Swiss National Bank Has $2.13 Million Stock Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Swiss National Bank lowered its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,900 shares of the industrial products company’s stock after selling 1,000 shares during the period. Swiss National Bank owned approximately 0.19% of ScanSource worth $2,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new position in ScanSource during the 3rd quarter worth approximately $35,000. Quest Partners LLC raised its position in shares of ScanSource by 42.6% during the third quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 395 shares during the period. Systematic Financial Management LP bought a new position in shares of ScanSource in the 3rd quarter worth $205,000. Versor Investments LP acquired a new stake in ScanSource in the 4th quarter valued at $218,000. Finally, AlphaQuest LLC grew its position in ScanSource by 252.4% in the 4th quarter. AlphaQuest LLC now owns 4,662 shares of the industrial products company’s stock valued at $221,000 after purchasing an additional 3,339 shares during the period. Institutional investors own 97.91% of the company’s stock.

Insider Activity at ScanSource

In related news, CEO Michael L. Baur sold 1,994 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was 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 of the company’s stock, valued at approximately $5,424,880. This trade represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen Jones sold 2,000 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $36.14, for a total value of $72,280.00. Following the completion of the transaction, the chief financial officer now directly owns 69,816 shares in the company, valued at approximately $2,523,150.24. This represents a 2.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,994 shares of company stock valued at $731,702 over the last 90 days. Insiders own 4.20% of the company’s stock.

ScanSource Stock Performance

SCSC opened at $35.44 on Friday. ScanSource, Inc. has a 1-year low of $34.49 and a 1-year high of $53.90. The company has a market cap of $831.56 million, a price-to-earnings ratio of 14.01, a PEG ratio of 1.14 and a beta of 1.41. The company’s fifty day moving average price is $39.68 and its two-hundred day moving average price is $45.43. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15.

ScanSource (NASDAQ:SCSC) last posted its earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business posted $0.85 earnings per share. On average, analysts expect that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

ScanSource Profile

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.