Oxford Asset Management LLP Takes $925,000 Position in HP Inc. (NYSE:HPQ)

Oxford Asset Management LLP bought a new stake in HP Inc. (NYSE:HPQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,337 shares of the computer maker’s stock, valued at approximately $925,000.

Several other institutional investors also recently modified their holdings of the stock. Synergy Asset Management LLC acquired a new position in HP during the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in HP during the 4th quarter worth $31,000. OFI Invest Asset Management acquired a new position in HP in the fourth quarter valued at about $37,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of HP during the fourth quarter worth about $50,000. Finally, Summit Securities Group LLC bought a new position in shares of HP during the 4th quarter valued at about $55,000. 77.53% of the stock is currently owned by institutional investors and hedge funds.

HP Stock Down 0.2 %

NYSE:HPQ opened at $25.28 on Friday. The firm has a market capitalization of $23.83 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 2.96 and a beta of 1.09. HP Inc. has a twelve month low of $21.21 and a twelve month high of $39.80. The stock’s 50-day simple moving average is $27.67 and its 200 day simple moving average is $32.36.

HP (NYSE:HPQ) last released its quarterly earnings data on Thursday, February 27th. The computer maker reported $0.74 earnings per share 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 company had revenue of $13.50 billion for the quarter, compared to the consensus estimate of $13.35 billion. On average, analysts anticipate that HP Inc. will post 3.56 EPS for the current fiscal year.

HP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.2894 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.58%. HP’s dividend payout ratio (DPR) is 41.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HPQ. TD Cowen lowered their price objective on shares of HP from $39.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, February 28th. Morgan Stanley decreased their price objective on HP from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Sanford C. Bernstein raised their price target on shares of HP from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. StockNews.com lowered shares of HP from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their target price on HP from $40.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.00.

Insider Activity at HP

In other HP news, insider Stephanie Liebman sold 15,646 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.00, for a total transaction of $453,734.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Anneliese Olson sold 21,545 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $28.49, for a total value of $613,817.05. Following the sale, the insider now owns 169 shares in the company, valued at approximately $4,814.81. The trade was a 99.22 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

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.