Newsquare Capital buys $865,212 stake in HP Inc (HPQ)

HP Inc (HPQ) : Newsquare Capital scooped up 9,743 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 61,845 shares of HP Inc which is valued at $865,212.HP Inc makes up approximately 0.20% of Newsquare Capital’s portfolio.

Other Hedge Funds, Including , Financial Architects Inc boosted its stake in HPQ in the latest quarter, The investment management firm added 395 additional shares and now holds a total of 873 shares of HP Inc which is valued at $12,213.Ls Investment Advisors boosted its stake in HPQ in the latest quarter, The investment management firm added 5,649 additional shares and now holds a total of 67,830 shares of HP Inc which is valued at $957,081. HP Inc makes up approx 0.06% of Ls Investment Advisors’s portfolio.Bremer Trust National Association reduced its stake in HPQ by selling 1,227 shares or 7.87% in the most recent quarter. The Hedge Fund company now holds 14,359 shares of HPQ which is valued at $202,605. HP Inc makes up approx 0.05% of Bremer Trust National Association’s portfolio.Regentatlantic Capital boosted its stake in HPQ in the latest quarter, The investment management firm added 3,654 additional shares and now holds a total of 128,531 shares of HP Inc which is valued at $1,819,999. HP Inc makes up approx 0.17% of Regentatlantic Capital’s portfolio.Next Financial Group Inc boosted its stake in HPQ in the latest quarter, The investment management firm added 1,909 additional shares and now holds a total of 12,094 shares of HP Inc which is valued at $158,190. HP Inc makes up approx 0.05% of Next Financial Group Inc’s portfolio.

HP Inc opened for trading at $13.91 and hit $14.13 on the upside on Friday, eventually ending the session at $14.01, with a gain of 0.50% or 0.07 points. The heightened volatility saw the trading volume jump to 1,57,59,079 shares. Company has a market cap of $23,966 M.

On the company’s financial health, HP Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 25, 2016. Analyst had a consensus of $0.38. The company had revenue of $11588.00 million for the quarter, compared to analysts expectations of $11708.63 million. The company’s revenue was down -10.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.87 EPS.

Investors should note that on Jul 20, 2016, HP Inc announced a cash dividend of $0.1240. The company’s management has announced Sep 12, 2016 as the ex-dividend date and fixed the record date on Sep 14, 2016. The payable date has been fixed on Oct 5, 2016.

HP Inc. formerly Hewlett-Packard Company is a provider of products technologies software solutions and services to individual consumers small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems Printing the Enterprise Group Enterprise Services Software HP Financial Services and Corporate Investments. It offers personal computing and other access devices; imaging and printing related products and services; enterprise information technology (IT) infrastructure including enterprise server and storage technology networking products and solutions technology support and maintenance; multi-vendor customer services including technology consulting outsourcing and support services across infrastructure applications and business process domains and software products and solution including application testing and delivery software big data analytics information governance and IT Operations Management.

Leave a Reply

HP Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on HP Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.