New York State Common Retirement Fund Buys 887 Shares of ScanSource, Inc. (NASDAQ:SCSC)

New York State Common Retirement Fund boosted its position in ScanSource, Inc. (NASDAQ:SCSC) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,596 shares of the industrial products company’s stock after acquiring an additional 887 shares during the quarter. New York State Common Retirement Fund’s holdings in ScanSource were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its position in shares of ScanSource by 3.5% during the 4th quarter. Sanctuary Advisors LLC now owns 10,103 shares of the industrial products company’s stock valued at $479,000 after purchasing an additional 338 shares during the last quarter. Martingale Asset Management L P grew its position in ScanSource by 0.6% during the third quarter. Martingale Asset Management L P now owns 58,169 shares of the industrial products company’s stock valued at $2,794,000 after acquiring an additional 340 shares during the last quarter. Quest Partners LLC grew its position in ScanSource by 42.6% during the third quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 395 shares during the last quarter. KBC Group NV raised its stake 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 acquiring an additional 443 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of ScanSource in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

ScanSource Price Performance

Shares of ScanSource stock opened at $35.61 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. ScanSource, Inc. has a 52-week low of $35.46 and a 52-week high of $53.90. The company has a fifty day moving average of $44.00 and a 200-day moving average of $47.02. The stock has a market capitalization of $835.55 million, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.04). ScanSource had a net margin of 2.08% and a return on equity of 8.55%. During the same quarter in the previous year, the business earned $0.85 EPS. Equities research analysts expect that ScanSource, Inc. will post 3.33 EPS for the current year.

Insider Activity at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 1,994 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.00, for a total value of $75,772.00. Following the transaction, the chief executive officer now owns 142,760 shares in the company, valued at approximately $5,424,880. The trade was a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brandy Ford sold 1,845 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $49.38, for a total transaction of $91,106.10. Following the sale, the chief accounting officer now owns 9,506 shares of the company’s stock, valued at approximately $469,406.28. This represents a 16.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,839 shares of company stock worth $750,528 in the last ninety days. 4.20% of the stock is owned by company 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.