State of Alaska Department of Revenue Decreases Holdings in ScanSource, Inc. (NASDAQ:SCSC)

State of Alaska Department of Revenue reduced its position in ScanSource, Inc. (NASDAQ:SCSC) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,454 shares of the industrial products company’s stock after selling 519 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of ScanSource worth $590,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of ScanSource by 18.3% in the 3rd quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company’s stock valued at $131,828,000 after acquiring an additional 425,233 shares during the period. Wasatch Advisors LP boosted its holdings in shares of ScanSource by 13.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company’s stock valued at $52,737,000 after acquiring an additional 127,883 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of ScanSource by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company’s stock worth $18,111,000 after acquiring an additional 91,069 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of ScanSource by 12.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 220,923 shares of the industrial products company’s stock worth $10,611,000 after purchasing an additional 24,264 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of ScanSource by 1.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 194,809 shares of the industrial products company’s stock worth $9,357,000 after purchasing an additional 2,300 shares during the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

ScanSource Stock Up 0.2 %

Shares of SCSC opened at $37.42 on Friday. ScanSource, Inc. has a 52 week low of $36.63 and a 52 week high of $53.90. The company has a market capitalization of $877.87 million, a price-to-earnings ratio of 14.79, a PEG ratio of 1.16 and a beta of 1.43. The stock’s 50-day moving average price is $47.07 and its 200-day moving average price is $47.89. 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 posted its 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 return on equity of 8.55% and a net margin of 2.08%. During the same quarter in the previous year, the business earned $0.85 EPS. On average, sell-side analysts predict that ScanSource, Inc. will post 3.33 EPS for the current year.

Insider Activity

In other news, CEO Michael L. Baur sold 15,081 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $49.57, for a total transaction of $747,565.17. Following the completion of the sale, the chief executive officer now owns 177,760 shares of the company’s stock, valued at $8,811,563.20. This represents a 7.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brandy Ford sold 1,845 shares of ScanSource stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $49.38, for a total value of $91,106.10. Following the transaction, the chief accounting officer now owns 9,506 shares in the company, valued at approximately $469,406.28. The trade was a 16.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,232 shares of company stock worth $1,905,215 over the last three months. 4.20% of the stock is currently owned by corporate 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.