ScanSource, Inc. (NASDAQ:SCSC) EVP Sells $164,807.82 in Stock

ScanSource, Inc. (NASDAQ:SCSCGet Free Report) EVP Rachel Hayden sold 3,582 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $46.01, for a total value of $164,807.82. Following the completion of the transaction, the executive vice president now owns 18,318 shares of the company’s stock, valued at approximately $842,811.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

ScanSource Price Performance

NASDAQ SCSC opened at $45.24 on Friday. ScanSource, Inc. has a one year low of $26.99 and a one year high of $50.95. The stock has a 50-day moving average of $45.04 and a 200 day moving average of $41.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 2.20. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.37 and a beta of 1.47.

ScanSource (NASDAQ:SCSCGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.15). The company had revenue of $752.60 million during the quarter, compared to the consensus estimate of $822.10 million. ScanSource had a return on equity of 8.28% and a net margin of 2.31%. The business’s revenue was down 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, sell-side analysts forecast that ScanSource, Inc. will post 3.31 EPS for the current year.

Institutional Investors Weigh In On ScanSource

A number of hedge funds have recently added to or reduced their stakes in the stock. EMC Capital Management grew its holdings in shares of ScanSource by 3.5% in the first quarter. EMC Capital Management now owns 7,398 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 247 shares during the period. Price T Rowe Associates Inc. MD boosted its position in ScanSource by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,572 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 813 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of ScanSource by 10.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 21,862 shares of the industrial products company’s stock valued at $962,000 after purchasing an additional 2,011 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of ScanSource during the 1st quarter valued at about $1,651,000. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of ScanSource by 8.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 86,206 shares of the industrial products company’s stock worth $3,797,000 after purchasing an additional 6,700 shares during the period. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

ScanSource Company Profile

(Get Free Report)

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.

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Insider Buying and Selling by Quarter for ScanSource (NASDAQ:SCSC)

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