Johnson Financial Group Inc. Makes New Investment in ScanSource, Inc. (NASDAQ:SCSC)

Johnson Financial Group Inc. acquired a new position in ScanSource, Inc. (NASDAQ:SCSCFree Report) during the 4th quarter, HoldingsChannel reports. The fund acquired 7,675 shares of the industrial products company’s stock, valued at approximately $304,000.

Other hedge funds have also added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in shares of ScanSource in the third quarter valued at approximately $36,000. GAMMA Investing LLC bought a new stake in shares of ScanSource in the fourth quarter valued at approximately $46,000. 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 purchasing an additional 1,034 shares during the period. 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 purchasing an additional 6,971 shares during the period. Finally, Summit Global Investments bought a new stake in shares of ScanSource in the fourth quarter valued at approximately $301,000. Institutional investors own 97.91% of the company’s stock.

Insider Activity

In other news, Director Charles Alexander Mathis sold 1,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $47.15, for a total value of $47,150.00. Following the completion of the sale, the director now owns 11,959 shares of the company’s stock, valued at approximately $563,866.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Peter C. Browning sold 7,490 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $46.44, for a total transaction of $347,835.60. Following the completion of the sale, the director now directly owns 22,759 shares in the company, valued at approximately $1,056,927.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charles Alexander Mathis sold 1,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $47.15, for a total transaction of $47,150.00. Following the sale, the director now owns 11,959 shares of the company’s stock, valued at $563,866.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,743 shares of company stock valued at $454,202. Corporate insiders own 4.56% of the company’s stock.

ScanSource Stock Performance

Shares of NASDAQ SCSC traded up $0.01 during midday trading on Friday, hitting $49.63. The company’s stock had a trading volume of 213,055 shares, compared to its average volume of 197,254. The stock has a fifty day moving average price of $43.93 and a 200 day moving average price of $40.26. ScanSource, Inc. has a one year low of $26.99 and a one year high of $50.95. The company has a current ratio of 2.20, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 1.50 and a beta of 1.51.

ScanSource (NASDAQ:SCSCGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.15). ScanSource had a net margin of 2.31% and a return on equity of 8.28%. The business had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $822.10 million. During the same period last year, the company posted $0.96 EPS. ScanSource’s revenue for the quarter was down 15.0% on a year-over-year basis. On average, research analysts forecast that ScanSource, Inc. will post 3.31 EPS for the current fiscal year.

ScanSource Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ScanSource (NASDAQ:SCSC)

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