ScanSource, Inc. (NASDAQ:SCSC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,344 shares of the industrial products company’s stock after selling 2,780 shares during the period. New York State Teachers Retirement System’s holdings in ScanSource were worth $2,057,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SCSC. Raymond James & Associates increased its position in shares of ScanSource by 5.1% during the third quarter. Raymond James & Associates now owns 99,963 shares of the industrial products company’s stock worth $4,801,000 after purchasing an additional 4,877 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of ScanSource during the third quarter worth $1,674,000. Robeco Institutional Asset Management B.V. increased its position in shares of ScanSource by 90.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 13,035 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 6,194 shares in the last quarter. Olympiad Research LP acquired a new position in shares of ScanSource during the third quarter worth $277,000. Finally, KBC Group NV increased its position in shares of ScanSource by 59.9% in the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 443 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

ScanSource Price Performance

NASDAQ SCSC opened at $37.20 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30. The stock’s fifty day moving average price is $45.57 and its 200 day moving average price is $47.50. ScanSource, Inc. has a 1 year low of $36.63 and a 1 year high of $53.90. The company has a market cap of $872.86 million, a price-to-earnings ratio of 14.70, a PEG ratio of 1.14 and a beta of 1.43.

ScanSource (NASDAQ:SCSC) last released its earnings results 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 last year, the company earned $0.85 earnings per share. As a group, equities research analysts forecast that ScanSource, Inc. will post 3.33 earnings per share for the current year.

Insider Buying and Selling at ScanSource

In other news, CAO Brandy Ford sold 1,845 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $49.38, for a total transaction of $91,106.10. Following the sale, the chief accounting officer now directly owns 9,506 shares of the company’s stock, valued at $469,406.28. This represents a 16.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the chief executive officer now directly owns 162,760 shares in the company, valued at approximately $6,332,991.60. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,839 shares of company stock valued at $750,528. 4.20% of the stock is owned by insiders.

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.