Swiss National Bank lifted its position in ScanSource, Inc. (NASDAQ:SCSC) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,000 shares of the industrial products company’s stock after acquiring an additional 3,500 shares during the period. Swiss National Bank owned 0.18% of ScanSource worth $1,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. grew its position in ScanSource by 1.9% during the 3rd quarter. Prudential Financial Inc. now owns 321,379 shares of the industrial products company’s stock worth $14,028,000 after purchasing an additional 5,950 shares during the period. Assenagon Asset Management S.A. acquired a new stake in ScanSource during the 4th quarter worth about $4,330,000. Convergence Investment Partners LLC acquired a new stake in ScanSource during the 3rd quarter worth about $1,759,000. Crossmark Global Holdings Inc. acquired a new stake in ScanSource during the 3rd quarter worth about $533,000. Finally, State Street Corp boosted its stake in shares of ScanSource by 3.6% during the 2nd quarter. State Street Corp now owns 674,361 shares of the industrial products company’s stock worth $27,177,000 after acquiring an additional 23,694 shares in the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ScanSource, Inc. (SCSC) opened at $34.90 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.26 and a current ratio of 2.15. ScanSource, Inc. has a 12 month low of $31.40 and a 12 month high of $45.35. The stock has a market cap of $886.05, a PE ratio of 20.47, a PEG ratio of 3.66 and a beta of 1.05.
Several research firms have recently issued reports on SCSC. ValuEngine lowered shares of ScanSource from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub lowered shares of ScanSource from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Finally, Zacks Investment Research raised shares of ScanSource from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $38.00.
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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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