Sei Investments Co. Purchases 12,216 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Sei Investments Co. raised its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,159 shares of the industrial products company’s stock after buying an additional 12,216 shares during the quarter. Sei Investments Co.’s holdings in ScanSource were worth $4,373,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in ScanSource in the 3rd quarter worth $35,000. Picton Mahoney Asset Management lifted its position in ScanSource by 50.9% during the fourth quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 758 shares during the last quarter. Systematic Financial Management LP purchased a new position in shares of ScanSource in the 3rd quarter worth $205,000. Versor Investments LP bought a new stake in shares of ScanSource in the 4th quarter worth about $218,000. Finally, AlphaQuest LLC boosted its holdings in shares of ScanSource by 252.4% in the 4th quarter. AlphaQuest LLC now owns 4,662 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 3,339 shares during the period. Institutional investors own 97.91% of the company’s stock.

Insider Buying and Selling

In related news, CFO Stephen Jones sold 2,000 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $36.14, for a total value of $72,280.00. Following the completion of the sale, the chief financial officer now owns 69,816 shares of the company’s stock, valued at approximately $2,523,150.24. This represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael L. Baur sold 1,994 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.00, for a total transaction of $75,772.00. Following the completion of the sale, the chief executive officer now owns 142,760 shares in the company, valued at approximately $5,424,880. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,994 shares of company stock valued at $731,702 over the last 90 days. Insiders own 4.20% of the company’s stock.

ScanSource Stock Up 1.4 %

Shares of NASDAQ SCSC opened at $34.25 on Thursday. 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 firm has a 50-day simple moving average of $38.33 and a two-hundred day simple moving average of $45.12. ScanSource, Inc. has a 1 year low of $33.22 and a 1 year high of $53.90. The company has a market cap of $803.64 million, a P/E ratio of 13.54, a PEG ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC) last posted 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 in the previous year, the business posted $0.85 earnings per share. Research analysts anticipate that ScanSource, Inc. will post 3.33 earnings per share for the current 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.