ScanSource, Inc. (NASDAQ:SCSC) Stock Holdings Lifted by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its position in ScanSource, Inc. (NASDAQ:SCSC) by 14.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,245,448 shares of the industrial products company’s stock after buying an additional 160,303 shares during the quarter. Pzena Investment Management LLC’s holdings in ScanSource were worth $40,552,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SCSC. Mason Street Advisors LLC boosted its holdings in shares of ScanSource by 3.8% during the first quarter. Mason Street Advisors LLC now owns 8,254 shares of the industrial products company’s stock worth $296,000 after purchasing an additional 301 shares during the period. Advisor Group Inc. lifted its stake in shares of ScanSource by 74.9% in the second quarter. Advisor Group Inc. now owns 782 shares of the industrial products company’s stock worth $25,000 after buying an additional 335 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its stake in shares of ScanSource by 5.9% in the first quarter. Piedmont Investment Advisors Inc. now owns 6,447 shares of the industrial products company’s stock worth $231,000 after buying an additional 361 shares during the last quarter. Strs Ohio lifted its stake in shares of ScanSource by 2.4% in the first quarter. Strs Ohio now owns 21,200 shares of the industrial products company’s stock worth $759,000 after buying an additional 500 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of ScanSource by 2.6% in the first quarter. Comerica Bank now owns 25,413 shares of the industrial products company’s stock worth $977,000 after buying an additional 636 shares during the last quarter. 94.92% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on SCSC shares. BidaskClub upgraded shares of ScanSource from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research cut shares of ScanSource from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut shares of ScanSource from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Northcoast Research cut shares of ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday, May 6th. Finally, TheStreet cut shares of ScanSource from a “b-” rating to a “c+” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $44.50.



SCSC stock traded up $1.09 on Friday, reaching $31.47. 4,539 shares of the company were exchanged, compared to its average volume of 97,190. ScanSource, Inc. has a 12 month low of $28.55 and a 12 month high of $44.30. The stock’s fifty day moving average price is $32.34 and its 200 day moving average price is $34.74. The firm has a market capitalization of $820.68 million, a PE ratio of 10.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.06 and a quick ratio of 0.99.

ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. It operates in two segments, Worldwide Barcode, Networking & Security (WW Barcode, Networking & Security); and Worldwide Communications & Services (WW Communications & Services).

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Institutional Ownership by Quarter for ScanSource (NASDAQ:SCSC)

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