Thrivent Financial for Lutherans Sells 915 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Thrivent Financial for Lutherans cut its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,937 shares of the industrial products company’s stock after selling 915 shares during the period. Thrivent Financial for Lutherans’ holdings in ScanSource were worth $804,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in ScanSource by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company’s stock valued at $18,111,000 after purchasing an additional 91,069 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of ScanSource by 12.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 220,923 shares of the industrial products company’s stock valued at $10,611,000 after buying an additional 24,264 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of ScanSource by 1.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 194,809 shares of the industrial products company’s stock valued at $9,357,000 after buying an additional 2,300 shares in the last quarter. Empowered Funds LLC grew its position in shares of ScanSource by 5.1% in the 4th quarter. Empowered Funds LLC now owns 136,305 shares of the industrial products company’s stock worth $6,468,000 after buying an additional 6,592 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of ScanSource in the 4th quarter worth approximately $5,687,000. 97.91% of the stock is currently owned by institutional investors.

ScanSource Stock Performance

Shares of SCSC opened at $34.25 on Thursday. ScanSource, Inc. has a 12 month low of $33.22 and a 12 month high of $53.90. The stock has a fifty day moving average price of $38.33 and a 200-day moving average price of $45.12. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market cap of $803.64 million, a PE ratio of 13.54, a P/E/G ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share 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 company posted $0.85 EPS. Equities research analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

Insider Buying and Selling at ScanSource

In related news, CFO Stephen Jones sold 2,000 shares of ScanSource stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $36.14, for a total value of $72,280.00. Following the sale, the chief financial officer now directly owns 69,816 shares in the company, valued at approximately $2,523,150.24. The trade was a 2.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael L. Baur sold 1,994 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $38.00, for a total value of $75,772.00. Following the sale, the chief executive officer now owns 142,760 shares of the company’s stock, valued at $5,424,880. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,994 shares of company stock valued at $731,702. Corporate insiders own 4.20% of the company’s stock.

ScanSource Company 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.