ScanSource, Inc. (NASDAQ:SCSC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in ScanSource, Inc. (NASDAQ:SCSC) by 10.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,745,396 shares of the industrial products company’s stock after selling 211,162 shares during the period. Victory Capital Management Inc. owned 0.07% of ScanSource worth $69,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in ScanSource by 5.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,361 shares of the industrial products company’s stock worth $450,000 after acquiring an additional 538 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of ScanSource by 23.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 1,034 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of ScanSource in the 4th quarter valued at $46,000. Gladius Capital Management LP purchased a new position in shares of ScanSource during the 3rd quarter worth $36,000. Finally, First Hawaiian Bank increased its position in shares of ScanSource by 13.7% during the 4th quarter. First Hawaiian Bank now owns 21,321 shares of the industrial products company’s stock worth $845,000 after purchasing an additional 2,574 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

ScanSource Stock Up 1.0 %

Shares of SCSC opened at $42.87 on Friday. The company’s 50-day moving average price is $42.41 and its 200 day moving average price is $38.44. ScanSource, Inc. has a 12-month low of $26.14 and a 12-month high of $45.10. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.08 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.51.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.14). ScanSource had a net margin of 2.45% and a return on equity of 9.18%. The company had revenue of $884.79 million during the quarter, compared to analysts’ expectations of $943.10 million. During the same period last year, the firm posted $1.06 earnings per share. ScanSource’s revenue was down 12.5% on a year-over-year basis. On average, sell-side analysts forecast that ScanSource, Inc. will post 3.39 earnings per share for the current year.

About ScanSource

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.