O Shaughnessy Asset Management LLC grew its stake in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 27.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.43% of ScanSource worth $4,776,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in ScanSource by 13.1% in the 4th quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company's stock valued at $36,030,000 after buying an additional 87,721 shares during the last quarter. JPMorgan Chase & Co. increased its position in ScanSource by 15.6% during the fourth quarter. JPMorgan Chase & Co. now owns 436,007 shares of the industrial products company's stock worth $20,689,000 after acquiring an additional 58,927 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in ScanSource by 12.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 220,923 shares of the industrial products company's stock worth $10,611,000 after purchasing an additional 24,264 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in ScanSource by 1.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 194,809 shares of the industrial products company's stock valued at $9,357,000 after purchasing an additional 2,300 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of ScanSource by 5.1% during the fourth quarter. Empowered Funds LLC now owns 136,305 shares of the industrial products company's stock worth $6,468,000 after purchasing an additional 6,592 shares during the period. Institutional investors and hedge funds own 97.91% of the company's stock.
ScanSource Price Performance
Shares of NASDAQ SCSC traded down $1.32 during midday trading on Friday, reaching $30.27. The company's stock had a trading volume of 299,814 shares, compared to its average volume of 231,803. 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 company has a market cap of $710.26 million, a P/E ratio of 11.96, a P/E/G ratio of 1.14 and a beta of 1.41. The business's 50 day moving average price is $37.53 and its two-hundred day moving average price is $44.91. ScanSource, Inc. has a fifty-two week low of $29.55 and a fifty-two week high of $53.90.
ScanSource (NASDAQ:SCSC - Get Free Report) last released its 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 period in the prior year, the company earned $0.85 EPS. On average, analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.
Insider Activity at ScanSource
In other news, CEO Michael L. Baur sold 1,994 shares of ScanSource stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.00, for a total transaction of $75,772.00. Following the sale, the chief executive officer now directly owns 142,760 shares of the company's stock, valued at approximately $5,424,880. This trade represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 value of $72,280.00. Following the sale, 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 sold a total of 18,994 shares of company stock valued at $731,702 in the last quarter. Insiders own 4.20% of the company's stock.
About ScanSource
(
Free Report)
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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