Versor Investments LP Has $1.54 Million Holdings in HP Inc. (NYSE:HPQ)

Versor Investments LP raised its stake in HP Inc. (NYSE:HPQ) by 44.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,100 shares of the computer maker’s stock after buying an additional 14,500 shares during the quarter. Versor Investments LP’s holdings in HP were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new stake in shares of HP in the 3rd quarter valued at about $25,000. Synergy Asset Management LLC acquired a new position in HP during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC bought a new stake in HP in the fourth quarter valued at approximately $31,000. Itau Unibanco Holding S.A. acquired a new stake in HP in the third quarter worth $40,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of HP during the third quarter worth $44,000. Institutional investors own 77.53% of the company’s stock.

HP Stock Down 1.0 %

NYSE HPQ opened at $33.76 on Thursday. The firm’s 50 day moving average is $33.14 and its 200-day moving average is $34.87. The company has a market capitalization of $31.66 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. HP Inc. has a 12-month low of $27.42 and a 12-month high of $39.79.

HP (NYSE:HPQ) last issued its quarterly earnings results on Tuesday, November 26th. The computer maker reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. HP had a net margin of 5.18% and a negative return on equity of 253.39%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.99 billion. During the same period in the previous year, the business earned $0.90 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts expect that HP Inc. will post 3.56 EPS for the current year.

HP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.2894 per share. The ex-dividend date is Wednesday, March 12th. This represents a $1.16 annualized dividend and a yield of 3.43%. HP’s payout ratio is presently 40.93%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of HP from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, November 20th. Hsbc Global Res downgraded HP from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Barclays lifted their price objective on HP from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. TD Cowen increased their target price on HP from $32.00 to $39.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Finally, Sanford C. Bernstein raised their target price on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $36.68.

Insider Activity at HP

In other news, insider Stephanie Liebman sold 11,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $32.50, for a total transaction of $357,500.00. Following the transaction, the insider now directly owns 6,277 shares in the company, valued at $204,002.50. The trade was a 63.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alex Cho sold 10,298 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $34.32, for a total transaction of $353,427.36. Following the completion of the sale, the insider now owns 64,676 shares of the company’s stock, valued at $2,219,680.32. This trade represents a 13.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 273,035 shares of company stock valued at $9,670,068. Insiders own 0.41% of the company’s stock.

About HP

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.