Charles Schwab Investment Management Inc. Grows Stake in ScanSource, Inc. (NASDAQ:SCSC)

Charles Schwab Investment Management Inc. grew its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 1.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 627,886 shares of the industrial products company’s stock after buying an additional 7,125 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.50% of ScanSource worth $24,871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Campbell & CO Investment Adviser LLC lifted its holdings in ScanSource by 53.7% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 43,974 shares of the industrial products company’s stock worth $1,333,000 after buying an additional 15,372 shares during the period. Raymond James & Associates purchased a new position in shares of ScanSource in the 4th quarter valued at approximately $1,748,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of ScanSource by 43.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,052 shares of the industrial products company’s stock valued at $1,608,000 after purchasing an additional 16,064 shares during the period. First Hawaiian Bank lifted its stake in shares of ScanSource by 13.7% in the 4th quarter. First Hawaiian Bank now owns 21,321 shares of the industrial products company’s stock valued at $845,000 after purchasing an additional 2,574 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of ScanSource by 10.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 173,409 shares of the industrial products company’s stock valued at $5,256,000 after purchasing an additional 16,323 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

ScanSource Trading Down 2.0 %

SCSC opened at $49.62 on Friday. The stock has a market cap of $1.23 billion, a PE ratio of 15.75, a PEG ratio of 1.50 and a beta of 1.51. The company has a quick ratio of 1.38, a current ratio of 2.20 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $43.78 and a 200-day moving average of $40.08. ScanSource, Inc. has a 52 week low of $26.99 and a 52 week high of $50.95.

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

Insider Buying and Selling at ScanSource

In other ScanSource news, CAO Brandy Ford sold 1,253 shares of ScanSource stock in a transaction on Friday, May 10th. The stock was sold at an average price of $47.26, for a total transaction of $59,216.78. Following the completion of the transaction, the chief accounting officer now owns 9,219 shares in the company, valued at $435,689.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Charles Alexander Mathis sold 1,000 shares of ScanSource stock in a transaction on Monday, May 13th. The stock was sold at an average price of $47.15, for a total value of $47,150.00. Following the completion of the sale, the director now owns 11,959 shares of the company’s stock, valued at $563,866.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brandy Ford sold 1,253 shares of ScanSource stock in a transaction on Friday, May 10th. The stock was sold at an average price of $47.26, for a total value of $59,216.78. Following the completion of the sale, the chief accounting officer now directly owns 9,219 shares of the company’s stock, valued at approximately $435,689.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,743 shares of company stock worth $454,202. 4.56% of the stock is owned by insiders.

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.