Stephen Jones Sells 2,000 Shares of ScanSource, Inc. (NASDAQ:SCSC) Stock

ScanSource, Inc. (NASDAQ:SCSC) CFO Stephen Jones sold 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $36.14, for a total transaction of $72,280.00. Following the completion of the transaction, the chief financial officer now owns 69,816 shares in the company, valued at approximately $2,523,150.24. The trade was a 2.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

ScanSource Stock Down 0.9 %

Shares of ScanSource stock opened at $35.44 on Friday. The company has a 50-day simple moving average of $39.68 and a two-hundred day simple moving average of $45.43. The stock has a market capitalization of $831.56 million, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. ScanSource, Inc. has a 52-week low of $34.49 and a 52-week high of $53.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.04). ScanSource had a net margin of 2.08% and a return on equity of 8.55%. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Institutional Investors Weigh In On ScanSource

Institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd bought a new position in ScanSource during the 3rd quarter valued at about $35,000. Quarry LP raised its holdings in shares of ScanSource by 948.7% during the fourth quarter. Quarry LP now owns 797 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 721 shares during the last quarter. Quest Partners LLC lifted its position in ScanSource by 42.6% during the third quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 395 shares during the period. New Age Alpha Advisors LLC purchased a new stake in ScanSource in the fourth quarter worth approximately $64,000. Finally, Point72 Asset Management L.P. bought a new stake in ScanSource in the 4th quarter worth approximately $81,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

About ScanSource

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. 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.