Charles Schwab Investment Management Inc. Has $15.13 Million Stock Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Charles Schwab Investment Management Inc. reduced its position in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 24.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 318,954 shares of the industrial products company's stock after selling 105,480 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.36% of ScanSource worth $15,134,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SCSC. Point72 DIFC Ltd acquired a new stake in shares of ScanSource in the third quarter valued at $35,000. KBC Group NV raised its position in ScanSource by 59.9% in the third quarter. KBC Group NV now owns 1,182 shares of the industrial products company's stock worth $57,000 after acquiring an additional 443 shares in the last quarter. Quest Partners LLC lifted its holdings in ScanSource by 42.6% in the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 395 shares during the last quarter. Systematic Financial Management LP bought a new position in shares of ScanSource during the 3rd quarter valued at about $205,000. Finally, Versor Investments LP acquired a new position in shares of ScanSource in the 4th quarter worth approximately $218,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 1,994 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.00, for a total transaction of $75,772.00. Following the completion of the sale, the chief executive officer now directly owns 142,760 shares of the company's stock, valued at approximately $5,424,880. This represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

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ScanSource Price Performance

SCSC stock traded up $1.59 on Monday, hitting $36.92. 350,120 shares of the company's stock traded hands, compared to its average volume of 220,911. The stock has a market cap of $866.29 million, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.14 and a beta of 1.41. ScanSource, Inc. has a 1-year low of $34.49 and a 1-year high of $53.90. 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 stock has a fifty day moving average of $40.73 and a 200-day moving average of $45.72.

ScanSource (NASDAQ:SCSC - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.08% and a return on equity of 8.55%. During the same period last year, the company posted $0.85 EPS. On average, analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current fiscal 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.