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 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 sale, the chief financial officer now directly owns 69,816 shares in the company, valued at approximately $2,523,150.24. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

ScanSource Stock Down 1.4 %

Shares of NASDAQ:SCSC opened at $35.76 on Thursday. The company has a market cap of $839.07 million, a price-to-earnings ratio of 14.13, a PEG ratio of 1.14 and a beta of 1.41. ScanSource, Inc. has a one year low of $34.49 and a one year high of $53.90. The firm has a fifty day moving average price of $39.97 and a two-hundred day moving average price of $45.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30.

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

Institutional Investors Weigh In On ScanSource

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new position in ScanSource in the 3rd quarter worth approximately $35,000. Quarry LP grew its position in ScanSource by 948.7% in the fourth quarter. Quarry LP now owns 797 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 721 shares in the last quarter. Quest Partners LLC increased its stake in ScanSource by 42.6% in the third quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 395 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in ScanSource during the fourth quarter valued at about $64,000. Finally, Point72 Asset Management L.P. bought a new stake in ScanSource during the fourth quarter worth about $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.