Sei Investments Co. Has $4.37 Million Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Sei Investments Co. boosted its position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 92,159 shares of the industrial products company's stock after purchasing an additional 12,216 shares during the period. Sei Investments Co. owned about 0.39% of ScanSource worth $4,373,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Point72 DIFC Ltd acquired a new stake in shares of ScanSource in the third quarter valued at approximately $35,000. Picton Mahoney Asset Management boosted its position in ScanSource by 50.9% during the fourth quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company's stock worth $106,000 after purchasing an additional 758 shares during the period. Systematic Financial Management LP acquired a new position in shares of ScanSource in the third quarter valued at $205,000. Versor Investments LP bought a new stake in shares of ScanSource during the 4th quarter worth about $218,000. Finally, AlphaQuest LLC lifted its position in ScanSource by 252.4% during the fourth quarter. AlphaQuest LLC now owns 4,662 shares of the industrial products company's stock worth $221,000 after acquiring an additional 3,339 shares during the last quarter. Institutional investors own 97.91% of the company's stock.

ScanSource Stock Performance

Shares of NASDAQ:SCSC traded down $0.17 during trading on Monday, reaching $30.10. 339,340 shares of the stock were exchanged, compared to its average volume of 232,336. ScanSource, Inc. has a 12 month low of $28.63 and a 12 month high of $53.90. The stock has a 50-day moving average price of $37.12 and a 200-day moving average price of $44.74. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market cap of $706.27 million, a PE ratio of 11.90, a PEG ratio of 1.14 and a beta of 1.34.

ScanSource (NASDAQ:SCSC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 EPS 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 last year, the business earned $0.85 earnings per share. Research analysts expect that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Stephen Jones sold 2,000 shares of the firm's 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 transaction, the chief financial officer now directly owns 69,816 shares of the company's stock, valued at approximately $2,523,150.24. This trade represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $583,650.00. Following the completion of the sale, the chief executive officer now owns 162,760 shares of the company's stock, valued at approximately $6,332,991.60. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,994 shares of company stock valued at $731,702. 4.20% of the stock is owned by company insiders.

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.