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

Separately, Zacks Investment Research raised ScanSource from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th.

The firm has a market capitalization of $1.09 billion and a PE ratio of 17.33. The firm has a 50 day moving average price of $40.07 and a 200-day moving average price of $38.89.

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

A number of hedge funds and institutional investors have added to or reduced their stakes in SCSC. Rhumbline Advisers boosted its position 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 in the last quarter. Russell Frank Co raised its stake in shares of 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. California Public Employees Retirement System raised its stake in shares of 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. New York State Common Retirement Fund raised its stake in shares of 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, Dimensional Fund Advisors LP raised its stake 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 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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