The Manufacturers Life Insurance Company lessened its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,013 shares of the industrial products company’s stock after selling 429 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of ScanSource worth $767,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of ScanSource by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,974 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 446 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of ScanSource by 12.0% during the second quarter. SG Americas Securities LLC now owns 4,768 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 509 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of ScanSource by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 4,996 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 2,206 shares during the last quarter. Airain ltd acquired a new stake in shares of ScanSource during the second quarter worth $235,000. Finally, KCG Holdings Inc. boosted its holdings in shares of ScanSource by 57.1% during the first quarter. KCG Holdings Inc. now owns 7,938 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 2,886 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

In related news, Director John Patrick Reilly sold 5,000 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $40.70, for a total value of $203,500.00. Following the transaction, the director now directly owns 16,900 shares of the company’s stock, valued at approximately $687,830. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael L. Baur sold 5,435 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $43.80, for a total value of $238,053.00. The disclosure for this sale can be found here. Insiders sold a total of 90,397 shares of company stock worth $3,959,574 over the last ninety days. Corporate insiders own 2.35% of the company’s stock.

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Shares of ScanSource, Inc. (SCSC) opened at $35.40 on Friday. ScanSource, Inc. has a fifty-two week low of $34.45 and a fifty-two week high of $45.35. The company has a current ratio of 1.94, a quick ratio of 1.08 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $907.48, a price-to-earnings ratio of 12.53, a PEG ratio of 3.98 and a beta of 1.11.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $924.56 million for the quarter, compared to analyst estimates of $966.20 million. ScanSource had a return on equity of 8.78% and a net margin of 1.65%. ScanSource’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.68 EPS. research analysts expect that ScanSource, Inc. will post 2.98 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on SCSC shares. ValuEngine upgraded ScanSource from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research cut ScanSource from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. BidaskClub cut ScanSource from a “hold” rating to a “sell” rating in a report on Friday, July 28th. TheStreet cut ScanSource from a “b” rating to a “c+” rating in a report on Wednesday, November 8th. Finally, Northcoast Research cut ScanSource from a “buy” rating to a “neutral” rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average 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.

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Institutional Ownership by Quarter for ScanSource (NASDAQ:SCSC)

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