ScanSource, Inc. (NASDAQ:SCSC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of ScanSource, Inc. (NASDAQ:SCSC) by 24.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,954 shares of the industrial products company’s stock after selling 105,480 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ScanSource were worth $15,134,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SCSC. Point72 DIFC Ltd acquired a new position in ScanSource during the 3rd quarter worth about $35,000. KBC Group NV lifted its stake in ScanSource by 59.9% during the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 443 shares in the last quarter. Quest Partners LLC lifted its stake in ScanSource by 42.6% during the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 395 shares in the last quarter. Systematic Financial Management LP acquired a new position in ScanSource during the 3rd quarter worth about $205,000. Finally, Versor Investments LP acquired a new position in ScanSource during the 4th quarter worth about $218,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

ScanSource Price Performance

SCSC opened at $36.65 on Friday. The stock’s 50-day moving average price is $40.97 and its 200 day moving average price is $45.87. ScanSource, Inc. has a 12-month low of $35.05 and a 12-month high of $53.90. 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 $859.96 million, a price-to-earnings ratio of 14.49, a PEG ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC) last issued 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 return on equity of 8.55% and a net margin of 2.08%. During the same period in the previous year, the company posted $0.85 EPS. As a group, sell-side analysts expect that ScanSource, Inc. will post 3.33 earnings per share for the current year.

Insiders Place Their Bets

In other ScanSource news, CEO Michael L. Baur sold 1,994 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.00, for a total transaction of $75,772.00. Following the sale, the chief executive officer now owns 142,760 shares in the company, valued at $5,424,880. This represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is owned by company insiders.

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.