HP Inc. (NYSE:HPQ) insider Kim M. Rivera sold 41,761 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $21.28, for a total transaction of $888,674.08. Following the sale, the insider now owns 84,799 shares in the company, valued at $1,804,522.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of HP Inc. (HPQ) opened at $21.17 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.74 and a debt-to-equity ratio of -1.55. HP Inc. has a fifty-two week low of $14.40 and a fifty-two week high of $22.31. The stock has a market capitalization of $35,459.49, a PE ratio of 13.52, a PEG ratio of 3.15 and a beta of 1.85.
HP (NYSE:HPQ) last issued its earnings results on Wednesday, August 23rd. The computer maker reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. HP had a negative return on equity of 64.93% and a net margin of 4.66%. The business had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.31 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. research analysts expect that HP Inc. will post 1.65 earnings per share for the current fiscal year.
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Several brokerages have commented on HPQ. Royal Bank Of Canada upgraded shares of HP from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $22.00 in a research report on Thursday, July 20th. Stifel Nicolaus restated a “hold” rating and set a $14.00 target price on shares of HP in a research report on Thursday, August 24th. BMO Capital Markets restated a “hold” rating and set a $20.00 target price on shares of HP in a research report on Thursday, August 24th. Mizuho restated a “buy” rating and set a $21.00 target price on shares of HP in a research report on Thursday, August 24th. Finally, Guggenheim restated a “neutral” rating on shares of HP in a research report on Monday, October 2nd. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. HP has a consensus rating of “Buy” and a consensus target price of $21.57.
Large investors have recently modified their holdings of the company. CAPROCK Group Inc. grew its holdings in shares of HP by 104.5% during the 3rd quarter. CAPROCK Group Inc. now owns 43,348 shares of the computer maker’s stock worth $871,000 after purchasing an additional 22,150 shares during the period. Meyer Handelman Co. grew its holdings in shares of HP by 3.1% during the 3rd quarter. Meyer Handelman Co. now owns 449,414 shares of the computer maker’s stock worth $8,971,000 after purchasing an additional 13,600 shares during the period. Artemis Investment Management LLP purchased a new stake in shares of HP during the 2nd quarter worth about $19,380,000. Motco grew its holdings in shares of HP by 929.3% during the 2nd quarter. Motco now owns 10,633 shares of the computer maker’s stock worth $186,000 after purchasing an additional 9,600 shares during the period. Finally, James Investment Research Inc. purchased a new stake in shares of HP during the 2nd quarter worth about $1,232,000. Institutional investors and hedge funds own 79.63% of the company’s stock.
HP Inc is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises, including customers in the government, health and education sectors. The Company provides personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.
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