LSV Asset Management Has $20.28 Million Stake in ScanSource, Inc. (NASDAQ:SCSC)

LSV Asset Management reduced its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 3.4% during the 4th quarter, Holdings Channel reports. The fund owned 512,073 shares of the industrial products company’s stock after selling 18,100 shares during the quarter. LSV Asset Management’s holdings in ScanSource were worth $20,283,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of ScanSource by 5.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,361 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 538 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in ScanSource by 23.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the industrial products company’s stock valued at $166,000 after buying an additional 1,034 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of ScanSource in the 4th quarter valued at $46,000. Gladius Capital Management LP acquired a new stake in shares of ScanSource in the 3rd quarter valued at $36,000. Finally, First Hawaiian Bank raised its position in shares of ScanSource by 13.7% during the fourth quarter. First Hawaiian Bank now owns 21,321 shares of the industrial products company’s stock worth $845,000 after acquiring an additional 2,574 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.

ScanSource Price Performance

ScanSource stock opened at $44.03 on Tuesday. The business’s 50-day simple moving average is $42.43 and its 200 day simple moving average is $38.61. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.26 and a beta of 1.51. ScanSource, Inc. has a 12-month low of $26.18 and a 12-month high of $45.10.

ScanSource (NASDAQ:SCSC) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.14). The business had revenue of $884.79 million during the quarter, compared to the consensus estimate of $943.10 million. ScanSource had a net margin of 2.45% and a return on equity of 9.18%. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same period last year, the business posted $1.06 EPS. As a group, research analysts anticipate that ScanSource, Inc. will post 3.39 earnings per share for the current year.

ScanSource Profile

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.