Jefferies Financial Group Inc. Makes New Investment in HP Inc. $HPQ

Jefferies Financial Group Inc. acquired a new stake in HP Inc. (NYSE:HPQ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 246,815 shares of the computer maker’s stock, valued at approximately $5,415,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HPQ. BlackRock Inc. bought a new position in HP during the 2nd quarter valued at approximately $2,357,757,000. Primecap Management Co. CA purchased a new position in shares of HP during the second quarter valued at approximately $545,984,000. Legal & General Group Plc purchased a new position in shares of HP during the second quarter valued at approximately $180,689,000. DNB Asset Management AS raised its holdings in shares of HP by 242.2% during the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock valued at $236,048,000 after acquiring an additional 7,498,202 shares in the last quarter. Finally, Man Group plc purchased a new stake in HP in the second quarter worth $149,223,000. 77.53% of the stock is owned by institutional investors.

HP Stock Performance

Shares of HP stock opened at $30.56 on Friday. The company has a 50-day simple moving average of $26.38 and a two-hundred day simple moving average of $22.76. The stock has a market capitalization of $27.95 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 4.59 and a beta of 1.17. HP Inc. has a 52-week low of $17.56 and a 52-week high of $32.19.

HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 26th. The computer maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. HP had a negative return on equity of 947.78% and a net margin of 4.14%.The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.44 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. HP’s revenue 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. As a group, equities research analysts forecast that HP Inc. will post 3.25 EPS for the current fiscal year.

HP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Wednesday, September 9th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 9th. HP’s payout ratio is presently 45.80%.

Insider Activity

In related news, insider David P. Mcquarrie sold 21,048 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $29.98, for a total value of $631,019.04. Following the completion of the sale, the insider directly owned 39,580 shares of the company’s stock, valued at approximately $1,186,608.40. This represents a 34.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 52,620 shares of company stock worth $1,478,622. Insiders own 0.18% of the company’s stock.

More HP News

Here are the key news stories impacting HP this week:

• Positive Sentiment: HP reported fiscal Q3 revenue of $15.68 billion, up 12.5% year over year and above expectations, while adjusted earnings of $0.83 per share exceeded consensus estimates. Personal Systems revenue increased 18%, helping offset weaker PC unit shipments. HPQ’s Q3 Earnings Surpass Expectations, Revenues Rise Year Over Year
• Positive Sentiment: Management raised its fiscal 2026 EPS and free-cash-flow outlook, citing pricing, a richer premium-PC mix and growing demand for AI-enabled PCs. The outlook supports expectations for potential margin recovery into fiscal 2027. HPQ Q3 Earnings Call Puts Focus on Margin Recovery and AI PCs
• Positive Sentiment: Several Wall Street analysts boosted their price forecasts after the earnings beat, improving near-term sentiment. HP’s cash generation, dividend and planned share repurchases also remain supportive for investors. HP Analysts Boost Their Forecasts
• Neutral Sentiment: HP is pursuing a global Wi-Fi patent agreement, which could help clarify licensing rights and support its connected-device strategy, although the immediate financial impact is unclear. Why Is HP Signing a Global Wi-Fi Patent Deal Now?
• Negative Sentiment: Investors remain concerned that rising memory costs, continued PC shipment declines and ongoing margin contraction could limit the durability of HP’s earnings growth. Profit and operating leverage weakened even as revenue rose, creating skepticism after a substantial recent rally. HP Stock Slides as Memory Costs Pressure PC Margins

Analyst Ratings Changes

Several research firms recently weighed in on HPQ. Citigroup lifted their price target on shares of HP from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their target price on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Sanford C. Bernstein reiterated a “market perform” rating and set a $32.00 price target on shares of HP in a research report on Thursday. The Goldman Sachs Group increased their price target on shares of HP from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Wednesday, August 12th. Finally, Barclays raised their price objective on shares of HP from $19.00 to $23.00 and gave the stock an “underweight” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $25.17.

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.