ScanSource, Inc. (NASDAQ:SCSC) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC increased its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,782 shares of the industrial products company’s stock after purchasing an additional 665 shares during the period. Sterling Capital Management LLC’s holdings in ScanSource were worth $464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SCSC. Jane Street Group LLC raised its holdings in shares of ScanSource by 6.2% in the third quarter. Jane Street Group LLC now owns 56,980 shares of the industrial products company’s stock valued at $2,737,000 after buying an additional 3,307 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in ScanSource by 42.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,047 shares of the industrial products company’s stock valued at $771,000 after acquiring an additional 4,780 shares during the period. Barclays PLC raised its stake in ScanSource by 97.9% during the 3rd quarter. Barclays PLC now owns 54,346 shares of the industrial products company’s stock valued at $2,610,000 after acquiring an additional 26,881 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in ScanSource during the 3rd quarter worth approximately $499,000. Finally, Franklin Resources Inc. grew its stake in shares of ScanSource by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 22,577 shares of the industrial products company’s stock valued at $1,093,000 after purchasing an additional 2,026 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other ScanSource news, CFO Stephen Jones sold 2,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $36.14, for a total transaction of $72,280.00. Following the sale, the chief financial officer now directly owns 69,816 shares in the company, valued at approximately $2,523,150.24. The trade was a 2.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael L. Baur sold 15,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $38.91, for a total transaction of $583,650.00. Following the completion of the transaction, the chief executive officer now owns 162,760 shares of the company’s stock, valued at $6,332,991.60. This represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,994 shares of company stock valued at $731,702 in the last three months. 4.20% of the stock is currently owned by company insiders.

ScanSource Price Performance

ScanSource stock opened at $31.74 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30. The stock has a market capitalization of $744.75 million, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. The business has a 50 day simple moving average of $34.81 and a 200-day simple moving average of $43.55. ScanSource, Inc. has a 12 month low of $28.75 and a 12 month high of $53.90.

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

ScanSource 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.