ScanSource, Inc. (SCSC) CEO Michael L. Baur Sells 5,435 Shares
ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 5,435 shares of ScanSource stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $43.80, for a total transaction of $238,053.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
ScanSource, Inc. (NASDAQ:SCSC) traded up 0.80% during trading on Tuesday, hitting $44.25. 45,564 shares of the company’s stock traded hands. The stock has a market cap of $1.13 billion, a P/E ratio of 16.33 and a beta of 1.16. The company’s 50 day moving average is $40.10 and its 200-day moving average is $39.32. ScanSource, Inc. has a 12 month low of $29.05 and a 12 month high of $44.95.
ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Tuesday, August 29th. The industrial products company reported $0.68 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.68. ScanSource had a net margin of 1.94% and a return on equity of 8.76%. The firm had revenue of $917.30 million for the quarter, compared to analysts’ expectations of $894.17 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that ScanSource, Inc. will post $3.07 earnings per share for the current year.
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Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in shares of ScanSource by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 42,294 shares of the industrial products company’s stock valued at $1,704,000 after buying an additional 438 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of ScanSource during the second quarter valued at approximately $221,000. State Street Corp grew its holdings in shares of ScanSource by 3.6% during the second quarter. State Street Corp now owns 674,361 shares of the industrial products company’s stock valued at $27,177,000 after buying an additional 23,694 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of ScanSource by 44.3% during the second quarter. Gotham Asset Management LLC now owns 10,721 shares of the industrial products company’s stock valued at $432,000 after buying an additional 3,289 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of ScanSource by 8.0% during the second quarter. Voya Investment Management LLC now owns 13,394 shares of the industrial products company’s stock valued at $540,000 after buying an additional 994 shares during the last quarter. Hedge funds and other institutional investors own 93.98% of the company’s stock.
Several equities analysts have commented on the stock. Northcoast Research cut shares of ScanSource from a “buy” rating to a “neutral” rating in a research report on Monday, October 2nd. BidaskClub cut shares of ScanSource from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of ScanSource from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of ScanSource from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. ScanSource has an average rating of “Hold” and a consensus target price of $45.75.
ScanSource Company Profile
ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.
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