Nomura Asset Management Co. Ltd. Purchases 20,390 Shares of HP Inc. $HPQ

Nomura Asset Management Co. Ltd. lifted its position in HP Inc. (NYSE:HPQ) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,000 shares of the computer maker’s stock after buying an additional 20,390 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in HP were worth $8,444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baird Financial Group Inc. boosted its position in HP by 13.1% during the second quarter. Baird Financial Group Inc. now owns 114,169 shares of the computer maker’s stock worth $2,793,000 after purchasing an additional 13,265 shares during the period. Gamco Investors INC. ET AL boosted its position in HP by 2.7% during the second quarter. Gamco Investors INC. ET AL now owns 21,230 shares of the computer maker’s stock worth $519,000 after purchasing an additional 551 shares during the period. Daiwa Securities Group Inc. boosted its position in HP by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 145,337 shares of the computer maker’s stock worth $3,555,000 after purchasing an additional 8,779 shares during the period. Treasurer of the State of North Carolina boosted its position in HP by 70.5% during the second quarter. Treasurer of the State of North Carolina now owns 731,574 shares of the computer maker’s stock worth $17,894,000 after purchasing an additional 302,578 shares during the period. Finally, HUB Investment Partners LLC bought a new position in HP during the second quarter worth $233,000. 77.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HPQ. JPMorgan Chase & Co. lifted their price objective on shares of HP from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Citigroup lifted their price objective on shares of HP from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Bank of America lifted their price objective on shares of HP from $16.00 to $18.00 and gave the stock an “underperform” rating in a research report on Thursday, May 28th. UBS Group lifted their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. Finally, TD Cowen lifted their price objective on shares of HP from $20.00 to $26.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Two research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $23.33.

HP Stock Performance

HPQ opened at $26.05 on Thursday. HP Inc. has a fifty-two week low of $17.56 and a fifty-two week high of $29.65. The company has a market capitalization of $23.82 billion, a P/E ratio of 9.61, a P/E/G ratio of 4.60 and a beta of 1.17. The stock has a fifty day moving average of $21.14 and a 200-day moving average of $21.17.

HP (NYSE:HPQ) last posted its earnings results on Wednesday, May 27th. The computer maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. HP had a negative return on equity of 581.36% and a net margin of 4.45%.The company had revenue of $14.41 billion during the quarter, compared to the consensus estimate of $13.99 billion. During the same quarter last year, the firm earned $0.71 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. HP has set its FY 2026 guidance at 2.900-3.100 EPS and its Q3 2026 guidance at 0.610-0.710 EPS. On average, equities research analysts predict that HP Inc. will post 2.98 earnings per share for the current fiscal year.

HP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.20 annualized dividend and a yield of 4.6%. HP’s payout ratio is presently 44.28%.

HP Profile

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.