Alambic Investment Management buys $3,120,260 stake in HP Inc (HPQ)

HP Inc (HPQ) : Alambic Investment Management scooped up 200 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 218,200 shares of HP Inc which is valued at $3,120,260.HP Inc makes up approximately 0.70% of Alambic Investment Management’s portfolio.

Other Hedge Funds, Including , Mesirow Financial Investment Management – Equity Management sold out all of its stake in HPQ during the most recent quarter. The investment firm sold 58,871 shares of HPQ which is valued $841,855.Dekabank Deutsche Girozentrale boosted its stake in HPQ in the latest quarter, The investment management firm added 364,986 additional shares and now holds a total of 836,108 shares of HP Inc which is valued at $11,939,622. HP Inc makes up approx 0.13% of Dekabank Deutsche Girozentrale’s portfolio.Td Asset Management Inc boosted its stake in HPQ in the latest quarter, The investment management firm added 10,980 additional shares and now holds a total of 825,074 shares of HP Inc which is valued at $11,782,057. HP Inc makes up approx 0.02% of Td Asset Management Inc’s portfolio.Deroy Devereaux Private Investment Counsel Inc reduced its stake in HPQ by selling 11,018 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 649,004 shares of HPQ which is valued at $8,962,745. HP Inc makes up approx 1.16% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.Atria Investments boosted its stake in HPQ in the latest quarter, The investment management firm added 9,527 additional shares and now holds a total of 49,882 shares of HP Inc which is valued at $688,870. HP Inc makes up approx 0.07% of Atria Investments’s portfolio.

HP Inc opened for trading at $14.31 and hit $14.59 on the upside on Monday, eventually ending the session at $14.52, with a gain of 1.68% or 0.24 points. The heightened volatility saw the trading volume jump to 1,27,49,131 shares. Company has a market cap of $24,838 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.

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