Vanguard Group Inc. Sells 2,062 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Vanguard Group Inc. cut its stake in ScanSource, Inc. (NASDAQ:SCSC) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,439,419 shares of the industrial products company’s stock after selling 2,062 shares during the period. Vanguard Group Inc. owned 13.66% of ScanSource worth $136,235,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of ScanSource by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,934,258 shares of the industrial products company’s stock valued at $76,616,000 after purchasing an additional 27,751 shares during the period. Pzena Investment Management LLC grew its position in shares of ScanSource by 4.9% in the 4th quarter. Pzena Investment Management LLC now owns 1,893,151 shares of the industrial products company’s stock worth $74,988,000 after buying an additional 89,103 shares during the period. Wasatch Advisors LP bought a new position in shares of ScanSource in the 4th quarter worth about $24,912,000. Charles Schwab Investment Management Inc. lifted its position in ScanSource by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 627,886 shares of the industrial products company’s stock valued at $24,871,000 after acquiring an additional 7,125 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in ScanSource during the fourth quarter worth about $23,236,000. 97.91% of the stock is owned by institutional investors.

ScanSource Price Performance

Shares of NASDAQ SCSC opened at $43.75 on Friday. The company has a 50 day simple moving average of $45.87 and a two-hundred day simple moving average of $42.57. ScanSource, Inc. has a fifty-two week low of $26.99 and a fifty-two week high of $50.95. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 2.20.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.15). ScanSource had a net margin of 2.31% and a return on equity of 8.28%. The company had revenue of $752.60 million for the quarter, compared to the consensus estimate of $822.10 million. During the same period last year, the business earned $0.96 EPS. The firm’s quarterly revenue was down 15.0% on a year-over-year basis. Analysts expect that ScanSource, Inc. will post 3.31 EPS for the current fiscal year.

Insider Transactions at ScanSource

In related news, CEO Michael L. Baur sold 6,160 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $43.67, for a total transaction of $269,007.20. Following the sale, the chief executive officer now directly owns 118,080 shares of the company’s stock, valued at approximately $5,156,553.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael L. Baur sold 6,160 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $43.67, for a total value of $269,007.20. Following the transaction, the chief executive officer now owns 118,080 shares in the company, valued at $5,156,553.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Brandy Ford sold 1,253 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $47.26, for a total transaction of $59,216.78. Following the sale, the chief accounting officer now owns 9,219 shares in the company, valued at approximately $435,689.94. The disclosure for this sale can be found here. Insiders sold a total of 63,376 shares of company stock valued at $2,879,830 in the last quarter. 4.56% of the stock is owned by insiders.

About ScanSource

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. 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.