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

ScanSource, Inc. (NASDAQ:SCSC) CAO Brandy Ford sold 1,845 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 9,506 shares in the company, valued at approximately $469,406.28. This represents a 16.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

ScanSource Stock Down 4.0 %

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

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

Institutional Trading of ScanSource

Several hedge funds have recently made changes to their positions in SCSC. CWM LLC lifted its stake in ScanSource by 164.1% in the second quarter. CWM LLC now owns 647 shares of the industrial products company’s stock valued at $29,000 after buying an additional 402 shares during the last quarter. SG Americas Securities LLC boosted its stake in ScanSource by 115.8% during the 2nd quarter. SG Americas Securities LLC now owns 6,249 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 3,353 shares during the period. Raymond James & Associates grew its position in ScanSource by 2.4% in the 2nd quarter. Raymond James & Associates now owns 95,086 shares of the industrial products company’s stock worth $4,213,000 after purchasing an additional 2,202 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of ScanSource by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 208,727 shares of the industrial products company’s stock valued at $9,249,000 after purchasing an additional 3,167 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of ScanSource during the second quarter valued at $58,000. Institutional investors own 97.91% of the company’s stock.

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.