Swiss National Bank Decreases Stock Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Swiss National Bank lowered its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,000 shares of the industrial products company’s stock after selling 6,200 shares during the period. Swiss National Bank owned about 0.20% of ScanSource worth $1,941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in ScanSource during the fourth quarter worth about $46,000. Louisiana State Employees Retirement System purchased a new stake in shares of ScanSource in the fourth quarter valued at about $495,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of ScanSource by 5.0% in 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 in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of ScanSource in the fourth quarter valued at about $23,236,000. Finally, Raymond James & Associates purchased a new stake in shares of ScanSource in the fourth quarter valued at about $1,748,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Insider Activity

In other news, Director Peter C. Browning sold 7,490 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $46.44, for a total value of $347,835.60. Following the completion of the transaction, the director now owns 22,759 shares of the company’s stock, valued at $1,056,927.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Brandy Ford sold 1,253 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $47.26, for a total value of $59,216.78. Following the completion of the transaction, the chief accounting officer now owns 9,219 shares of the company’s stock, valued at $435,689.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Peter C. Browning sold 7,490 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $46.44, for a total transaction of $347,835.60. Following the completion of the transaction, the director now directly owns 22,759 shares of the company’s stock, valued at approximately $1,056,927.96. The disclosure for this sale can be found here. Insiders sold a total of 9,743 shares of company stock valued at $454,202 over the last 90 days. Insiders own 4.56% of the company’s stock.

ScanSource Stock Up 0.0 %

Shares of NASDAQ SCSC opened at $49.63 on Friday. ScanSource, Inc. has a 12-month low of $26.99 and a 12-month high of $50.95. The company has a market capitalization of $1.23 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.50 and a beta of 1.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 1.38. The firm’s 50-day moving average is $43.93 and its two-hundred day moving average is $40.26.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.15). ScanSource had a net margin of 2.31% and a return on equity of 8.28%. The business had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $822.10 million. During the same period last year, the company earned $0.96 EPS. The firm’s revenue for the quarter was down 15.0% on a year-over-year basis. Equities analysts anticipate that ScanSource, Inc. will post 3.31 EPS for the current fiscal 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.