ScanSource, Inc. (NASDAQ:SCSC) EVP Shana C. Smith Sells 2,245 Shares

ScanSource, Inc. (NASDAQ:SCSCGet Free Report) EVP Shana C. Smith sold 2,245 shares of ScanSource stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $48.00, for a total value of $107,760.00. Following the transaction, the executive vice president now directly owns 16,463 shares of the company’s stock, valued at $790,224. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ScanSource Stock Performance

NASDAQ SCSC opened at $47.30 on Wednesday. ScanSource, Inc. has a fifty-two week low of $26.99 and a fifty-two week high of $50.95. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.47. The business has a fifty day moving average of $44.63 and a 200-day moving average of $41.05. The company has a quick ratio of 1.38, a current ratio of 2.20 and a debt-to-equity ratio of 0.15.

ScanSource (NASDAQ:SCSCGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.15). ScanSource had a return on equity of 8.28% and a net margin of 2.31%. The company had revenue of $752.60 million during the quarter, compared to analyst estimates of $822.10 million. During the same period last year, the firm earned $0.96 earnings per share. The business’s revenue was down 15.0% compared to the same quarter last year. As a group, analysts predict that ScanSource, Inc. will post 3.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ScanSource

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in ScanSource by 1.2% during the first quarter. Vanguard Group Inc. now owns 3,479,683 shares of the industrial products company’s stock worth $153,245,000 after buying an additional 40,264 shares during the period. Dimensional Fund Advisors LP lifted its position in ScanSource by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,934,258 shares of the industrial products company’s stock worth $76,616,000 after buying an additional 27,751 shares during the period. Pzena Investment Management LLC lifted its position in ScanSource by 4.9% during the fourth quarter. Pzena Investment Management LLC now owns 1,893,151 shares of the industrial products company’s stock worth $74,988,000 after buying an additional 89,103 shares during the period. Wasatch Advisors LP lifted its position in ScanSource by 67.9% during the first quarter. Wasatch Advisors LP now owns 1,055,882 shares of the industrial products company’s stock worth $46,501,000 after buying an additional 426,945 shares during the period. Finally, Invesco Ltd. increased its stake in ScanSource by 3.8% during the third quarter. Invesco Ltd. now owns 646,495 shares of the industrial products company’s stock worth $19,595,000 after acquiring an additional 23,807 shares during the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

ScanSource Company Profile

(Get Free Report)

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.

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