarter worth about $28,000. Aberdeen Wealth Management LLC bought a new position in HP during the 2nd quarter valued at about $29,000. MCF Advisors LLC lifted its stake in HP by 149.0% during the 2nd quarter. MCF Advisors LLC now owns 1,337 shares of the computer maker's stock valued at $29,000 after acquiring an additional 800 shares during the period. West Paces Advisors Inc. purchased a new stake in shares of HP during the 2nd quarter valued at about $34,000. Finally, Compass Financial Management LLC purchased a new stake in shares of HP during the 2nd quarter valued at about $38,000. 77.53% of the stock is owned by institutional investors.
Analyst Ratings Changes
HPQ has been the subject of a number of analyst reports. Weiss Ratings raised HP from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, October 16th. The Goldman Sachs Group lifted their price objective on HP from $19.00 to $21.00 and gave the company a "sell" rating in a research note on Wednesday, August 12th. Bank of America reissued an "underperform" rating on shares of HP in a report on Thursday, August 27th. UBS Group increased their target price on HP from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Thursday, August 27th. Finally, TD Cowen raised their price target on HP from $26.00 to $30.00 and gave the company a "hold" rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $25.42.
Get Our Latest Stock Analysis on HPQ
About HP
(
Get Free Report)
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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