Victory Capital Management Inc. Purchases 70,228 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Victory Capital Management Inc. boosted its position in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 142.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 119,599 shares of the industrial products company's stock after purchasing an additional 70,228 shares during the quarter. Victory Capital Management Inc. owned about 0.51% of ScanSource worth $5,675,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in ScanSource by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company's stock worth $131,828,000 after buying an additional 425,233 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of ScanSource by 13.2% during the third quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company's stock valued at $52,737,000 after purchasing an additional 127,883 shares during the last quarter. JPMorgan Chase & Co. lifted its position in ScanSource by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company's stock valued at $18,111,000 after purchasing an additional 91,069 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in ScanSource by 12.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 220,923 shares of the industrial products company's stock worth $10,611,000 after purchasing an additional 24,264 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in ScanSource by 1.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 194,809 shares of the industrial products company's stock worth $9,357,000 after purchasing an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

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Insider Transactions at ScanSource

In related news, CAO Brandy Ford sold 1,845 shares of ScanSource stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $49.38, for a total transaction of $91,106.10. Following the sale, the chief accounting officer now owns 9,506 shares of the company's stock, valued at approximately $469,406.28. This trade represents a 16.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael L. Baur sold 1,994 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was 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 owns 142,760 shares of the company's stock, valued at $5,424,880. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,839 shares of company stock valued at $750,528 over the last three months. Corporate insiders own 4.20% of the company's stock.

ScanSource Stock Performance

SCSC traded up $0.47 during mid-day trading on Wednesday, reaching $37.18. 124,498 shares of the company traded hands, compared to its average volume of 211,590. The stock has a market capitalization of $872.46 million, a P/E ratio of 14.70, a P/E/G ratio of 1.14 and a beta of 1.41. ScanSource, Inc. has a 52-week low of $35.05 and a 52-week high of $53.90. 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 company's fifty day moving average price is $41.40 and its 200-day moving average price is $45.99.

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 return on equity of 8.55% and a net margin of 2.08%. During the same period in the previous year, the business earned $0.85 earnings per share. On average, sell-side analysts expect that ScanSource, Inc. will post 3.33 EPS for the current year.

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.