ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 26,428 shares of ScanSource stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $41.37, for a total value of $1,093,326.36. Following the completion of the sale, the chief executive officer now directly owns 58,439 shares in the company, valued at approximately $2,417,621.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ SCSC opened at $40.42 on Wednesday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 13.00 and a beta of 0.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.98 and a current ratio of 1.85. ScanSource, Inc. has a twelve month low of $31.40 and a twelve month high of $44.30.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $972.90 million for the quarter, compared to the consensus estimate of $976.97 million. ScanSource had a return on equity of 9.57% and a net margin of 1.11%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, analysts anticipate that ScanSource, Inc. will post 3.57 earnings per share for the current fiscal year.

SCSC has been the topic of a number of recent research reports. BidaskClub downgraded ScanSource from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Zacks Investment Research downgraded ScanSource from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Raymond James boosted their price target on ScanSource from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Finally, ValuEngine downgraded ScanSource from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. ScanSource currently has an average rating of “Buy” and a consensus price target of $45.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in SCSC. Rehmann Capital Advisory Group acquired a new position in ScanSource during the second quarter worth approximately $161,000. ClariVest Asset Management LLC acquired a new position in ScanSource during the second quarter worth approximately $201,000. Palouse Capital Management Inc. acquired a new position in ScanSource during the second quarter worth approximately $205,000. First Citizens Bank & Trust Co. acquired a new position in ScanSource during the third quarter worth approximately $209,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in ScanSource during the second quarter worth approximately $218,000. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

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ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. It operates in two segments, Worldwide Barcode, Networking & Security (WW Barcode, Networking & Security); and Worldwide Communications & Services (WW Communications & Services).

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