ScanSource Inc. (NASDAQ:SCSC) shares reached a new 52-week high on Monday . The stock traded as high as $43.19 and last traded at $42.97, with a volume of 60,498 shares traded. The stock had previously closed at $42.50.

Separately, Zacks Investment Research cut shares of ScanSource from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th.

The company has a market capitalization of $1.11 billion and a price-to-earnings ratio of 17.63. The company has a 50 day moving average of $39.71 and a 200-day moving average of $38.59.

In related news, Director John Patrick Reilly sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $38.84, for a total transaction of $388,400.00. Following the completion of the sale, the director now directly owns 19,000 shares of the company’s stock, valued at approximately $737,960. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles R. Whitchurch sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $38.11, for a total value of $190,550.00. Following the sale, the director now directly owns 14,300 shares of the company’s stock, valued at $544,973. The disclosure for this sale can be found here.

A number of hedge funds have bought and sold shares of SCSC. California Public Employees Retirement System boosted its stake in ScanSource by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 96,000 shares of the company’s stock worth $3,093,000 after buying an additional 500 shares during the last quarter. 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. 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. 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. Finally, Dimensional Fund Advisors LP boosted its stake in 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 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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