ScanSource (NASDAQ:SCSC) Director Charles Alexander Mathis Acquires 6,000 Shares

ScanSource, Inc. (NASDAQ:SCSC) Director Charles Alexander Mathis bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were purchased at an average price of $35.20 per share, for a total transaction of $211,200.00. Following the transaction, the director owned 24,793 shares of the company’s stock, valued at $872,713.60. The trade was a 31.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

ScanSource Trading Up 3.1%

SCSC traded up $1.06 during trading on Friday, hitting $35.72. The company’s stock had a trading volume of 253,998 shares, compared to its average volume of 228,449. ScanSource, Inc. has a twelve month low of $28.75 and a twelve month high of $46.25. The stock has a market cap of $767.27 million, a PE ratio of 10.96, a PEG ratio of 0.59 and a beta of 1.28. The firm’s 50 day moving average price is $40.45 and its 200-day moving average price is $41.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.96 and a quick ratio of 1.22.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings data on Thursday, February 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.20). The business had revenue of $766.51 million for the quarter, compared to analyst estimates of $782.46 million. ScanSource had a return on equity of 9.35% and a net margin of 2.44%.ScanSource’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. On average, analysts expect that ScanSource, Inc. will post 3.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. grew its stake in ScanSource by 4.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,454 shares of the industrial products company’s stock worth $240,000 after buying an additional 250 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of ScanSource by 2.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 10,145 shares of the industrial products company’s stock valued at $424,000 after acquiring an additional 259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of ScanSource by 2.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,859 shares of the industrial products company’s stock valued at $471,000 after acquiring an additional 295 shares in the last quarter. Bailard Inc. boosted its position in ScanSource by 6.8% during the 3rd quarter. Bailard Inc. now owns 6,300 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 400 shares during the period. Finally, Strs Ohio boosted its position in ScanSource by 2.6% during the 3rd quarter. Strs Ohio now owns 15,600 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 400 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SCSC has been the topic of several recent analyst reports. Zacks Research lowered shares of ScanSource from a “hold” rating to a “strong sell” rating in a report on Monday. Wall Street Zen lowered shares of ScanSource from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ScanSource in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.50.

ScanSource Company Profile

ScanSource, Inc is a global provider of technology products and solutions designed to help businesses enhance operational efficiency and customer engagement. The company specializes in the distribution of point-of-sale (POS) systems, barcode and data capture devices, networking and communications equipment, and value-added software and cloud services. By combining hardware, software and professional services, ScanSource supports channel partners in delivering end-to-end solutions across multiple industries, including retail, hospitality, healthcare and logistics.

Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource has built a broad international footprint, serving customers throughout North, Central and South America as well as Europe, the Middle East and Africa.