ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 44,565 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $44.16, for a total value of $1,967,990.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ScanSource, Inc. (NASDAQ:SCSC) traded up 0.11% during mid-day trading on Friday, reaching $44.30. The company had a trading volume of 69,539 shares. The stock has a market capitalization of $1.13 billion, a PE ratio of 16.35 and a beta of 1.16. The company’s 50-day moving average is $39.90 and its 200-day moving average is $39.28. ScanSource, Inc. has a one year low of $29.05 and a one year high of $44.95.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Tuesday, August 29th. The industrial products company reported $0.68 earnings per share for the quarter, meeting the consensus estimate of $0.68. ScanSource had a return on equity of 8.76% and a net margin of 1.94%. The business had revenue of $917.30 million during the quarter, compared to analyst estimates of $894.17 million. During the same period in the prior year, the company earned $0.51 earnings per share. ScanSource’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that ScanSource, Inc. will post $3.07 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in ScanSource by 0.3% during the first quarter. SG Americas Securities LLC now owns 4,259 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 14 shares during the period. Tocqueville Asset Management L.P. grew its holdings in ScanSource by 0.6% during the second quarter. Tocqueville Asset Management L.P. now owns 26,317 shares of the industrial products company’s stock valued at $1,061,000 after purchasing an additional 167 shares during the period. Texas Permanent School Fund grew its holdings in ScanSource by 1.1% during the second quarter. Texas Permanent School Fund now owns 18,482 shares of the industrial products company’s stock valued at $745,000 after purchasing an additional 198 shares during the period. Arizona State Retirement System grew its holdings in ScanSource by 1.5% during the first quarter. Arizona State Retirement System now owns 13,182 shares of the industrial products company’s stock valued at $517,000 after purchasing an additional 200 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in ScanSource by 0.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,266 shares of the industrial products company’s stock valued at $938,000 after purchasing an additional 200 shares during the period. 93.98% of the stock is owned by institutional investors and hedge funds.

SCSC has been the subject of a number of recent analyst reports. Zacks Investment Research raised ScanSource from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub cut ScanSource from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine raised ScanSource from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Northcoast Research cut ScanSource from a “buy” rating to a “neutral” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.75.

ScanSource Company Profile

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.

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

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