Vestcor Inc raised its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 656.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,994 shares of the industrial products company's stock after acquiring an additional 12,143 shares during the period. Vestcor Inc owned about 0.06% of ScanSource worth $664,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of ScanSource by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company's stock worth $131,828,000 after purchasing an additional 425,233 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of ScanSource by 13.2% in the third quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company's stock worth $52,737,000 after purchasing an additional 127,883 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of ScanSource in the fourth quarter worth approximately $5,687,000. JPMorgan Chase & Co. grew its holdings in shares of ScanSource by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company's stock worth $18,111,000 after purchasing an additional 91,069 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in ScanSource by 142.2% in the fourth quarter. Victory Capital Management Inc. now owns 119,599 shares of the industrial products company's stock worth $5,675,000 after acquiring an additional 70,228 shares during the period. 97.91% of the stock is currently owned by institutional investors.
Insider Buying and Selling at ScanSource
In other news, CEO Michael L. Baur sold 1,994 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $38.00, for a total transaction 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 $5,424,880. This trade represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.20% of the company's stock.
ScanSource Trading Down 1.4 %
SCSC stock traded down $0.52 on Thursday, reaching $36.65. The company's stock had a trading volume of 203,370 shares, compared to its average volume of 211,992. The business has a fifty day simple moving average of $41.19 and a two-hundred day simple moving average of $45.93. ScanSource, Inc. has a 12-month low of $35.05 and a 12-month high of $53.90. The firm has a market cap of $859.96 million, a PE ratio of 14.49, a PEG ratio of 1.14 and a beta of 1.41. 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 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 return on equity of 8.55% and a net margin of 2.08%. During the same period in the previous year, the business posted $0.85 earnings per share. As a group, research analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current year.
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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