ScanSource, Inc. (NASDAQ:SCSC) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 5.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,361 shares of the industrial products company’s stock after acquiring an additional 538 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in ScanSource were worth $450,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in ScanSource during the third quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ScanSource by 23.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the industrial products company’s stock valued at $166,000 after buying an additional 1,034 shares during the last quarter. Bailard Inc. acquired a new stake in shares of ScanSource in the third quarter valued at about $215,000. EMC Capital Management raised its position in shares of ScanSource by 3,872.8% in the third quarter. EMC Capital Management now owns 7,151 shares of the industrial products company’s stock valued at $217,000 after buying an additional 6,971 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of ScanSource by 45.9% in the third quarter. Mackenzie Financial Corp now owns 11,138 shares of the industrial products company’s stock valued at $340,000 after buying an additional 3,506 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

ScanSource Price Performance

Shares of NASDAQ SCSC opened at $41.97 on Friday. The firm has a 50-day simple moving average of $42.35 and a 200-day simple moving average of $38.04. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.17. ScanSource, Inc. has a 52 week low of $26.14 and a 52 week high of $45.10.

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

ScanSource Profile

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.