Charles Schwab Investment Management Inc. Reduces Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Charles Schwab Investment Management Inc. trimmed its position in shares of ScanSource, Inc. (NASDAQ:SCSC) by 24.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 318,954 shares of the industrial products company’s stock after selling 105,480 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.36% of ScanSource worth $15,134,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of ScanSource during the third quarter worth approximately $35,000. KBC Group NV boosted its stake in ScanSource by 59.9% during the third quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock worth $57,000 after buying an additional 443 shares during the last quarter. Quest Partners LLC boosted its stake in 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 buying an additional 395 shares during the last quarter. Systematic Financial Management LP acquired a new position in ScanSource during the third quarter worth $205,000. Finally, Versor Investments LP acquired a new position in ScanSource during the fourth quarter worth $218,000. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Michael L. Baur sold 1,994 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $38.00, for a total value of $75,772.00. Following the transaction, the chief executive officer now owns 142,760 shares of the company’s stock, valued at $5,424,880. This represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

ScanSource Stock Performance

NASDAQ SCSC opened at $36.65 on Friday. The stock’s fifty day moving average is $40.97 and its two-hundred day moving average is $45.87. The firm has a market capitalization of $859.96 million, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. ScanSource, Inc. has a fifty-two week low of $35.05 and a fifty-two week high of $53.90.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings data 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 period last year, the business posted $0.85 EPS. On average, research analysts anticipate that ScanSource, Inc. will post 3.33 earnings per share for the current year.

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.