Amundi Grows Stock Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Amundi raised its stake in ScanSource, Inc. (NASDAQ:SCSC) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,584 shares of the industrial products company’s stock after buying an additional 1,176 shares during the period. Amundi owned approximately 0.08% of ScanSource worth $937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in ScanSource by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company’s stock worth $131,828,000 after purchasing an additional 425,233 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of ScanSource by 13.2% during the 3rd quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company’s stock worth $52,737,000 after buying an additional 127,883 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of ScanSource during the 4th quarter worth $5,687,000. JPMorgan Chase & Co. boosted its position in shares of ScanSource by 31.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company’s stock worth $18,111,000 after buying an additional 91,069 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in ScanSource by 142.2% in the 4th quarter. Victory Capital Management Inc. now owns 119,599 shares of the industrial products company’s stock valued at $5,675,000 after acquiring an additional 70,228 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

ScanSource Stock Performance

Shares of SCSC opened at $37.17 on Thursday. ScanSource, Inc. has a 12-month low of $35.05 and a 12-month high of $53.90. The stock has a market cap of $872.16 million, a P/E ratio of 14.69, a PEG ratio of 1.14 and a beta of 1.41. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $41.19 and a two-hundred day moving average of $45.93.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data 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 return on equity of 8.55% and a net margin of 2.08%. During the same period last year, the company earned $0.85 EPS. As a group, research analysts predict that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Insider Activity

In other news, CEO Michael L. Baur sold 1,994 shares of ScanSource stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.00, for a total transaction of $75,772.00. Following the completion of the sale, the chief executive officer now directly owns 142,760 shares in the company, valued at $5,424,880. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.20% of the company’s stock.

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.