SouthState Corp Purchases 3,574 Shares of HP Inc. $HPQ

SouthState Corp increased its position in shares of HP Inc. (NYSE:HPQ) by 207.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,299 shares of the computer maker’s stock after purchasing an additional 3,574 shares during the period. SouthState Corp’s holdings in HP were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in HP during the 1st quarter worth $179,037,000. Invesco Ltd. boosted its position in shares of HP by 19.2% in the first quarter. Invesco Ltd. now owns 11,340,629 shares of the computer maker’s stock valued at $314,022,000 after acquiring an additional 1,829,411 shares during the period. AustralianSuper Pty Ltd grew its stake in shares of HP by 32.0% in the second quarter. AustralianSuper Pty Ltd now owns 5,684,655 shares of the computer maker’s stock valued at $139,047,000 after acquiring an additional 1,378,570 shares in the last quarter. Ameriprise Financial Inc. increased its position in HP by 96.8% during the first quarter. Ameriprise Financial Inc. now owns 2,332,414 shares of the computer maker’s stock worth $64,642,000 after acquiring an additional 1,147,342 shares during the period. Finally, Banque Transatlantique SA bought a new position in HP during the first quarter worth about $22,377,000. 77.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HPQ shares. HSBC set a $30.00 price objective on shares of HP and gave the company a “buy” rating in a report on Tuesday, October 14th. Zacks Research upgraded shares of HP from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. UBS Group increased their price target on HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. lowered HP from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Wednesday, October 22nd. Finally, Barclays dropped their price objective on HP from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.71.

HP Price Performance

NYSE HPQ opened at $26.26 on Friday. The business has a fifty day moving average price of $27.61 and a two-hundred day moving average price of $26.51. The stock has a market capitalization of $24.54 billion, a PE ratio of 9.58, a PEG ratio of 2.23 and a beta of 1.28. HP Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $39.79.

HP (NYSE:HPQ) last posted its quarterly earnings results on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. HP had a negative return on equity of 262.03% and a net margin of 4.83%.The company had revenue of $13.93 billion during the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter in the previous year, the firm earned $0.83 EPS. HP’s revenue was up 3.1% on a year-over-year basis. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. As a group, sell-side analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

Insider Activity

In related news, CEO Enrique Lores sold 34,282 shares of HP stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $26.85, for a total transaction of $920,471.70. Following the sale, the chief executive officer directly owned 3 shares of the company’s stock, valued at approximately $80.55. The trade was a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anneliese Olson sold 18,154 shares of the stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $27.88, for a total transaction of $506,133.52. Following the completion of the transaction, the insider directly owned 169 shares of the company’s stock, valued at approximately $4,711.72. The trade was a 99.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.38% of the stock is currently owned by insiders.

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.