V Square Quantitative Management LLC Has $734,000 Stake in HP Inc. (NYSE:HPQ)

V Square Quantitative Management LLC grew its holdings in HP Inc. (NYSE:HPQ) by 7.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,449 shares of the computer maker’s stock after acquiring an additional 1,357 shares during the quarter. V Square Quantitative Management LLC’s holdings in HP were worth $734,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in HPQ. Sawyer & Company Inc grew its holdings in HP by 900.0% in the 1st quarter. Sawyer & Company Inc now owns 1,000 shares of the computer maker’s stock valued at $30,000 after buying an additional 900 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of HP during the second quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of HP in the second quarter valued at approximately $34,000. Wolff Wiese Magana LLC increased its position in HP by 115.1% during the third quarter. Wolff Wiese Magana LLC now owns 968 shares of the computer maker’s stock worth $35,000 after acquiring an additional 518 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in HP during the 3rd quarter valued at $37,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HP

In other news, CEO Enrique Lores sold 211,501 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $33.16, for a total transaction of $7,013,373.16. Following the sale, the chief executive officer now owns 3 shares in the company, valued at approximately $99.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

HP Stock Performance

Shares of NYSE HPQ opened at $37.28 on Friday. The business has a fifty day moving average of $35.36 and a two-hundred day moving average of $33.85. HP Inc. has a 52-week low of $25.67 and a 52-week high of $39.52. The stock has a market cap of $36.48 billion, a PE ratio of 12.59, a PEG ratio of 2.67 and a beta of 1.07.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 28th. The computer maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.03). HP had a negative return on equity of 266.37% and a net margin of 5.33%. The firm had revenue of $13.52 billion for the quarter, compared to the consensus estimate of $13.37 billion. During the same period in the prior year, the company posted $0.86 earnings per share. HP’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts predict that HP Inc. will post 3.39 earnings per share for the current year.

HP declared that its Board of Directors has initiated a share buyback program on Wednesday, August 28th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the computer maker to repurchase up to 28.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of HP from $38.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Bank of America downgraded HP from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a research report on Friday, September 27th. UBS Group upped their price target on HP from $34.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Citigroup cut HP from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research report on Tuesday, October 1st. Finally, Loop Capital cut their target price on HP from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.55.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.