Sei Investments Co. Acquires 12,216 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Sei Investments Co. increased its stake in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 0.39% of ScanSource worth $4,373,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of ScanSource during the fourth quarter worth approximately $5,687,000. JPMorgan Chase & Co. grew its holdings in ScanSource by 31.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company's stock worth $18,111,000 after acquiring an additional 91,069 shares during the period. American Century Companies Inc. raised its position in shares of ScanSource by 13.1% during 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 acquiring an additional 87,721 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of ScanSource by 142.2% in the 4th quarter. Victory Capital Management Inc. now owns 119,599 shares of the industrial products company's stock valued at $5,675,000 after purchasing an additional 70,228 shares during the period. Finally, Barclays PLC boosted its position 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 purchasing an additional 26,881 shares during the last quarter. Institutional investors own 97.91% of the company's stock.

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ScanSource Trading Down 4.2 %

NASDAQ SCSC traded down $1.32 on Friday, reaching $30.27. The company had a trading volume of 299,814 shares, compared to its average volume of 231,803. ScanSource, Inc. has a 52 week low of $29.55 and a 52 week high of $53.90. The stock's 50 day moving average is $37.53 and its 200-day moving average is $44.91. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The stock has a market cap of $710.26 million, a price-to-earnings ratio of 11.96, a PEG ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC - Get Free Report) last announced its quarterly earnings results 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 in the prior year, the firm earned $0.85 earnings per share. Equities analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current year.

Insider Activity

In related news, CFO Stephen Jones sold 2,000 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $36.14, for a total value of $72,280.00. Following the completion of the transaction, the chief financial officer now directly owns 69,816 shares in the company, valued at approximately $2,523,150.24. The trade was a 2.78 % decrease in their position. 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 the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $38.91, for a total transaction of $583,650.00. Following the sale, the chief executive officer now owns 162,760 shares in the company, valued at $6,332,991.60. This trade represents a 8.44 % 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 quarter. Company insiders own 4.20% of the company's stock.

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.