ScanSource, Inc. (NASDAQ:SCSC) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its stake in ScanSource, Inc. (NASDAQ:SCSC) by 27.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,655 shares of the industrial products company’s stock after acquiring an additional 21,761 shares during the period. O Shaughnessy Asset Management LLC owned 0.43% of ScanSource worth $4,776,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of ScanSource in the 4th quarter valued at approximately $5,687,000. JPMorgan Chase & Co. increased its holdings in ScanSource by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company’s stock valued at $18,111,000 after buying an additional 91,069 shares in the last quarter. American Century Companies Inc. lifted its position in shares of ScanSource by 13.1% during the 4th quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company’s stock valued at $36,030,000 after acquiring an additional 87,721 shares during the period. Norges Bank purchased a new stake in shares of ScanSource during the 4th quarter worth approximately $4,137,000. Finally, Victory Capital Management Inc. grew its holdings in shares of ScanSource by 142.2% in the 4th quarter. Victory Capital Management Inc. now owns 119,599 shares of the industrial products company’s stock worth $5,675,000 after acquiring an additional 70,228 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Insider Buying and Selling at ScanSource

In related news, CEO Michael L. Baur sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $38.91, for a total transaction of $583,650.00. Following the transaction, the chief executive officer now owns 162,760 shares of the company’s stock, valued at approximately $6,332,991.60. This represents a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen Jones sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $36.14, for a total transaction of $72,280.00. Following the sale, the chief financial officer now owns 69,816 shares in the company, valued at approximately $2,523,150.24. This trade represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,994 shares of company stock worth $731,702. Corporate insiders own 4.20% of the company’s stock.

ScanSource Stock Up 1.4 %

ScanSource stock opened at $34.25 on Thursday. ScanSource, Inc. has a fifty-two week low of $33.04 and a fifty-two week high of $53.90. The firm has a market capitalization of $803.64 million, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. The stock’s fifty day moving average is $38.33 and its two-hundred day moving average is $45.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.04). ScanSource had a net margin of 2.08% and a return on equity of 8.55%. During the same quarter last year, the firm earned $0.85 earnings per share. Analysts predict that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

ScanSource Company 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.