Citigroup Inc. grew its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 0.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 34,204 shares of the industrial products company’s stock after buying an additional 5 shares during the period. Citigroup Inc. owned 0.14% of ScanSource worth $1,379,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of ScanSource by 0.3% during the first quarter. SG Americas Securities LLC now owns 4,259 shares of the industrial products company’s stock worth $167,000 after buying an additional 14 shares during the period. Tocqueville Asset Management L.P. grew its holdings in shares of ScanSource by 0.6% during the second quarter. Tocqueville Asset Management L.P. now owns 26,317 shares of the industrial products company’s stock worth $1,061,000 after buying an additional 167 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of ScanSource by 1.1% during the second quarter. Texas Permanent School Fund now owns 18,482 shares of the industrial products company’s stock worth $745,000 after buying an additional 198 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of ScanSource by 1.5% during the first quarter. Arizona State Retirement System now owns 13,182 shares of the industrial products company’s stock worth $517,000 after buying an additional 200 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of ScanSource by 0.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,266 shares of the industrial products company’s stock worth $938,000 after buying an additional 200 shares during the last quarter. 93.98% of the stock is owned by institutional investors and hedge funds.

In other ScanSource news, Director John Patrick Reilly sold 5,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $40.70, for a total value of $203,500.00. Following the sale, the director now directly owns 16,900 shares in the company, valued at $687,830. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 9,076 shares of company stock worth $370,590 over the last ninety days. 3.03% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on SCSC. ValuEngine upgraded ScanSource from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut ScanSource from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research raised ScanSource from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Friday, September 1st. Finally, Northcoast Research downgraded ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.75.

ScanSource, Inc. (SCSC) opened at 44.60 on Tuesday. The firm has a market capitalization of $1.13 billion, a PE ratio of 16.46 and a beta of 1.16. ScanSource, Inc. has a 52 week low of $29.05 and a 52 week high of $44.95. The firm has a 50-day moving average of $39.14 and a 200 day moving average of $39.15.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings data on Tuesday, August 29th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. Analysts predict that ScanSource, Inc. will post $3.07 earnings per share for the current year.

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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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