Quadrature Capital Ltd Sells 14,172 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Quadrature Capital Ltd reduced its position in shares of ScanSource, Inc. (NASDAQ:SCSC) by 40.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,893 shares of the industrial products company’s stock after selling 14,172 shares during the period. Quadrature Capital Ltd owned about 0.08% of ScanSource worth $827,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH acquired a new stake in ScanSource in the 4th quarter valued at about $1,419,000. Sollinda Capital Management LLC acquired a new stake in ScanSource in the 4th quarter valued at about $277,000. Dimensional Fund Advisors LP increased its position in ScanSource by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,934,258 shares of the industrial products company’s stock valued at $76,616,000 after acquiring an additional 27,751 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of ScanSource by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 620,761 shares of the industrial products company’s stock worth $18,815,000 after buying an additional 23,343 shares during the period. Finally, Pzena Investment Management LLC grew its position in shares of ScanSource by 4.9% during the 4th quarter. Pzena Investment Management LLC now owns 1,893,151 shares of the industrial products company’s stock worth $74,988,000 after buying an additional 89,103 shares during the period. 97.91% of the stock is owned by institutional investors.

ScanSource Stock Up 1.7 %

Shares of NASDAQ:SCSC opened at $44.89 on Friday. ScanSource, Inc. has a one year low of $26.99 and a one year high of $50.95. The company has a 50 day moving average of $45.46 and a 200-day moving average of $42.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 1.38. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.33 and a beta of 1.47.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.15). ScanSource had a return on equity of 8.28% and a net margin of 2.31%. The business had revenue of $752.60 million for the quarter, compared to analyst estimates of $822.10 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm’s quarterly revenue was down 15.0% compared to the same quarter last year. On average, sell-side analysts forecast that ScanSource, Inc. will post 3.31 earnings per share for the current year.

Insider Transactions at ScanSource

In related news, CAO Brandy Ford sold 1,253 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were 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 filing with the SEC, which can be accessed through the SEC website. In related news, Director Peter C. Browning sold 7,490 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $46.44, for a total transaction of $347,835.60. Following the completion of the transaction, the director now owns 22,759 shares in the company, valued at $1,056,927.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Brandy Ford sold 1,253 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $47.26, for a total transaction of $59,216.78. Following the transaction, the chief accounting officer now owns 9,219 shares of the company’s stock, valued at approximately $435,689.94. The disclosure for this sale can be found here. Insiders sold a total of 33,123 shares of company stock worth $1,565,186 in the last quarter. 4.56% of the stock is owned by company 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.