Insider Selling: ScanSource, Inc. (NASDAQ:SCSC) CFO Sells $72,280.00 in Stock

ScanSource, Inc. (NASDAQ:SCSC) CFO Stephen Jones sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $36.14, for a total value of $72,280.00. Following the transaction, the chief financial officer now directly owns 69,816 shares in the company, valued at $2,523,150.24. This trade represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ScanSource Stock Performance

NASDAQ:SCSC opened at $35.44 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $39.68 and its 200 day simple moving average is $45.43. The stock has a market cap of $831.56 million, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. ScanSource, Inc. has a twelve month low of $34.49 and a twelve month high of $53.90.

ScanSource (NASDAQ:SCSC) last announced 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 net margin of 2.08% and a return on equity of 8.55%. During the same quarter in the prior year, the business posted $0.85 EPS. As a group, research analysts predict that ScanSource, Inc. will post 3.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in shares of ScanSource by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 10,103 shares of the industrial products company’s stock valued at $479,000 after purchasing an additional 338 shares during the period. Martingale Asset Management L P lifted its position in ScanSource by 0.6% during the third quarter. Martingale Asset Management L P now owns 58,169 shares of the industrial products company’s stock valued at $2,794,000 after buying an additional 340 shares during the period. Quest Partners LLC boosted its holdings in shares of ScanSource by 42.6% during the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock valued at $64,000 after buying an additional 395 shares in the last quarter. Brandywine Global Investment Management LLC grew its position in shares of ScanSource by 0.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 80,908 shares of the industrial products company’s stock worth $3,839,000 after buying an additional 538 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of ScanSource by 7.3% in the 4th quarter. Sterling Capital Management LLC now owns 9,782 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 665 shares in the last quarter. Hedge funds and other 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.