ScanSource, Inc. (NASDAQ:SCSC) CAO Brandy Ford Sells 1,845 Shares of Stock

ScanSource, Inc. (NASDAQ:SCSC) CAO Brandy Ford sold 1,845 shares of the stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total value of $91,106.10. Following the completion of the sale, the chief accounting officer now owns 9,506 shares of the company’s stock, valued at approximately $469,406.28. This represents a 16.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

ScanSource Price Performance

SCSC stock opened at $47.58 on Friday. The stock has a 50-day simple moving average of $49.33 and a 200-day simple moving average of $47.72. The firm has a market cap of $1.13 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03. ScanSource, Inc. has a 1 year low of $31.01 and a 1 year high of $53.90.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The business had revenue of $775.58 million during the quarter, compared to analyst estimates of $774.90 million. During the same period last year, the business earned $0.74 EPS. The business’s revenue was down 11.5% on a year-over-year basis. On average, equities analysts predict that ScanSource, Inc. will post 3.51 earnings per share for the current fiscal year.

Institutional Trading of ScanSource

A number of hedge funds and other institutional investors have recently modified their holdings of SCSC. Pacer Advisors Inc. grew its stake in ScanSource by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company’s stock valued at $131,828,000 after purchasing an additional 425,233 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ScanSource by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,983,625 shares of the industrial products company’s stock valued at $87,894,000 after buying an additional 39,533 shares during the last quarter. Wasatch Advisors LP grew its position in shares of ScanSource by 13.2% during the third quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company’s stock worth $52,737,000 after buying an additional 127,883 shares in the last quarter. American Century Companies Inc. increased its stake in shares of ScanSource by 75.5% in the second quarter. American Century Companies Inc. now owns 521,127 shares of the industrial products company’s stock worth $23,091,000 after buying an additional 224,160 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in ScanSource by 12.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 220,923 shares of the industrial products company’s stock valued at $10,611,000 after acquiring an additional 24,264 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

About ScanSource

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. 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.