O Shaughnessy Asset Management LLC Acquires 217,428 Shares of HP Inc. $HPQ

O Shaughnessy Asset Management LLC raised its holdings in shares of HP Inc. (NYSE:HPQ) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,363,793 shares of the computer maker’s stock after purchasing an additional 217,428 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in HP were worth $30,385,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HPQ. DNB Asset Management AS grew its holdings in shares of HP by 242.2% in the fourth quarter. DNB Asset Management AS now owns 10,594,630 shares of the computer maker’s stock worth $236,048,000 after purchasing an additional 7,498,202 shares during the last quarter. Norges Bank bought a new stake in HP during the 4th quarter valued at about $149,309,000. Arrowstreet Capital Limited Partnership boosted its position in HP by 186.1% in 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 buying an additional 5,449,691 shares during the period. AQR Capital Management LLC grew its stake in HP by 143.4% in the 3rd quarter. AQR Capital Management LLC now owns 9,039,803 shares of the computer maker’s stock worth $244,527,000 after acquiring an additional 5,325,260 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in HP by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 129,658,754 shares of the computer maker’s stock worth $3,530,608,000 after acquiring an additional 3,122,436 shares in the last quarter. 77.53% of the stock is owned by hedge funds and other institutional investors.

HP Stock Performance

Shares of HPQ opened at $25.36 on Tuesday. The company has a 50 day moving average price of $21.53 and a 200-day moving average price of $21.22. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The stock has a market capitalization of $23.19 billion, a PE ratio of 9.36, a PEG ratio of 4.32 and a beta of 1.16.

HP (NYSE:HPQ) last issued its quarterly earnings data on Wednesday, May 27th. The computer maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $14.41 billion during 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%. HP’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. Equities research analysts forecast that HP Inc. will post 2.98 EPS for the current year.

HP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, June 10th. HP’s payout ratio is presently 44.28%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HPQ. Zacks Research raised shares of HP from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings restated a “hold (c-)” rating on shares of HP in a report on Monday, May 4th. UBS Group lifted their target price on HP from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Barclays upped their target price on HP from $16.00 to $19.00 and gave the stock an “underweight” rating in a report on Thursday, May 28th. Finally, Citigroup increased their price target on HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target 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.