McIlrath & Eck LLC Has $125,000 Stake in HP Inc. $HPQ

McIlrath & Eck LLC increased its holdings in shares of HP Inc. (NYSE:HPQ) by 50.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,522 shares of the computer maker’s stock after buying an additional 1,514 shares during the period. McIlrath & Eck LLC’s holdings in HP were worth $125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HPQ. BayBridge Capital Group LLC bought a new stake in shares of HP during the 1st quarter valued at $1,505,000. Meritage Portfolio Management grew its stake in shares of HP by 37.8% during the first quarter. Meritage Portfolio Management now owns 140,632 shares of the computer maker’s stock worth $3,894,000 after purchasing an additional 38,568 shares during the period. Jump Financial LLC acquired a new stake in shares of HP during the first quarter worth $6,359,000. Horizon Financial Services LLC lifted its stake in HP by 2,669.0% in the first quarter. Horizon Financial Services LLC now owns 11,519 shares of the computer maker’s stock valued at $319,000 after buying an additional 11,103 shares during the period. Finally, Longfellow Investment Management Co. LLC acquired a new position in HP in the first quarter valued at about $627,000. 77.53% of the stock is owned by institutional investors.

HP Stock Down 0.9%

HP stock opened at $29.10 on Wednesday. The stock has a market capitalization of $27.20 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 2.36 and a beta of 1.29. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.79. The company has a 50 day moving average of $26.37 and a 200-day moving average of $26.52.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, August 27th. The computer maker reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. The business had revenue of $13.93 billion for the quarter, compared to analyst estimates of $13.69 billion. HP had a net margin of 4.83% and a negative return on equity of 262.03%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $0.83 earnings per share. HP has set its Q4 2025 guidance at 0.870-0.97 EPS. Equities analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen lowered their price target on HP from $38.00 to $28.00 and set a “hold” rating for the company in a research note on Thursday, May 29th. Bank of America decreased their price objective on shares of HP from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. Citigroup cut their target price on shares of HP from $29.00 to $27.50 and set a “neutral” rating on the stock in a report on Thursday, May 29th. UBS Group lifted their price target on shares of HP from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, Morgan Stanley dropped their price objective on HP from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 29th. Two equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.96.

HP 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.