119,847 Shares in ScanSource, Inc. (NASDAQ:SCSC) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in ScanSource, Inc. (NASDAQ:SCSC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 119,847 shares of the industrial products company's stock, valued at approximately $5,687,000. Raymond James Financial Inc. owned 0.51% of ScanSource at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new stake in ScanSource in the third quarter valued at about $35,000. Quest Partners LLC grew its position in ScanSource by 42.6% during the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company's stock worth $64,000 after acquiring an additional 395 shares during the last quarter. Systematic Financial Management LP acquired a new position in ScanSource in the 3rd quarter worth about $205,000. Versor Investments LP acquired a new position in ScanSource in the 4th quarter worth about $218,000. Finally, Bailard Inc. bought a new position in ScanSource in the 4th quarter valued at approximately $251,000. Institutional investors and hedge funds own 97.91% of the company's stock.

Insider Buying and Selling

In other news, CFO Stephen Jones sold 2,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 69,816 shares of the company's stock, valued at $2,523,150.24. This trade represents a 2.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael L. Baur sold 1,994 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.00, for a total transaction of $75,772.00. Following the transaction, the chief executive officer now owns 142,760 shares in the company, valued at $5,424,880. The trade was a 1.38 % 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 over the last 90 days. Company insiders own 4.20% of the company's stock.

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ScanSource Trading Down 0.9 %

NASDAQ:SCSC traded down $0.32 during mid-day trading on Thursday, hitting $35.44. 205,928 shares of the company's stock were exchanged, compared to its average volume of 222,069. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a fifty-two week low of $34.49 and a fifty-two week high of $53.90. The company has a 50 day simple moving average of $39.68 and a 200-day simple moving average of $45.43. The firm has a market capitalization of $831.56 million, a P/E ratio of 14.01, a PEG ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates 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 last year, the company posted $0.85 EPS. As a group, research analysts expect that ScanSource, Inc. will post 3.33 earnings per share for the current year.

About ScanSource

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.