ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) CFO Stephen Jones sold 2,000 shares of ScanSource stock in a transaction 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 directly owns 69,816 shares of the company's stock, valued at approximately $2,523,150.24. The trade was a 2.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
ScanSource Stock Down 2.7 %
Shares of NASDAQ SCSC traded down $0.97 during mid-day trading on Friday, reaching $34.47. 242,404 shares of the company's stock traded hands, compared to its average volume of 229,111. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30. The business has a 50-day simple moving average of $39.36 and a 200 day simple moving average of $45.36. The stock has a market cap of $808.80 million, a P/E ratio of 13.62, a PEG ratio of 1.14 and a beta of 1.41. ScanSource, Inc. has a 1-year low of $34.32 and a 1-year high of $53.90.
ScanSource (NASDAQ:SCSC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (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 expect that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.
Hedge Funds Weigh In On ScanSource
Large investors have recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC purchased a new stake in shares of ScanSource in the fourth quarter valued at about $78,694,000. Wasatch Advisors LP grew its position in ScanSource by 13.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company's stock worth $52,737,000 after purchasing an additional 127,883 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ScanSource in the 4th quarter valued at about $5,687,000. JPMorgan Chase & Co. lifted its position in shares of ScanSource by 31.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company's stock worth $18,111,000 after buying an additional 91,069 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of ScanSource by 13.1% in the 4th quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company's stock worth $36,030,000 after buying an additional 87,721 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.
ScanSource Company Profile
(
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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.
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