ScanSource, Inc. (NASDAQ:SCSC) CAO Sells $91,106.10 in Stock

ScanSource, Inc. (NASDAQ:SCSC) CAO Brandy Ford sold 1,845 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $49.38, for a total transaction of $91,106.10. Following the completion of the transaction, the chief accounting officer now directly owns 9,506 shares of the company’s stock, valued at $469,406.28. This trade represents a 16.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

ScanSource Stock Down 4.0 %

SCSC stock opened at $47.58 on Monday. The stock has a market capitalization 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 current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a 12 month low of $31.01 and a 12 month high of $53.90. The firm has a 50-day moving average price of $49.32 and a 200-day moving average price of $47.73.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data 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. The business had revenue of $775.58 million during the quarter, compared to analyst estimates of $774.90 million. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The firm’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS. As a group, equities research analysts anticipate that ScanSource, Inc. will post 3.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. CWM LLC raised its holdings in ScanSource by 164.1% in the 2nd 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. Gladius Capital Management LP bought a new position in ScanSource in the 3rd quarter valued at approximately $30,000. Point72 DIFC Ltd bought a new position in ScanSource in the 3rd quarter valued at approximately $35,000. nVerses Capital LLC bought a new position in ScanSource in the 2nd quarter valued at approximately $40,000. Finally, Quest Partners LLC bought a new position in ScanSource in the 2nd quarter valued at approximately $41,000. Institutional investors own 97.91% of the company’s stock.

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.