ScanSource, Inc. (NASDAQ:SCSC) Shares Bought by Barclays PLC

Barclays PLC raised its stake in ScanSource, Inc. (NASDAQ:SCSC) by 97.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,346 shares of the industrial products company’s stock after buying an additional 26,881 shares during the period. Barclays PLC owned approximately 0.23% of ScanSource worth $2,610,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Royce & Associates LP raised its holdings in ScanSource by 177.3% during the third quarter. Royce & Associates LP now owns 21,432 shares of the industrial products company’s stock worth $1,029,000 after purchasing an additional 13,703 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of ScanSource during the 3rd quarter worth $1,674,000. Cornercap Investment Counsel Inc. purchased a new stake in shares of ScanSource in the 2nd quarter worth about $524,000. Pacer Advisors Inc. grew its stake in ScanSource by 54.2% in the 2nd quarter. Pacer Advisors Inc. now owns 2,319,469 shares of the industrial products company’s stock valued at $102,776,000 after acquiring an additional 815,240 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in ScanSource by 97.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 33,939 shares of the industrial products company’s stock valued at $1,630,000 after acquiring an additional 16,746 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

ScanSource Stock Up 1.2 %

Shares of NASDAQ SCSC opened at $48.57 on Wednesday. The firm’s 50-day moving average is $49.31 and its two-hundred day moving average is $47.75. The company has a market capitalization of $1.16 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44. ScanSource, Inc. has a 12-month low of $31.01 and a 12-month high of $53.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.03 and a quick ratio of 1.27.

ScanSource (NASDAQ:SCSC) last posted its earnings results 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. The firm had revenue of $775.58 million for the quarter, compared to analyst estimates of $774.90 million. ScanSource had a return on equity of 8.53% and a net margin of 2.49%. ScanSource’s revenue was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. Equities analysts anticipate that ScanSource, Inc. will post 3.51 EPS for the current fiscal year.

Insider Activity at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 29,617 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brandy Ford sold 1,845 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total transaction of $91,106.10. Following the completion of the transaction, the chief accounting officer now directly owns 9,506 shares of the company’s stock, valued at approximately $469,406.28. This represents a 16.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,855 shares of company stock valued at $2,702,949 over the last quarter. 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.