Invesco Ltd. Has $29.33 Million Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Invesco Ltd. boosted its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 618,099 shares of the industrial products company’s stock after purchasing an additional 14,669 shares during the quarter. Invesco Ltd. owned 2.63% of ScanSource worth $29,329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SCSC. New Age Alpha Advisors LLC acquired a new stake in shares of ScanSource in the fourth quarter valued at approximately $64,000. Picton Mahoney Asset Management increased its stake in ScanSource by 50.9% during the 4th quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 758 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in ScanSource in the 4th quarter valued at $126,000. KLP Kapitalforvaltning AS bought a new stake in shares of ScanSource during the 4th quarter valued at $204,000. Finally, Versor Investments LP acquired a new stake in shares of ScanSource during the 4th quarter worth $218,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Insider Buying and Selling at ScanSource

In other ScanSource news, CFO Stephen Jones sold 2,000 shares of the business’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 of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael L. Baur sold 15,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $38.91, for a total transaction of $583,650.00. Following the completion of the transaction, the chief executive officer now directly owns 162,760 shares of the company’s stock, valued at $6,332,991.60. This trade represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,994 shares of company stock valued at $731,702. 4.20% of the stock is currently owned by corporate insiders.

ScanSource Stock Up 1.4 %

SCSC stock opened at $31.74 on Friday. ScanSource, Inc. has a 52 week low of $28.75 and a 52 week high of $53.90. The business has a 50-day simple moving average of $34.93 and a 200 day simple moving average of $43.65. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The company has a market cap of $744.75 million, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34.

ScanSource (NASDAQ:SCSC) last issued 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 net margin of 2.08% and a return on equity of 8.55%. During the same quarter last year, the firm earned $0.85 earnings per share. Sell-side analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

ScanSource Profile

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.