Barclays PLC Has $2.61 Million Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Barclays PLC raised its holdings in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 97.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,346 shares of the industrial products company's stock after acquiring an additional 26,881 shares during the quarter. Barclays PLC owned about 0.23% of ScanSource worth $2,610,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in ScanSource during the third quarter worth $30,000. Point72 DIFC Ltd acquired a new position in shares of ScanSource during the 3rd quarter valued at about $35,000. nVerses Capital LLC acquired a new position in shares of ScanSource during the 2nd quarter valued at about $40,000. Quest Partners LLC bought a new position in shares of ScanSource in the 2nd quarter valued at approximately $41,000. Finally, KBC Group NV lifted its holdings in ScanSource by 59.9% in the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company's stock worth $57,000 after purchasing an additional 443 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

Insider Transactions at ScanSource

In other ScanSource news, CAO Brandy Ford sold 1,845 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total value of $91,106.10. Following the completion of the sale, the chief accounting officer now directly owns 9,506 shares of the company's stock, valued at $469,406.28. This represents a 16.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael L. Baur sold 15,081 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $49.57, for a total transaction of $747,565.17. Following the transaction, the chief executive officer now owns 177,760 shares in the company, valued at approximately $8,811,563.20. The trade was a 7.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,855 shares of company stock worth $2,702,949. Company insiders own 4.20% of the company's stock.

ScanSource Stock Performance

SCSC stock traded up $0.56 during midday trading on Wednesday, hitting $48.57. 106,266 shares of the company traded hands, compared to its average volume of 215,665. ScanSource, Inc. has a twelve month low of $31.01 and a twelve month high of $53.90. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44. The company has a quick ratio of 1.27, a current ratio of 2.03 and a debt-to-equity ratio of 0.15. The business has a 50 day simple moving average of $49.30 and a 200-day simple moving average of $47.76.

ScanSource (NASDAQ:SCSC - Get Free Report) last posted its earnings results on Thursday, November 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. The business had revenue of $775.58 million for the quarter, compared to analyst estimates of $774.90 million. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. ScanSource's revenue was down 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. As a group, equities research analysts predict that ScanSource, Inc. will post 3.51 earnings per share for the current year.

About ScanSource

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.