O Shaughnessy Asset Management LLC Increases Stock Holdings in ScanSource, Inc. (NASDAQ:SCSC)

O Shaughnessy Asset Management LLC raised its position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,655 shares of the industrial products company's stock after purchasing an additional 21,761 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.43% of ScanSource worth $4,776,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new stake in shares of ScanSource in the third quarter valued at $35,000. New Age Alpha Advisors LLC acquired a new position in ScanSource in the 4th quarter valued at about $64,000. Picton Mahoney Asset Management grew its position in 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in ScanSource during the fourth quarter worth about $126,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of ScanSource during the fourth quarter worth about $204,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Michael L. Baur sold 15,000 shares of ScanSource stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $38.91, for a total value of $583,650.00. Following the completion of the transaction, the chief executive officer now owns 162,760 shares in the company, valued at $6,332,991.60. The trade was a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen Jones sold 2,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $2,523,150.24. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,994 shares of company stock valued at $731,702 in the last three months. 4.20% of the stock is owned by corporate insiders.

ScanSource Stock Down 0.6 %

Shares of SCSC stock traded down $0.17 during trading on Monday, reaching $30.10. The company's stock had a trading volume of 339,340 shares, compared to its average volume of 232,336. ScanSource, Inc. has a 1-year low of $28.75 and a 1-year high of $53.90. The stock's 50-day moving average price is $37.12 and its 200 day moving average price is $44.74. The company has a market capitalization of $706.27 million, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.14 and a beta of 1.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30.

ScanSource (NASDAQ:SCSC - Get Free Report) last issued 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 in the previous year, the firm posted $0.85 earnings per share. On average, research analysts anticipate that ScanSource, Inc. will post 3.33 EPS 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.