Great West Life Assurance Co. Can trimmed its position in shares of ScanSource, Inc. (NASDAQ:SCSC) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,814 shares of the industrial products company’s stock after selling 2,751 shares during the period. Great West Life Assurance Co. Can owned about 0.14% of ScanSource worth $1,537,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of ScanSource by 1.2% during the second quarter. Vanguard Group Inc. now owns 2,326,600 shares of the industrial products company’s stock valued at $93,763,000 after acquiring an additional 26,629 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of ScanSource by 3.3% during the third quarter. Pzena Investment Management LLC now owns 1,317,928 shares of the industrial products company’s stock valued at $57,528,000 after acquiring an additional 42,025 shares during the last quarter. LSV Asset Management raised its stake in shares of ScanSource by 33.1% during the second quarter. LSV Asset Management now owns 849,662 shares of the industrial products company’s stock valued at $34,241,000 after acquiring an additional 211,471 shares during the last quarter. State Street Corp raised its stake in shares of ScanSource by 3.6% during the second quarter. State Street Corp now owns 674,361 shares of the industrial products company’s stock valued at $27,177,000 after acquiring an additional 23,694 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of ScanSource by 24.1% during the second quarter. Northern Trust Corp now owns 666,664 shares of the industrial products company’s stock valued at $26,867,000 after acquiring an additional 129,636 shares during the last quarter. 94.35% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on SCSC. Northcoast Research downgraded shares of ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday, October 2nd. Zacks Investment Research cut shares of ScanSource from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub upgraded shares of ScanSource from a “strong sell” rating to a “sell” rating in a research report on Wednesday. ValuEngine cut shares of ScanSource from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, TheStreet cut shares of ScanSource from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $45.75.

ScanSource, Inc. (NASDAQ SCSC) opened at $35.35 on Thursday. ScanSource, Inc. has a 52-week low of $33.55 and a 52-week high of $45.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.94. The stock has a market cap of $912.58, a PE ratio of 12.61, a P/E/G ratio of 4.00 and a beta of 1.03.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). ScanSource had a net margin of 1.65% and a return on equity of 8.78%. The company had revenue of $924.56 million for the quarter, compared to analysts’ expectations of $966.20 million. During the same quarter in the prior year, the firm earned $0.68 EPS. ScanSource’s quarterly revenue was down .9% compared to the same quarter last year. research analysts forecast that ScanSource, Inc. will post 2.98 EPS for the current fiscal year.

In related news, CEO Michael L. Baur sold 17,621 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $44.32, for a total transaction of $780,962.72. Following the transaction, the chief executive officer now owns 35,209 shares in the company, valued at $1,560,462.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael L. Baur sold 13,700 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $43.94, for a total transaction of $601,978.00. Following the transaction, the chief executive officer now owns 35,209 shares in the company, valued at approximately $1,547,083.46. The disclosure for this sale can be found here. Insiders have sold 81,321 shares of company stock worth $3,588,984 in the last quarter. 2.35% of the stock is owned by corporate insiders.

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ScanSource 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.

Institutional Ownership by Quarter for ScanSource (NASDAQ:SCSC)

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