ScanSource, Inc. (NASDAQ:SCSC) Shares Sold by Strs Ohio

Strs Ohio lessened its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 18.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,700 shares of the industrial products company’s stock after selling 4,100 shares during the period. Strs Ohio’s holdings in ScanSource were worth $701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pzena Investment Management LLC grew its position in shares of ScanSource by 7.2% during the third quarter. Pzena Investment Management LLC now owns 1,804,048 shares of the industrial products company’s stock worth $54,681,000 after buying an additional 120,721 shares in the last quarter. Invesco Ltd. increased its holdings in ScanSource by 3.8% in the third quarter. Invesco Ltd. now owns 646,495 shares of the industrial products company’s stock valued at $19,595,000 after buying an additional 23,807 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in ScanSource by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 620,761 shares of the industrial products company’s stock valued at $18,815,000 after buying an additional 23,343 shares in the last quarter. Pacer Advisors Inc. bought a new position in ScanSource during the 4th quarter worth approximately $23,236,000. Finally, Assenagon Asset Management S.A. grew its position in shares of ScanSource by 90.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 242,619 shares of the industrial products company’s stock worth $7,354,000 after acquiring an additional 115,495 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

ScanSource Price Performance

Shares of NASDAQ SCSC opened at $41.90 on Friday. The business has a 50 day simple moving average of $42.37 and a 200-day simple moving average of $38.01. ScanSource, Inc. has a twelve month low of $26.14 and a twelve month high of $45.10. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17.

ScanSource (NASDAQ:SCSC) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.14). ScanSource had a net margin of 2.45% and a return on equity of 9.18%. The business had revenue of $884.79 million for the quarter, compared to the consensus estimate of $943.10 million. During the same quarter in the previous year, the firm earned $1.06 EPS. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, equities research analysts expect that ScanSource, Inc. will post 3.39 earnings per share for the current year.

About ScanSource

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. 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.