Everence Capital Management Inc. Lowers Position in ScanSource, Inc. (NASDAQ:SCSC)

Everence Capital Management Inc. reduced its position in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 79.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,950 shares of the industrial products company's stock after selling 18,750 shares during the quarter. Everence Capital Management Inc.'s holdings in ScanSource were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC lifted its position in shares of ScanSource by 1.1% during the third quarter. Exchange Traded Concepts LLC now owns 20,387 shares of the industrial products company's stock valued at $979,000 after buying an additional 220 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of ScanSource by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 85,720 shares of the industrial products company's stock valued at $3,798,000 after purchasing an additional 264 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of ScanSource by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,440 shares of the industrial products company's stock worth $418,000 after purchasing an additional 308 shares in the last quarter. Martingale Asset Management L P grew its stake in ScanSource by 0.6% during the 3rd quarter. Martingale Asset Management L P now owns 58,169 shares of the industrial products company's stock worth $2,794,000 after buying an additional 340 shares during the last quarter. Finally, Quest Partners LLC increased 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 valued at $64,000 after buying an additional 395 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Brandy Ford sold 1,845 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total value of $91,106.10. Following the sale, the chief accounting officer now owns 9,506 shares in the company, valued at $469,406.28. This represents a 16.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael L. Baur sold 8,312 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $48.98, for a total transaction of $407,121.76. Following the transaction, the chief executive officer now owns 177,760 shares of the company's stock, valued at $8,706,684.80. This represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,855 shares of company stock worth $2,702,949 in the last 90 days. Insiders own 4.20% of the company's stock.

ScanSource Stock Down 0.3 %

NASDAQ SCSC traded down $0.16 during trading on Thursday, hitting $47.86. The company's stock had a trading volume of 140,447 shares, compared to its average volume of 166,349. ScanSource, Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $53.90. The company has a market cap of $1.14 billion, a PE ratio of 15.34, a P/E/G ratio of 1.50 and a beta of 1.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 1.27. The business's 50 day simple moving average is $49.56 and its 200-day simple moving average is $47.96.

ScanSource (NASDAQ:SCSC - Get Free Report) last released its earnings results on Thursday, November 7th. The industrial products company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.07. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The company had revenue of $775.58 million during the quarter, compared to analysts' expectations of $774.90 million. During the same period last year, the business earned $0.74 EPS. ScanSource's revenue for the quarter was down 11.5% on a year-over-year basis. On average, equities analysts anticipate that ScanSource, Inc. will post 3.51 EPS for the current fiscal 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.