Vanguard Group Inc. Sells 33,412 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Vanguard Group Inc. lowered its position in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,023,342 shares of the industrial products company's stock after selling 33,412 shares during the quarter. Vanguard Group Inc. owned 12.89% of ScanSource worth $143,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 DIFC Ltd bought a new stake in ScanSource during the third quarter worth $35,000. Picton Mahoney Asset Management raised its stake in shares of ScanSource by 50.9% during the 4th 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. KLP Kapitalforvaltning AS purchased a new position in shares of ScanSource in the 4th quarter worth about $204,000. Versor Investments LP bought a new position in ScanSource during the fourth quarter valued at about $218,000. Finally, AlphaQuest LLC increased its holdings 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 buying an additional 3,339 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

ScanSource Stock Performance

SCSC stock traded up $0.20 during mid-day trading on Friday, hitting $31.23. The company had a trading volume of 189,193 shares, compared to its average volume of 233,318. ScanSource, Inc. has a 12 month low of $28.75 and a 12 month high of $53.90. The stock's fifty day moving average price is $35.53 and its two-hundred day moving average price is $44.08. The firm has a market cap of $732.78 million, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11.

ScanSource (NASDAQ:SCSC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate 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 previous year, the company posted $0.85 earnings per share. On average, analysts forecast that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael L. Baur sold 1,994 shares of ScanSource stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $38.00, for a total value of $75,772.00. Following the completion of the transaction, the chief executive officer now directly owns 142,760 shares in the company, valued at approximately $5,424,880. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen Jones sold 2,000 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 69,816 shares in the company, valued at $2,523,150.24. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,994 shares of company stock valued at $731,702. 4.20% of the stock is owned by insiders.

About ScanSource

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.