Systematic Financial Management LP lowered its stake in ScanSource, Inc. (NASDAQ:SCSC) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,440 shares of the industrial products company’s stock after selling 1,200 shares during the period. Systematic Financial Management LP owned about 0.16% of ScanSource worth $1,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SCSC. SG Americas Securities LLC raised its position in shares of ScanSource by 0.3% during the 1st quarter. SG Americas Securities LLC now owns 4,259 shares of the industrial products company’s stock worth $167,000 after acquiring an additional 14 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of ScanSource by 0.6% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 26,317 shares of the industrial products company’s stock worth $1,061,000 after acquiring an additional 167 shares in the last quarter. Texas Permanent School Fund raised its position in shares of ScanSource by 1.1% during the 2nd quarter. Texas Permanent School Fund now owns 18,482 shares of the industrial products company’s stock worth $745,000 after acquiring an additional 198 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of ScanSource by 2.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the industrial products company’s stock worth $404,000 after acquiring an additional 200 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of ScanSource by 1.5% during the 1st quarter. Arizona State Retirement System now owns 13,182 shares of the industrial products company’s stock worth $517,000 after acquiring an additional 200 shares in the last quarter. 94.11% of the stock is currently owned by institutional investors.

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ScanSource, Inc. (SCSC) opened at 40.35 on Friday. ScanSource, Inc. has a 52-week low of $29.05 and a 52-week high of $44.95. The firm’s 50-day moving average price is $38.15 and its 200 day moving average price is $39.03. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings data on Tuesday, August 29th. The industrial products company reported $0.68 earnings per share for the quarter, hitting the consensus estimate of $0.68. The business had revenue of $917.30 million during the quarter, compared to analyst estimates of $894.17 million. ScanSource had a return on equity of 8.76% and a net margin of 1.94%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. On average, equities research analysts forecast that ScanSource, Inc. will post $3.07 EPS for the current year.

Several equities research analysts have recently weighed in on SCSC shares. Zacks Investment Research raised ScanSource from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub lowered ScanSource from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, ValuEngine raised ScanSource from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.75.

ScanSource Profile

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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