ScanSource, Inc. (NASDAQ:SCSC) Position Boosted by Invesco Ltd.

Invesco Ltd. increased its holdings in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 618,099 shares of the industrial products company's stock after purchasing an additional 14,669 shares during the period. Invesco Ltd. owned 2.63% of ScanSource worth $29,329,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its holdings in ScanSource by 3.5% in the fourth quarter. Sanctuary Advisors LLC now owns 10,103 shares of the industrial products company's stock valued at $479,000 after buying an additional 338 shares during the last quarter. Brandywine Global Investment Management LLC grew its position in shares of ScanSource by 0.7% in the 4th 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. Picton Mahoney Asset Management increased its holdings in shares of ScanSource by 50.9% in the 4th quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company's stock valued at $106,000 after acquiring an additional 758 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of ScanSource by 11.5% during the 4th quarter. New York State Common Retirement Fund now owns 8,596 shares of the industrial products company's stock valued at $408,000 after acquiring an additional 887 shares in the last quarter. Finally, Seizert Capital Partners LLC lifted its stake in ScanSource by 16.5% during the fourth quarter. Seizert Capital Partners LLC now owns 6,599 shares of the industrial products company's stock worth $313,000 after purchasing an additional 934 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

ScanSource Stock Performance

ScanSource stock traded up $1.14 during mid-day trading on Wednesday, reaching $32.63. The company's stock had a trading volume of 11,100 shares, compared to its average volume of 232,160. The firm has a market cap of $765.63 million, a price-to-earnings ratio of 12.90, a PEG ratio of 1.14 and a beta of 1.34. ScanSource, Inc. has a twelve month low of $28.75 and a twelve month high of $53.90. The business has a 50 day moving average price of $34.57 and a 200-day moving average price of $43.32. 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 (NASDAQ:SCSC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate 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 last year, the business earned $0.85 earnings per share. Sell-side analysts predict that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Insider Activity

In other news, CFO Stephen Jones sold 2,000 shares of the business's 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 transaction, the chief financial officer now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael L. Baur sold 15,000 shares of the company's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $38.91, for a total transaction of $583,650.00. Following the transaction, the chief executive officer now owns 162,760 shares of the company's stock, valued at $6,332,991.60. This represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,994 shares of company stock valued at $731,702. 4.20% of the stock is currently owned by insiders.

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.