ScanSource Inc. (NASDAQ:SCSC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.96 and last traded at $41.69, with a volume of 47,513 shares trading hands. The stock had previously closed at $42.28.

Separately, Zacks Investment Research lowered shares of ScanSource from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th.

The firm has a 50-day moving average price of $39.34 and a 200 day moving average price of $38.29. The company has a market capitalization of $1.07 billion and a PE ratio of 17.02.

In related news, Director Charles R. Whitchurch sold 5,000 shares of ScanSource stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $38.11, for a total transaction of $190,550.00. Following the completion of the transaction, the director now owns 14,300 shares of the company’s stock, valued at $544,973. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven R. Fischer sold 10,000 shares of ScanSource stock in a transaction on Monday, May 16th. The stock was sold at an average price of $38.79, for a total transaction of $387,900.00. Following the transaction, the director now directly owns 35,467 shares of the company’s stock, valued at approximately $1,375,764.93. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in SCSC. Dimensional Fund Advisors LP increased its position in shares of ScanSource by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,819,478 shares of the company’s stock worth $58,625,000 after buying an additional 219,140 shares in the last quarter. Russell Frank Co boosted its stake in ScanSource by 169.2% in the fourth quarter. Russell Frank Co now owns 75,862 shares of the company’s stock worth $2,519,000 after buying an additional 47,682 shares during the last quarter. GSA Capital Partners LLP boosted its stake in ScanSource by 96.4% in the fourth quarter. GSA Capital Partners LLP now owns 39,092 shares of the company’s stock worth $1,260,000 after buying an additional 19,192 shares during the last quarter. New York State Common Retirement Fund boosted its stake in ScanSource by 2.9% in the fourth quarter. New York State Common Retirement Fund now owns 134,361 shares of the company’s stock worth $4,329,000 after buying an additional 3,794 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in ScanSource by 3.2% in the fourth quarter. Rhumbline Advisers now owns 46,648 shares of the company’s stock worth $1,503,000 after buying an additional 1,435 shares during the last quarter.

ScanSource, Inc is a wholesale distributor of specialty technology products. The Company and its subsidiaries provide distribution services for technology manufacturers and sells to resellers in the specialty technology markets, such as point-of-sale (POS) and barcode, physical security and three dimensional (3D) printing and communications.

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