ScanSource, Inc. (NASDAQ:SCSC) CEO Sells $75,772.00 in Stock

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 1,994 shares of ScanSource stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.00, for a total value of $75,772.00. Following the sale, the chief executive officer now owns 142,760 shares of the company’s stock, valued at approximately $5,424,880. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

ScanSource Stock Down 2.2 %

SCSC stock opened at $37.12 on Thursday. ScanSource, Inc. has a 1-year low of $36.63 and a 1-year high of $53.90. The stock has a market cap of $870.84 million, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.16 and a beta of 1.43. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $47.64 and its 200 day moving average is $48.06.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.04). ScanSource had a return on equity of 8.55% and a net margin of 2.08%. During the same quarter in the prior year, the business posted $0.85 earnings per share. Sell-side analysts predict that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Institutional Investors Weigh In On ScanSource

Hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of ScanSource by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company’s stock valued at $131,828,000 after purchasing an additional 425,233 shares during the last quarter. Wasatch Advisors LP grew its position in ScanSource by 13.2% during the third quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company’s stock valued at $52,737,000 after acquiring an additional 127,883 shares during the last quarter. American Century Companies Inc. grew its position in ScanSource by 13.1% during the fourth quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company’s stock valued at $36,030,000 after acquiring an additional 87,721 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of ScanSource by 15.6% during the fourth quarter. JPMorgan Chase & Co. now owns 436,007 shares of the industrial products company’s stock worth $20,689,000 after acquiring an additional 58,927 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of ScanSource by 12.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 220,923 shares of the industrial products company’s stock worth $10,611,000 after acquiring an additional 24,264 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

ScanSource Company Profile

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. 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.