ScanSource, Inc. (NASDAQ:SCSC) Director John Patrick Reilly sold 5,000 shares of ScanSource stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $40.70, for a total value of $203,500.00. Following the sale, the director now owns 16,900 shares of the company’s stock, valued at approximately $687,830. The transaction was disclosed in a document filed with the SEC, which is available at this link.

John Patrick Reilly also recently made the following trade(s):

  • On Wednesday, September 20th, John Patrick Reilly sold 53 shares of ScanSource stock. The stock was sold at an average price of $40.50, for a total value of $2,146.50.
  • On Tuesday, September 19th, John Patrick Reilly sold 4,023 shares of ScanSource stock. The stock was sold at an average price of $41.00, for a total value of $164,943.00.

Shares of ScanSource, Inc. (NASDAQ:SCSC) opened at 41.20 on Friday. The stock has a market cap of $1.05 billion, a PE ratio of 15.20 and a beta of 1.15. ScanSource, Inc. has a 52-week low of $29.05 and a 52-week high of $44.95. The company’s 50-day moving average price is $38.21 and its 200-day moving average price is $39.00.

ScanSource (NASDAQ:SCSC) last announced its earnings results on Tuesday, August 29th. The industrial products company reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. ScanSource had a return on equity of 8.76% and a net margin of 1.94%. The business had revenue of $917.30 million during the quarter, compared to the consensus estimate of $894.17 million. During the same period in the prior year, the business posted $0.51 earnings per share. ScanSource’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that ScanSource, Inc. will post $3.07 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in SCSC. BlackRock Inc. lifted its holdings in shares of ScanSource by 42,757.8% during the first quarter. BlackRock Inc. now owns 3,121,763 shares of the industrial products company’s stock valued at $122,529,000 after purchasing an additional 3,114,479 shares during the last quarter. LSV Asset Management lifted its holdings in shares of ScanSource by 33.1% during the second quarter. LSV Asset Management now owns 849,662 shares of the industrial products company’s stock valued at $34,241,000 after purchasing an additional 211,471 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of ScanSource by 24.1% during the second quarter. Northern Trust Corp now owns 666,664 shares of the industrial products company’s stock valued at $26,867,000 after purchasing an additional 129,636 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of ScanSource by 5.0% during the first quarter. Vanguard Group Inc. now owns 2,299,971 shares of the industrial products company’s stock valued at $90,273,000 after purchasing an additional 109,814 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of ScanSource by 47.3% during the first quarter. Prudential Financial Inc. now owns 274,839 shares of the industrial products company’s stock valued at $10,788,000 after purchasing an additional 88,192 shares during the last quarter. 93.98% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. Zacks Investment Research cut ScanSource from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub cut ScanSource from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, ValuEngine upgraded ScanSource from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.75.

About ScanSource

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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