UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 10,472 Shares of ScanSource, Inc. (NASDAQ:SCSC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 21.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,533 shares of the industrial products company's stock after selling 10,472 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of ScanSource worth $1,851,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CWM LLC lifted its holdings in ScanSource by 164.1% during the second quarter. CWM LLC now owns 647 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 402 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of ScanSource in the third quarter valued at approximately $30,000. nVerses Capital LLC purchased a new stake in shares of ScanSource during the 2nd quarter valued at approximately $40,000. Quest Partners LLC bought a new position in ScanSource in the 2nd quarter worth approximately $41,000. Finally, KBC Group NV grew its stake in ScanSource by 59.9% in the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company's stock valued at $57,000 after buying an additional 443 shares in the last quarter. Institutional investors own 97.91% of the company's stock.

ScanSource Stock Performance

SCSC stock traded up $0.43 during midday trading on Monday, reaching $52.96. 194,804 shares of the company's stock traded hands, compared to its average volume of 208,195. The firm has a market capitalization of $1.26 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44. The company has a 50-day moving average price of $49.10 and a two-hundred day moving average price of $47.63. ScanSource, Inc. has a 52 week low of $31.01 and a 52 week high of $53.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03.

ScanSource (NASDAQ:SCSC - Get Free Report) last released its quarterly earnings data 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 return on equity of 8.53% and a net margin of 2.49%. The company had revenue of $775.58 million for the quarter, compared to analyst estimates of $774.90 million. During the same period in the previous year, the company posted $0.74 EPS. The firm's revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, equities analysts anticipate that ScanSource, Inc. will post 3.51 EPS for the current year.

Insider Transactions at ScanSource

In related news, CEO Michael L. Baur sold 15,081 shares of the company's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $49.57, for a total transaction of $747,565.17. Following the sale, the chief executive officer now owns 177,760 shares of the company's stock, valued at approximately $8,811,563.20. This represents a 7.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 53,010 shares of company stock valued at $2,611,843. 4.20% of the stock is currently owned by corporate insiders.

ScanSource 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.