ScanSource, Inc. (NASDAQ:SCSC) CAO Sells $91,106.10 in Stock

ScanSource, Inc. (NASDAQ:SCSC) CAO Brandy Ford sold 1,845 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $49.38, for a total transaction of $91,106.10. Following the completion of the transaction, the chief accounting officer now owns 9,506 shares in the company, valued at $469,406.28. This trade represents a 16.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

ScanSource Trading Down 4.0 %

SCSC stock opened at $47.58 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03. The company’s 50-day simple moving average is $49.32 and its 200 day simple moving average is $47.73. ScanSource, Inc. has a 52 week low of $31.01 and a 52 week high of $53.90. The company has a market capitalization of $1.13 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The firm had revenue of $775.58 million for the quarter, compared to the consensus estimate of $774.90 million. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. As a group, sell-side analysts anticipate that ScanSource, Inc. will post 3.51 earnings per share for the current year.

Institutional Investors Weigh In On ScanSource

Large investors have recently bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in ScanSource during the third quarter worth about $30,000. CWM LLC grew its stake in ScanSource by 164.1% during the second quarter. CWM LLC now owns 647 shares of the industrial products company’s stock worth $29,000 after buying an additional 402 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of ScanSource in the third quarter worth about $35,000. nVerses Capital LLC bought a new position in shares of ScanSource in the second quarter worth about $40,000. Finally, Quest Partners LLC bought a new position in shares of ScanSource in the second quarter worth about $41,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

ScanSource Company 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.