Allianz Asset Management GmbH Acquires New Shares in ScanSource, Inc. (NASDAQ:SCSC)

Allianz Asset Management GmbH bought a new position in shares of ScanSource, Inc. (NASDAQ:SCSCFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,823 shares of the industrial products company’s stock, valued at approximately $1,419,000. Allianz Asset Management GmbH owned about 0.14% of ScanSource at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCSC. Dimensional Fund Advisors LP increased its holdings in shares of ScanSource by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,934,258 shares of the industrial products company’s stock valued at $76,616,000 after acquiring an additional 27,751 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 23,343 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of ScanSource by 4.9% in the fourth quarter. Pzena Investment Management LLC now owns 1,893,151 shares of the industrial products company’s stock valued at $74,988,000 after purchasing an additional 89,103 shares during the period. Raymond James & Associates acquired a new stake in shares of ScanSource in the fourth quarter worth $1,748,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of ScanSource by 43.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,052 shares of the industrial products company’s stock worth $1,608,000 after buying an additional 16,064 shares during the period. 97.91% of the stock is currently owned by institutional investors.

ScanSource Stock Performance

Shares of SCSC opened at $46.04 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 1.38. ScanSource, Inc. has a one year low of $26.99 and a one year high of $50.95. The company’s fifty day moving average price is $44.87 and its 200 day moving average price is $41.39. The company has a market capitalization of $1.14 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.39 and a beta of 1.47.

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

Insider Activity at ScanSource

In other news, EVP Shana C. Smith sold 2,245 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $48.00, for a total transaction of $107,760.00. Following the completion of the transaction, the executive vice president now owns 16,463 shares of the company’s stock, valued at $790,224. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Peter C. Browning sold 7,490 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $46.44, for a total transaction of $347,835.60. Following the sale, the director now directly owns 22,759 shares in the company, valued at $1,056,927.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Shana C. Smith sold 2,245 shares of ScanSource stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $48.00, for a total transaction of $107,760.00. Following the sale, the executive vice president now owns 16,463 shares in the company, valued at $790,224. The disclosure for this sale can be found here. Insiders sold a total of 29,541 shares of company stock worth $1,400,379 in the last ninety days. 4.56% of the stock is currently owned by insiders.

About ScanSource

(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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Institutional Ownership by Quarter for ScanSource (NASDAQ:SCSC)

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