O Shaughnessy Asset Management LLC Increases Stake in ScanSource, Inc. (NASDAQ:SCSC)

O Shaughnessy Asset Management LLC boosted its stake in ScanSource, Inc. (NASDAQ:SCSC) by 27.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,655 shares of the industrial products company’s stock after purchasing an additional 21,761 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in ScanSource were worth $4,776,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new position in shares of ScanSource in the 3rd quarter valued at about $35,000. New Age Alpha Advisors LLC purchased a new stake in ScanSource during the fourth quarter worth approximately $64,000. Picton Mahoney Asset Management increased its position in shares of ScanSource by 50.9% in the fourth quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 758 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of ScanSource during the 4th quarter valued at $126,000. Finally, Systematic Financial Management LP purchased a new stake in ScanSource during the 3rd quarter worth $205,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Insider Transactions at ScanSource

In related news, CEO Michael L. Baur sold 15,000 shares of ScanSource stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $38.91, for a total transaction of $583,650.00. Following the sale, the chief executive officer now owns 162,760 shares of the company’s stock, valued at $6,332,991.60. The trade was a 8.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen Jones sold 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $36.14, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,994 shares of company stock valued at $731,702. Corporate insiders own 4.20% of the company’s stock.

ScanSource Trading Up 1.4 %

NASDAQ:SCSC opened at $34.25 on Thursday. The business’s 50-day moving average is $38.33 and its two-hundred day moving average is $45.12. The firm has a market capitalization of $803.64 million, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. ScanSource, Inc. has a 12 month low of $33.04 and a 12 month high of $53.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30.

ScanSource (NASDAQ:SCSC) last announced its earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the company earned $0.85 EPS. Research analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

ScanSource 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.