ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) CEO Michael Baur sold 3,827 shares of ScanSource stock in a transaction on Monday, March 16th. The stock was sold at an average price of $35.89, for a total transaction of $137,351.03. Following the completion of the transaction, the chief executive officer directly owned 157,512 shares in the company, valued at approximately $5,653,105.68. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
ScanSource Trading Up 0.3%
NASDAQ:SCSC opened at $35.56 on Wednesday. The firm has a market capitalization of $763.83 million, a P/E ratio of 10.91, a P/E/G ratio of 0.60 and a beta of 1.29. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $38.64 and a 200 day moving average of $40.75. ScanSource, Inc. has a 52 week low of $28.75 and a 52 week high of $46.25.
ScanSource (NASDAQ:SCSC - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.20). The firm had revenue of $766.51 million during the quarter, compared to the consensus estimate of $782.46 million. ScanSource had a return on equity of 9.35% and a net margin of 2.44%.ScanSource's revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. On average, research analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current year.
Analysts Set New Price Targets
SCSC has been the subject of several research analyst reports. Zacks Research cut shares of ScanSource from a "hold" rating to a "strong sell" rating in a research report on Monday, February 9th. Wall Street Zen downgraded shares of ScanSource from a "buy" rating to a "hold" rating in a research note on Saturday, January 17th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of ScanSource in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $42.50.
Read Our Latest Research Report on SCSC
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of SCSC. Robeco Institutional Asset Management B.V. lifted its position in ScanSource by 4.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,454 shares of the industrial products company's stock valued at $240,000 after acquiring an additional 250 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ScanSource by 2.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,859 shares of the industrial products company's stock valued at $471,000 after purchasing an additional 295 shares in the last quarter. Bailard Inc. lifted its holdings in shares of ScanSource by 6.8% during the third quarter. Bailard Inc. now owns 6,300 shares of the industrial products company's stock valued at $277,000 after purchasing an additional 400 shares during the last quarter. Strs Ohio boosted its position in shares of ScanSource by 2.6% in the 3rd quarter. Strs Ohio now owns 15,600 shares of the industrial products company's stock worth $686,000 after purchasing an additional 400 shares in the last quarter. Finally, Royce & Associates LP grew its stake in shares of ScanSource by 1.7% in the 4th quarter. Royce & Associates LP now owns 26,088 shares of the industrial products company's stock worth $1,019,000 after buying an additional 433 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.
ScanSource Company Profile
(
Get Free Report)
ScanSource, Inc is a global provider of technology products and solutions designed to help businesses enhance operational efficiency and customer engagement. The company specializes in the distribution of point-of-sale (POS) systems, barcode and data capture devices, networking and communications equipment, and value-added software and cloud services. By combining hardware, software and professional services, ScanSource supports channel partners in delivering end-to-end solutions across multiple industries, including retail, hospitality, healthcare and logistics.
Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource has built a broad international footprint, serving customers throughout North, Central and South America as well as Europe, the Middle East and Africa.
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