Insider Selling: ScanSource, Inc. (NASDAQ:SCSC) CFO Sells 2,000 Shares of Stock

ScanSource, Inc. (NASDAQ:SCSC) CFO Stephen Jones sold 2,000 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 69,816 shares of the company’s stock, valued at approximately $2,523,150.24. The trade was a 2.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ScanSource Trading Down 1.7 %

Shares of NASDAQ:SCSC traded down $0.64 during midday trading on Tuesday, hitting $36.28. 240,248 shares of the stock were exchanged, compared to its average volume of 220,902. The business’s 50-day moving average price is $40.51 and its 200 day moving average price is $45.64. ScanSource, Inc. has a 12 month low of $34.49 and a 12 month high of $53.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. The stock has a market capitalization of $851.27 million, a price-to-earnings ratio of 14.34, 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 earned $0.85 EPS. Analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current year.

Institutional Trading of ScanSource

A number of institutional investors and hedge funds have recently bought and sold shares of SCSC. Wealth Enhancement Advisory Services LLC acquired a new position in ScanSource during the 4th quarter worth about $365,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of ScanSource in the fourth quarter valued at about $3,771,000. Mackenzie Financial Corp raised its position in shares of ScanSource by 55.1% during the fourth quarter. Mackenzie Financial Corp now owns 55,692 shares of the industrial products company’s stock worth $2,643,000 after acquiring an additional 19,790 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of ScanSource in the fourth quarter worth approximately $1,639,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in ScanSource by 14.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 18,364 shares of the industrial products company’s stock valued at $871,000 after acquiring an additional 2,317 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.