ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 50,000 shares of the firm’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $40.21, for a total value of $2,010,500.00. Following the sale, the chief executive officer now directly owns 51,572 shares of the company’s stock, valued at $2,073,710.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of ScanSource, Inc. (NASDAQ:SCSC) traded down 1.85% during midday trading on Monday, hitting $39.85. The stock had a trading volume of 19,253 shares. ScanSource, Inc. has a 12 month low of $29.05 and a 12 month high of $44.95. The stock’s 50-day moving average is $41.27 and its 200-day moving average is $38.38. The stock has a market cap of $1.01 billion, a PE ratio of 15.90 and a beta of 1.18.

ScanSource (NASDAQ:SCSC) last released its earnings results on Tuesday, February 7th. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. ScanSource had a return on equity of 8.56% and a net margin of 1.85%. The business had revenue of $904.80 million for the quarter, compared to the consensus estimate of $962.57 million. During the same period in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. Equities analysts anticipate that ScanSource, Inc. will post $2.84 EPS for the current year.

Insider Buying and Selling by Quarter for ScanSource (NASDAQ:SCSC)

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Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in ScanSource by 33.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,856 shares of the company’s stock valued at $156,000 after buying an additional 973 shares during the period. Pacad Investment Ltd. bought a new stake in ScanSource during the fourth quarter valued at approximately $174,000. Princeton Alpha Management LP bought a new stake in ScanSource during the third quarter valued at approximately $279,000. Aperio Group LLC increased its stake in ScanSource by 7.4% in the third quarter. Aperio Group LLC now owns 7,819 shares of the company’s stock valued at $285,000 after buying an additional 539 shares during the period. Finally, SG Americas Securities LLC bought a new stake in ScanSource during the third quarter valued at approximately $369,000. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on SCSC. Zacks Investment Research lowered ScanSource from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. FinTrust Advisors lowered ScanSource from a “buy” rating to a “hold” rating and raised their target price for the company from $42.20 to $48.50 in a research report on Monday, February 20th. Finally, TheStreet raised ScanSource from a “hold” rating to a “buy” rating in a research report on Wednesday, December 21st.

About ScanSource

ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.

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