Sei Investments Co. Purchases 12,216 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Sei Investments Co. grew its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,159 shares of the industrial products company’s stock after acquiring an additional 12,216 shares during the quarter. Sei Investments Co. owned 0.39% of ScanSource worth $4,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Point72 DIFC Ltd acquired a new stake in shares of ScanSource in the 3rd quarter valued at $35,000. Picton Mahoney Asset Management lifted its position in ScanSource by 50.9% during the 4th quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 758 shares during the period. Systematic Financial Management LP bought a new stake in shares of ScanSource during the 3rd quarter valued at $205,000. Versor Investments LP acquired a new position in shares of ScanSource during the 4th quarter worth about $218,000. Finally, AlphaQuest LLC raised its holdings in ScanSource by 252.4% in the fourth quarter. AlphaQuest LLC now owns 4,662 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 3,339 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

ScanSource Trading Up 1.4 %

Shares of NASDAQ:SCSC opened at $34.25 on Thursday. The firm has a market cap of $803.64 million, a price-to-earnings ratio of 13.54, a PEG ratio of 1.14 and a beta of 1.41. ScanSource, Inc. has a 12 month low of $33.22 and a 12 month high of $53.90. The company’s fifty day simple moving average is $38.33 and its 200 day simple moving average is $45.12. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 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 last year, the company earned $0.85 earnings per share. As a group, research analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Insider Transactions at ScanSource

In other news, CEO Michael L. Baur sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $38.91, for a total transaction of $583,650.00. Following the completion of the sale, the chief executive officer now owns 162,760 shares in the company, valued at $6,332,991.60. The trade was a 8.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Stephen Jones sold 2,000 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $36.14, for a total value of $72,280.00. Following the transaction, the chief financial officer now owns 69,816 shares in the company, valued at approximately $2,523,150.24. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,994 shares of company stock worth $731,702. Corporate insiders own 4.20% of the company’s stock.

ScanSource Company 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.