Gotham Asset Management LLC purchased a new stake in ScanSource, Inc. (NASDAQ:SCSC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,432 shares of the industrial products company’s stock, valued at approximately $292,000.

Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in ScanSource by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,790 shares of the industrial products company’s stock valued at $109,000 after buying an additional 20 shares in the last quarter. Envestnet Asset Management Inc. raised its position in ScanSource by 33.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,856 shares of the industrial products company’s stock valued at $156,000 after buying an additional 973 shares during the last quarter. SG Americas Securities LLC raised its position in ScanSource by 0.3% in the first quarter. SG Americas Securities LLC now owns 4,259 shares of the industrial products company’s stock valued at $167,000 after buying an additional 14 shares during the last quarter. Mason Street Advisors LLC raised its position in ScanSource by 7.4% in the first quarter. Mason Street Advisors LLC now owns 5,905 shares of the industrial products company’s stock valued at $232,000 after buying an additional 409 shares during the last quarter. Finally, Blair William & Co. IL raised its position in ScanSource by 3.8% in the first quarter. Blair William & Co. IL now owns 6,858 shares of the industrial products company’s stock valued at $269,000 after buying an additional 250 shares during the last quarter. 94.39% of the stock is currently owned by institutional investors and hedge funds.

ScanSource, Inc. (NASDAQ SCSC) traded down 0.39% during mid-day trading on Tuesday, hitting $38.55. 55,443 shares of the stock were exchanged. The company has a 50-day moving average price of $39.74 and a 200-day moving average price of $39.79. The company has a market cap of $975.85 million, a P/E ratio of 15.65 and a beta of 1.16. ScanSource, Inc. has a one year low of $29.05 and a one year high of $44.95.

ScanSource (NASDAQ:SCSC) last posted its earnings results on Tuesday, May 9th. The industrial products company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.01. ScanSource had a return on equity of 8.41% and a net margin of 1.79%. The company had revenue of $813.50 million during the quarter, compared to analyst estimates of $833.10 million. During the same quarter last year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts predict that ScanSource, Inc. will post $2.76 earnings per share for the current fiscal year.

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SCSC has been the topic of several research reports. Zacks Investment Research lowered shares of ScanSource from a “buy” rating to a “sell” rating in a report on Saturday, May 13th. BidaskClub lowered shares of ScanSource from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $45.17.

In other news, Director Steven R. Fischer sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $40.19, for a total transaction of $200,950.00. Following the completion of the transaction, the director now directly owns 20,867 shares in the company, valued at $838,644.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael L. Baur sold 67,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.07, for a total value of $2,617,690.00. Following the transaction, the chief executive officer now owns 47,890 shares of the company’s stock, valued at $1,871,062.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,000 shares of company stock valued at $3,019,290. Corporate insiders own 3.03% of the company’s stock.

About ScanSource

ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.

Institutional Ownership by Quarter for ScanSource (NASDAQ:SCSC)

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