1,109,743 Shares in ScanSource, Inc. $SCSC Bought by Pzena Investment Management LLC

Pzena Investment Management LLC bought a new stake in ScanSource, Inc. (NASDAQ:SCSC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,109,743 shares of the industrial products company’s stock, valued at approximately $57,807,000. Pzena Investment Management LLC owned 0.05% of ScanSource as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of SCSC. BlackRock Inc. acquired a new stake in ScanSource during the 2nd quarter worth about $200,140,000. Wasatch Advisors LP lifted its stake in shares of ScanSource by 34.9% in the 3rd quarter. Wasatch Advisors LP now owns 1,139,573 shares of the industrial products company’s stock valued at $50,130,000 after purchasing an additional 294,624 shares during the period. LSV Asset Management boosted its position in shares of ScanSource by 40.6% during the 4th quarter. LSV Asset Management now owns 847,863 shares of the industrial products company’s stock valued at $33,118,000 after purchasing an additional 244,903 shares in the last quarter. SG Americas Securities LLC grew its stake in ScanSource by 74.4% during the first quarter. SG Americas Securities LLC now owns 494,988 shares of the industrial products company’s stock worth $17,968,000 after purchasing an additional 211,232 shares during the period. Finally, Invesco Ltd. grew its stake in ScanSource by 56.5% during the fourth quarter. Invesco Ltd. now owns 439,442 shares of the industrial products company’s stock worth $17,165,000 after purchasing an additional 158,722 shares during the period. Institutional investors own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SCSC shares. Northcoast Research lowered ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday. Weiss Ratings raised shares of ScanSource from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Finally, Wall Street Zen raised shares of ScanSource from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.00.

ScanSource Price Performance

SCSC stock opened at $51.71 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.86 and a quick ratio of 1.20. The company’s 50-day moving average is $52.79 and its 200-day moving average is $44.25. The stock has a market capitalization of $1.05 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28. ScanSource, Inc. has a 1 year low of $33.76 and a 1 year high of $59.60.

About ScanSource

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.