ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 13,700 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $43.94, for a total value of $601,978.00. Following the completion of the transaction, the chief executive officer now owns 35,209 shares in the company, valued at $1,547,083.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of ScanSource, Inc. (NASDAQ:SCSC) traded up 0.11% during trading on Friday, reaching $44.30. The company’s stock had a trading volume of 69,539 shares. The stock’s 50 day moving average is $39.70 and its 200 day moving average is $39.25. The firm has a market cap of $1.13 billion, a P/E ratio of 16.35 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 issued its quarterly earnings results on Tuesday, August 29th. The industrial products company reported $0.68 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. The company had revenue of $917.30 million for the quarter, compared to analysts’ expectations of $894.17 million. ScanSource had a return on equity of 8.76% and a net margin of 1.94%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, equities analysts forecast that ScanSource, Inc. will post $3.07 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in ScanSource by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,974 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 446 shares in the last quarter. SG Americas Securities LLC boosted its holdings 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 worth $167,000 after acquiring an additional 14 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in ScanSource by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 4,996 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 2,206 shares in the last quarter. CHICAGO TRUST Co NA bought a new stake in ScanSource in the second quarter worth $218,000. Finally, Piedmont Investment Advisors LLC bought a new stake in ScanSource in the second quarter worth $221,000. 93.98% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on SCSC. Northcoast Research cut ScanSource from a “buy” rating to a “neutral” rating in a report on Monday. BidaskClub cut ScanSource from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research upgraded ScanSource from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine upgraded ScanSource from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $45.75.

ScanSource Company 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.

Insider Buying and Selling by Quarter for ScanSource (NASDAQ:SCSC)

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