Harbor Capital Advisors Inc. Has $478,000 Stock Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Harbor Capital Advisors Inc. reduced its stake in ScanSource, Inc. (NASDAQ:SCSC) by 14.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,064 shares of the industrial products company’s stock after selling 1,638 shares during the period. Harbor Capital Advisors Inc.’s holdings in ScanSource were worth $478,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SCSC. Gladius Capital Management LP bought a new stake in ScanSource in the 3rd quarter valued at about $30,000. Point72 DIFC Ltd acquired a new stake in ScanSource in the third quarter valued at approximately $35,000. Quest Partners LLC bought a new stake in shares of ScanSource during the second quarter valued at approximately $41,000. KBC Group NV raised its position in shares of ScanSource by 59.9% during the third quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 443 shares during the period. Finally, Systematic Financial Management LP bought a new position in shares of ScanSource in the 3rd quarter worth $205,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

ScanSource Stock Performance

NASDAQ SCSC opened at $49.30 on Wednesday. The company has a market cap of $1.17 billion, a P/E ratio of 15.80, a PEG ratio of 1.50 and a beta of 1.45. The company has a fifty day simple moving average of $49.81 and a 200 day simple moving average of $48.07. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a 12-month low of $31.01 and a 12-month high of $53.90.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The firm had revenue of $775.58 million during the quarter, compared to analysts’ expectations of $774.90 million. During the same period last year, the company earned $0.74 earnings per share. The business’s revenue was down 11.5% on a year-over-year basis. Sell-side analysts predict that ScanSource, Inc. will post 3.51 earnings per share for the current fiscal year.

Insider Transactions at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 29,617 shares of ScanSource stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $49.20, for a total transaction of $1,457,156.40. Following the transaction, the chief executive officer now owns 177,760 shares of the company’s stock, valued at $8,745,792. This trade represents a 14.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brandy Ford sold 1,845 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $49.38, for a total value of $91,106.10. Following the completion of the transaction, the chief accounting officer now owns 9,506 shares in the company, valued at $469,406.28. The trade was a 16.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,855 shares of company stock valued at $2,702,949 over the last ninety days. 4.20% of the stock is currently owned by insiders.

About ScanSource

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. 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.