American Century Companies Inc. Boosts Stake in ScanSource, Inc. (NASDAQ:SCSC)

American Century Companies Inc. lifted its position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 759,318 shares of the industrial products company's stock after purchasing an additional 87,721 shares during the period. American Century Companies Inc. owned about 3.24% of ScanSource worth $36,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC boosted its stake in shares of 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 in the last quarter. Intech Investment Management LLC purchased a new position in ScanSource during the third quarter worth approximately $337,000. The Manufacturers Life Insurance Company grew its holdings in ScanSource by 26.0% in the third quarter. The Manufacturers Life Insurance Company now owns 11,899 shares of the industrial products company's stock valued at $572,000 after purchasing an additional 2,459 shares during the period. Martingale Asset Management L P increased its position in shares of ScanSource by 0.6% in the third quarter. Martingale Asset Management L P now owns 58,169 shares of the industrial products company's stock valued at $2,794,000 after buying an additional 340 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of ScanSource in the third quarter valued at approximately $1,042,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

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

ScanSource Price Performance

Shares of NASDAQ:SCSC traded up $0.46 during midday trading on Wednesday, reaching $34.25. 151,830 shares of the company's stock traded hands, compared to its average volume of 230,313. The company has a market cap of $803.64 million, a P/E ratio of 13.54, a PEG ratio of 1.14 and a beta of 1.41. The company has a fifty day simple moving average of $38.33 and a two-hundred day simple moving average of $45.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. ScanSource, Inc. has a 1 year low of $33.22 and a 1 year high of $53.90.

ScanSource (NASDAQ:SCSC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) 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 earned $0.85 EPS. Equities analysts predict that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

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.