Teacher Retirement System of Texas reduced its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 59.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,366 shares of the industrial products company's stock after selling 73,599 shares during the quarter. Teacher Retirement System of Texas owned 0.21% of ScanSource worth $2,342,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Sanctuary Advisors LLC lifted its holdings in shares of ScanSource by 3.5% in the fourth quarter. Sanctuary Advisors LLC now owns 10,103 shares of the industrial products company's stock worth $479,000 after acquiring an additional 338 shares during the last quarter. Martingale Asset Management L P increased its position in ScanSource by 0.6% during the 3rd quarter. Martingale Asset Management L P now owns 58,169 shares of the industrial products company's stock worth $2,794,000 after purchasing an additional 340 shares in the last quarter. Quest Partners LLC lifted its stake in ScanSource by 42.6% in the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 395 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of ScanSource during the third quarter worth $35,000. Finally, Picton Mahoney Asset Management increased its holdings in shares of 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 buying an additional 758 shares in the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.
ScanSource Price Performance
Shares of NASDAQ SCSC traded down $0.97 during mid-day trading on Friday, hitting $34.47. 242,404 shares of the stock traded hands, compared to its average volume of 229,111. ScanSource, Inc. has a twelve month low of $34.32 and a twelve month high of $53.90. The firm has a 50 day simple moving average of $39.36 and a two-hundred day simple moving average of $45.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30. The company has a market cap of $808.80 million, a PE ratio of 13.62, a price-to-earnings-growth 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 last year, the business earned $0.85 EPS. As a group, equities research analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.
Insiders Place Their Bets
In other ScanSource news, CFO Stephen Jones sold 2,000 shares of the company'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. The trade was a 2.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Michael L. Baur sold 1,994 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.00, for a total value of $75,772.00. Following the transaction, the chief executive officer now owns 142,760 shares of the company's stock, valued at $5,424,880. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,994 shares of company stock valued at $731,702 in the last ninety days. 4.20% of the stock is currently owned by insiders.
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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