News stories about ScanSource (NASDAQ:SCSC) have been trending somewhat positive on Sunday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. ScanSource earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.86795114672 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several analysts have issued reports on SCSC shares. Zacks Investment Research lowered ScanSource from a “buy” rating to a “sell” rating in a research note on Saturday, May 13th. BidaskClub lowered ScanSource from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. ScanSource currently has a consensus rating of “Hold” and an average target price of $45.17.

Shares of ScanSource (SCSC) opened at 37.60 on Friday. ScanSource has a 1-year low of $29.05 and a 1-year high of $44.95. The company has a market cap of $951.81 million, a price-to-earnings ratio of 15.26 and a beta of 1.16. The firm has a 50-day moving average price of $39.72 and a 200 day moving average price of $39.71.

In other news, Director Steven R. Fischer sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $40.19, for a total value of $200,950.00. Following the transaction, the director now owns 20,867 shares in the company, valued at approximately $838,644.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael L. Baur sold 67,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.07, for a total value of $2,617,690.00. Following the completion of the transaction, the chief executive officer now owns 47,890 shares in the company, valued at approximately $1,871,062.30. The disclosure for this sale can be found here. Insiders sold a total of 77,000 shares of company stock worth $3,019,290 in the last 90 days. Company insiders own 3.03% of the company’s stock.

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ScanSource Company 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.

Insider Buying and Selling by Quarter for ScanSource (NASDAQ:SCSC)

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