Integrated Quantitative Investments LLC Takes $1.39 Million Position in ScanSource, Inc. (NASDAQ:SCSC)

Integrated Quantitative Investments LLC acquired a new position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 29,228 shares of the industrial products company's stock, valued at approximately $1,387,000. ScanSource makes up approximately 0.7% of Integrated Quantitative Investments LLC's holdings, making the stock its 21st biggest position. Integrated Quantitative Investments LLC owned about 0.12% of ScanSource at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. grew its stake 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 valued at $18,111,000 after purchasing an additional 91,069 shares during the period. Franklin Resources Inc. raised its position in ScanSource by 9.9% in the third quarter. Franklin Resources Inc. now owns 22,577 shares of the industrial products company's stock worth $1,093,000 after acquiring an additional 2,026 shares during the period. Barclays PLC grew its position in shares of ScanSource by 97.9% during the 3rd quarter. Barclays PLC now owns 54,346 shares of the industrial products company's stock valued at $2,610,000 after acquiring an additional 26,881 shares during the period. Allspring Global Investments Holdings LLC bought a new position in ScanSource in the 4th quarter worth $807,000. Finally, The Manufacturers Life Insurance Company lifted its position in ScanSource by 26.0% during 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 in the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

Insider Activity at ScanSource

In related news, CFO Stephen Jones sold 2,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 69,816 shares of the company's stock, valued at approximately $2,523,150.24. This represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael L. Baur sold 15,000 shares of ScanSource stock in a transaction that occurred on Thursday, February 6th. The stock was 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 in the company, valued at approximately $6,332,991.60. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,994 shares of company stock valued at $731,702. 4.20% of the stock is owned by company insiders.

ScanSource Stock Performance

Shares of NASDAQ SCSC traded up $0.76 during trading on Wednesday, hitting $30.39. The company had a trading volume of 94,751 shares, compared to its average volume of 265,595. ScanSource, Inc. has a 12 month low of $28.75 and a 12 month high of $53.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. The firm has a market capitalization of $712.98 million, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. The stock has a 50 day simple moving average of $36.29 and a 200 day simple moving average of $44.50.

ScanSource (NASDAQ:SCSC - Get Free Report) last released its earnings results 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 return on equity of 8.55% and a net margin of 2.08%. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, analysts anticipate that ScanSource, Inc. will post 3.33 earnings per share for the current 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.