ScanSource (NASDAQ:SCSC) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

Several other brokerages have also recently commented on SCSC. ValuEngine upgraded shares of ScanSource from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of ScanSource from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. TheStreet cut shares of ScanSource from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Northcoast Research downgraded shares of ScanSource from a “buy” rating to a “neutral” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.75.

Shares of ScanSource (NASDAQ:SCSC) traded down $0.20 during midday trading on Thursday, hitting $35.05. 191,182 shares of the company traded hands, compared to its average volume of 94,226. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.08. ScanSource has a 12-month low of $33.55 and a 12-month high of $45.35. The firm has a market capitalization of $896.01, a PE ratio of 12.38, a price-to-earnings-growth ratio of 3.93 and a beta of 1.03.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.76 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). ScanSource had a net margin of 1.65% and a return on equity of 8.78%. The company had revenue of $924.56 million during the quarter, compared to analyst estimates of $966.20 million. During the same quarter last year, the business earned $0.68 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. research analysts forecast that ScanSource will post 2.98 earnings per share for the current fiscal year.

In other ScanSource news, CEO Michael L. Baur sold 17,621 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $44.32, for a total transaction of $780,962.72. Following the completion of the transaction, the chief executive officer now directly owns 35,209 shares in the company, valued at approximately $1,560,462.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael L. Baur sold 44,565 shares of the firm’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $44.16, for a total transaction of $1,967,990.40. The disclosure for this sale can be found here. Insiders have sold a total of 90,397 shares of company stock valued at $3,959,574 over the last 90 days. 2.35% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. Teachers Advisors LLC grew its holdings in shares of ScanSource by 2.4% during the first quarter. Teachers Advisors LLC now owns 58,605 shares of the industrial products company’s stock worth $2,300,000 after buying an additional 1,368 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of ScanSource during the first quarter worth about $2,599,000. Credit Suisse AG grew its holdings in shares of ScanSource by 23.8% during the first quarter. Credit Suisse AG now owns 43,470 shares of the industrial products company’s stock worth $1,707,000 after buying an additional 8,356 shares in the last quarter. Aperio Group LLC grew its holdings in shares of ScanSource by 15.0% during the second quarter. Aperio Group LLC now owns 9,594 shares of the industrial products company’s stock worth $387,000 after buying an additional 1,251 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of ScanSource by 1.9% during the second quarter. Strs Ohio now owns 21,800 shares of the industrial products company’s stock worth $878,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 94.42% of the company’s stock.

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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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