Teacher Retirement System of Texas Decreases Stake in ScanSource, Inc. (NASDAQ:SCSC)

Teacher Retirement System of Texas reduced its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 59.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,366 shares of the industrial products company’s stock after selling 73,599 shares during the quarter. Teacher Retirement System of Texas owned about 0.21% of ScanSource worth $2,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SCSC. Royce & Associates LP lifted its position in shares of ScanSource by 4.5% during the fourth quarter. Royce & Associates LP now owns 22,406 shares of the industrial products company’s stock worth $1,063,000 after acquiring an additional 974 shares in the last quarter. Picton Mahoney Asset Management raised its stake in shares of ScanSource by 50.9% during the 4th quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 758 shares during the period. Vestcor Inc lifted its holdings in ScanSource by 656.0% during the 4th quarter. Vestcor Inc now owns 13,994 shares of the industrial products company’s stock worth $664,000 after purchasing an additional 12,143 shares in the last quarter. AlphaQuest LLC boosted its stake in ScanSource by 252.4% in the 4th quarter. AlphaQuest LLC now owns 4,662 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 3,339 shares during the period. Finally, Amundi grew its holdings in ScanSource by 6.4% during the 4th quarter. Amundi now owns 19,584 shares of the industrial products company’s stock valued at $937,000 after buying an additional 1,176 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other ScanSource news, CEO Michael L. Baur sold 1,994 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.00, for a total value of $75,772.00. Following the sale, the chief executive officer now owns 142,760 shares of the company’s stock, valued at $5,424,880. This trade represents a 1.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen Jones sold 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $36.14, for a total value of $72,280.00. Following the transaction, the chief financial officer now directly owns 69,816 shares of the company’s stock, valued at $2,523,150.24. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,994 shares of company stock worth $731,702. Corporate insiders own 4.20% of the company’s stock.

ScanSource Trading Down 1.4 %

Shares of SCSC opened at $35.76 on Thursday. The business’s 50-day moving average price is $39.97 and its 200-day moving average price is $45.50. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a twelve month low of $34.49 and a twelve month high of $53.90. The stock has a market cap of $839.07 million, a PE ratio of 14.13, a P/E/G ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC) last posted its earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.04). ScanSource had a return on equity of 8.55% and a net margin of 2.08%. During the same quarter in the prior year, the business posted $0.85 EPS. On average, equities analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

ScanSource Profile

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.