ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) shares traded down 2.9% on Friday . The stock traded as low as $47.97 and last traded at $48.13. 189,020 shares traded hands during trading, a decline of 9% from the average session volume of 208,696 shares. The stock had previously closed at $49.55.
ScanSource Price Performance
The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 1.27. The company has a 50-day simple moving average of $49.33 and a two-hundred day simple moving average of $47.72.
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. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The firm had revenue of $775.58 million during the quarter, compared to analyst estimates of $774.90 million. During the same period in the previous year, the business posted $0.74 EPS. ScanSource's revenue was down 11.5% on a year-over-year basis. On average, equities research analysts predict that ScanSource, Inc. will post 3.51 earnings per share for the current year.
Insider Buying and Selling
In other ScanSource news, CAO Brandy Ford sold 1,845 shares of the business's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $49.38, for a total transaction of $91,106.10. Following the completion of the transaction, the chief accounting officer now owns 9,506 shares in the company, valued at approximately $469,406.28. The trade was a 16.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael L. Baur sold 8,312 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $48.98, for a total value of $407,121.76. Following the completion of the transaction, the chief executive officer now directly owns 177,760 shares of the company's stock, valued at approximately $8,706,684.80. The trade was a 4.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,855 shares of company stock valued at $2,702,949 in the last three months. 4.20% of the stock is currently owned by corporate insiders.
Institutional Trading of ScanSource
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 272 Capital LP bought a new position in shares of ScanSource in the third quarter valued at approximately $432,000. Franklin Resources Inc. boosted its stake in ScanSource by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 22,577 shares of the industrial products company's stock valued at $1,093,000 after purchasing an additional 2,026 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of ScanSource during the 3rd quarter valued at $499,000. Barclays PLC raised its stake in shares of ScanSource by 97.9% in the 3rd quarter. Barclays PLC now owns 54,346 shares of the industrial products company's stock worth $2,610,000 after buying an additional 26,881 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of ScanSource by 42.4% in the third quarter. Public Employees Retirement System of Ohio now owns 16,047 shares of the industrial products company's stock valued at $771,000 after buying an additional 4,780 shares during the period. 97.91% of the stock is currently owned by institutional investors.
ScanSource Company Profile
(
Get 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.
Further Reading
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