12,500 Shares in ScanSource, Inc. (NASDAQ:SCSC) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of ScanSource, Inc. (NASDAQ:SCSC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,500 shares of the industrial products company’s stock, valued at approximately $495,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gladius Capital Management LP acquired a new position in ScanSource during the third quarter worth about $36,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in ScanSource by 23.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 1,034 shares during the last quarter. Bailard Inc. acquired a new position in ScanSource during the third quarter worth about $215,000. EMC Capital Management boosted its position in ScanSource by 3,872.8% during the third quarter. EMC Capital Management now owns 7,151 shares of the industrial products company’s stock worth $217,000 after acquiring an additional 6,971 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in ScanSource by 45.9% in the 3rd quarter. Mackenzie Financial Corp now owns 11,138 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 3,506 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

ScanSource Stock Performance

NASDAQ:SCSC opened at $42.40 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.30 and a quick ratio of 1.36. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.24 and a beta of 1.51. The company’s 50-day moving average is $42.35 and its two-hundred day moving average is $38.18. ScanSource, Inc. has a 1-year low of $26.14 and a 1-year high of $45.10.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data 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). The business had revenue of $884.79 million during the quarter, compared to analysts’ expectations of $943.10 million. ScanSource had a return on equity of 9.18% and a net margin of 2.45%. The company’s revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 earnings per share. Analysts forecast that ScanSource, Inc. will post 3.39 EPS for the current year.

ScanSource Company Profile

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.