OMERS ADMINISTRATION Corp Purchases 32,129 Shares of HP Inc. $HPQ

OMERS ADMINISTRATION Corp raised its position in shares of HP Inc. (NYSE:HPQ) by 26.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 151,593 shares of the computer maker’s stock after purchasing an additional 32,129 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in HP were worth $2,912,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HPQ. DNB Asset Management AS raised its stake 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 during the last quarter. Norges Bank bought a new stake in shares of HP in the fourth quarter worth about $149,309,000. Arrowstreet Capital Limited Partnership increased its holdings in HP by 186.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 8,378,723 shares of the computer maker’s stock valued at $228,153,000 after purchasing an additional 5,449,691 shares during the period. AQR Capital Management LLC increased its holdings in HP by 143.4% during the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock valued at $244,527,000 after purchasing an additional 5,325,260 shares during the period. Finally, Renaissance Technologies LLC raised its position in HP by 626.6% during the 4th quarter. Renaissance Technologies LLC now owns 4,948,700 shares of the computer maker’s stock valued at $110,257,000 after purchasing an additional 4,267,600 shares during the last quarter. Hedge funds and other institutional investors own 77.53% of the company’s stock.

Insider Buying and Selling at HP

In other HP news, insider David P. Mcquarrie sold 10,524 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $24.68, for a total transaction of $259,732.32. Following the completion of the transaction, the insider owned 92,200 shares of the company’s stock, valued at approximately $2,275,496. This trade represents a 10.24% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.18% of the company’s stock.

HP Trading Up 6.6%

Shares of HP stock opened at $28.30 on Wednesday. The firm has a market capitalization of $25.88 billion, a P/E ratio of 10.44, a P/E/G ratio of 4.48 and a beta of 1.19. The business has a fifty day simple moving average of $24.40 and a two-hundred day simple moving average of $21.28. HP Inc. has a 12 month low of $17.56 and a 12 month high of $29.65.

HP (NYSE:HPQ) last released its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $14.41 billion for the quarter, compared to the consensus estimate of $13.99 billion. HP had a net margin of 4.45% and a negative return on equity of 581.36%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Analysts predict that HP Inc. will post 2.98 earnings per share for the current year.

HP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 9th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, September 9th. HP’s dividend payout ratio is 44.28%.

Wall Street Analyst Weigh In

HPQ has been the topic of a number of recent analyst reports. Zacks Research upgraded HP from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. TD Cowen raised their price target on HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded shares of HP from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 6th. UBS Group upped their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, Wall Street Zen cut shares of HP from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Two investment 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. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $23.33.

About HP

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.