ScanSource, Inc. (NASDAQ:SCSC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 567,142 shares of the industrial products company's stock after selling 17,930 shares during the quarter. Geode Capital Management LLC owned 2.42% of ScanSource worth $26,916,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of ScanSource by 15.3% in the fourth quarter. Franklin Resources Inc. now owns 26,037 shares of the industrial products company's stock valued at $1,235,000 after buying an additional 3,460 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in ScanSource by 27.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 100,655 shares of the industrial products company's stock worth $4,776,000 after buying an additional 21,761 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in shares of ScanSource by 0.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 80,908 shares of the industrial products company's stock worth $3,839,000 after acquiring an additional 538 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of ScanSource during the fourth quarter worth $64,000. Finally, Norges Bank purchased a new position in ScanSource in the fourth quarter valued at $4,137,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other ScanSource news, CEO Michael L. Baur sold 1,994 shares of the company'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 completion of the transaction, the chief executive officer now owns 142,760 shares in the company, valued at approximately $5,424,880. This represents a 1.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen Jones sold 2,000 shares of the business's stock in a transaction dated 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 owns 69,816 shares in the company, valued at approximately $2,523,150.24. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,994 shares of company stock valued at $731,702 in the last ninety days. 4.20% of the stock is currently owned by company insiders.

ScanSource Stock Up 0.1 %

SCSC stock traded up $0.04 during trading on Tuesday, hitting $31.26. 67,469 shares of the company's stock were exchanged, compared to its average volume of 232,591. The stock has a market capitalization of $733.48 million, a price-to-earnings ratio of 12.34, a PEG ratio of 1.14 and a beta of 1.34. 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 52-week low of $28.75 and a 52-week high of $53.90. The business has a 50-day moving average price of $34.69 and a two-hundred day moving average price of $43.40.

ScanSource (NASDAQ:SCSC - Get Free Report) last announced its quarterly 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 in the previous year, the firm earned $0.85 earnings per share. As a group, equities research analysts expect that ScanSource, Inc. will post 3.33 EPS 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.