Victory Capital Management Inc. Has $32.04 Million Holdings in HP Inc. (NYSE:HPQ)

Victory Capital Management Inc. lessened its holdings in HP Inc. (NYSE:HPQ) by 48.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 981,870 shares of the computer maker’s stock after selling 927,351 shares during the period. Victory Capital Management Inc. owned about 0.10% of HP worth $32,038,000 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 the business. Commerzbank Aktiengesellschaft FI grew its position in HP by 18.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 138,272 shares of the computer maker’s stock valued at $4,512,000 after acquiring an additional 21,613 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in HP by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,833,728 shares of the computer maker’s stock valued at $222,985,000 after acquiring an additional 90,606 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in HP by 1.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 28,281 shares of the computer maker’s stock valued at $923,000 after acquiring an additional 354 shares during the last quarter. Auxano Advisors LLC grew its position in HP by 3.7% in the fourth quarter. Auxano Advisors LLC now owns 8,650 shares of the computer maker’s stock valued at $282,000 after acquiring an additional 310 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in HP in the fourth quarter valued at about $1,902,000. Institutional investors own 77.53% of the company’s stock.

HP Price Performance

Shares of HPQ stock opened at $30.56 on Monday. The business’s 50 day simple moving average is $32.76 and its 200 day simple moving average is $34.65. HP Inc. has a one year low of $27.42 and a one year high of $39.79. The stock has a market capitalization of $28.80 billion, a PE ratio of 10.87, a PEG ratio of 2.96 and a beta of 1.09.

HP (NYSE:HPQ) last announced its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The business had revenue of $13.50 billion for the quarter, compared to analysts’ expectations of $13.35 billion. As a group, research analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.2894 dividend. This represents a $1.16 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, March 12th. HP’s dividend payout ratio (DPR) is presently 41.37%.

Insider Buying and Selling at HP

In other HP news, insider Kristen M. Ludgate sold 74,356 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $34.43, for a total value of $2,560,077.08. Following the transaction, the insider now directly owns 56,169 shares of the company’s stock, valued at approximately $1,933,898.67. The trade was a 56.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alex Cho sold 40,287 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $34.80, for a total value of $1,401,987.60. Following the completion of the transaction, the insider now directly owns 64,676 shares in the company, valued at approximately $2,250,724.80. This trade represents a 38.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,643 shares of company stock valued at $4,319,565. 0.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Sanford C. Bernstein lifted their target price on HP from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Barclays boosted their price target on HP from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. HSBC cut HP from a “buy” rating to a “hold” rating and reduced their price target for the stock from $39.00 to $38.00 in a report on Friday, November 29th. JPMorgan Chase & Co. reduced their price target on HP from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. Finally, TD Cowen reduced their price target on HP from $39.00 to $38.00 and set a “hold” rating on the stock in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.14.

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.