ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur Sells 15,081 Shares

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 15,081 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $49.57, for a total transaction of $747,565.17. Following the transaction, the chief executive officer now owns 177,760 shares in the company, valued at approximately $8,811,563.20. This represents a 7.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

ScanSource Trading Up 1.0 %

Shares of ScanSource stock traded up $0.49 during trading hours on Monday, reaching $49.38. The stock had a trading volume of 157,046 shares, compared to its average volume of 210,741. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a 1 year low of $31.01 and a 1 year high of $53.76. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.39 and a beta of 1.42. The firm has a 50 day simple moving average of $47.41 and a two-hundred day simple moving average of $47.17.

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

Analysts Set New Price Targets

Separately, Raymond James cut shares of ScanSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in ScanSource by 97.9% during the third quarter. Barclays PLC now owns 54,346 shares of the industrial products company’s stock worth $2,610,000 after buying an additional 26,881 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of ScanSource by 42.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,047 shares of the industrial products company’s stock valued at $771,000 after acquiring an additional 4,780 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of ScanSource by 6.2% in the 3rd quarter. Jane Street Group LLC now owns 56,980 shares of the industrial products company’s stock valued at $2,737,000 after buying an additional 3,307 shares during the last quarter. Systematic Financial Management LP acquired a new position in shares of ScanSource during the 3rd quarter worth about $205,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of ScanSource in the third quarter valued at approximately $35,000. 97.91% of the stock is owned by institutional investors.

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.