ScanSource, Inc. (NASDAQ:SCSC) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in ScanSource, Inc. (NASDAQ:SCSC) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,463 shares of the industrial products company’s stock after selling 8,167 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in ScanSource were worth $6,538,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC boosted its holdings in shares of ScanSource by 0.9% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 44,389 shares of the industrial products company’s stock valued at $1,758,000 after acquiring an additional 415 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of ScanSource by 2.1% in the first quarter. Texas Permanent School Fund Corp now owns 22,029 shares of the industrial products company’s stock valued at $970,000 after acquiring an additional 461 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of ScanSource by 5.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,361 shares of the industrial products company’s stock valued at $450,000 after acquiring an additional 538 shares in the last quarter. Swiss National Bank boosted its holdings in shares of ScanSource by 1.2% in the first quarter. Swiss National Bank now owns 49,600 shares of the industrial products company’s stock valued at $2,184,000 after acquiring an additional 600 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of ScanSource by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,572 shares of the industrial products company’s stock valued at $686,000 after acquiring an additional 813 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Insider Buying and Selling

In other ScanSource news, CEO Michael L. Baur sold 34,203 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $42.49, for a total value of $1,453,285.47. Following the sale, the chief executive officer now owns 118,080 shares of the company’s stock, valued at $5,017,219.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ScanSource news, CEO Michael L. Baur sold 34,203 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $42.49, for a total value of $1,453,285.47. Following the sale, the chief executive officer now owns 118,080 shares of the company’s stock, valued at $5,017,219.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shana C. Smith sold 2,245 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $48.00, for a total transaction of $107,760.00. Following the completion of the transaction, the executive vice president now directly owns 16,463 shares of the company’s stock, valued at approximately $790,224. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,274 shares of company stock valued at $5,479,947. Corporate insiders own 4.56% of the company’s stock.

ScanSource Price Performance

SCSC stock traded up $0.69 during trading on Tuesday, reaching $50.88. 196,768 shares of the company were exchanged, compared to its average volume of 211,832. The company has a market cap of $1.26 billion, a P/E ratio of 16.15, a PEG ratio of 1.49 and a beta of 1.45. ScanSource, Inc. has a 52-week low of $26.99 and a 52-week high of $51.87. The stock’s 50 day moving average price is $46.13 and its 200 day moving average price is $43.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 2.20.

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

About ScanSource

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.