Pacer Advisors Inc. Has $94.43 Million Stock Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Pacer Advisors Inc. trimmed its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 27.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,990,149 shares of the industrial products company’s stock after selling 754,553 shares during the period. Pacer Advisors Inc. owned approximately 8.35% of ScanSource worth $94,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Exchange Traded Concepts LLC raised its holdings in shares of ScanSource by 1.1% during the third quarter. Exchange Traded Concepts LLC now owns 20,387 shares of the industrial products company’s stock worth $979,000 after acquiring an additional 220 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in ScanSource by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,440 shares of the industrial products company’s stock worth $418,000 after purchasing an additional 308 shares during the last quarter. Martingale Asset Management L P increased its position in ScanSource by 0.6% in the 3rd quarter. Martingale Asset Management L P now owns 58,169 shares of the industrial products company’s stock worth $2,794,000 after purchasing an additional 340 shares during the last quarter. Quest Partners LLC raised its stake in shares of 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 purchasing an additional 395 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of ScanSource by 59.9% during the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock valued at $57,000 after buying an additional 443 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

ScanSource Trading Down 0.4 %

NASDAQ:SCSC opened at $51.02 on Monday. The company has a market capitalization of $1.22 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.46 and a beta of 1.45. The stock’s 50 day moving average price is $49.96 and its 200 day moving average price is $48.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03. ScanSource, Inc. has a 52 week low of $31.01 and a 52 week high of $53.90.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. The company had revenue of $775.58 million for the quarter, compared to analyst estimates of $774.90 million. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. ScanSource’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.74 EPS. On average, research analysts forecast that ScanSource, Inc. will post 3.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Brandy Ford sold 1,845 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total value of $91,106.10. Following the transaction, the chief accounting officer now directly owns 9,506 shares in the company, valued at approximately $469,406.28. This trade represents a 16.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael L. Baur sold 29,617 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $49.20, for a total transaction of $1,457,156.40. Following the transaction, the chief executive officer now directly owns 177,760 shares of the company’s stock, valued at approximately $8,745,792. This represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,855 shares of company stock valued at $2,702,949 over the last quarter. Insiders own 4.20% of the company’s stock.

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.