B. Metzler seel. Sohn & Co. AG Sells 1,849 Shares of ScanSource, Inc. (NASDAQ:SCSC)

B. Metzler seel. Sohn & Co. AG decreased its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 7.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 24,591 shares of the industrial products company’s stock after selling 1,849 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in ScanSource were worth $1,167,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of ScanSource by 13.1% in the fourth quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company’s stock worth $36,030,000 after acquiring an additional 87,721 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of ScanSource by 15.6% in the fourth quarter. JPMorgan Chase & Co. now owns 436,007 shares of the industrial products company’s stock valued at $20,689,000 after purchasing an additional 58,927 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in ScanSource by 12.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 220,923 shares of the industrial products company’s stock worth $10,611,000 after purchasing an additional 24,264 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in ScanSource by 1.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 194,809 shares of the industrial products company’s stock worth $9,357,000 after buying an additional 2,300 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in ScanSource by 5.1% in the 4th quarter. Empowered Funds LLC now owns 136,305 shares of the industrial products company’s stock valued at $6,468,000 after buying an additional 6,592 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

ScanSource Stock Down 7.8 %

NASDAQ SCSC opened at $31.59 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. ScanSource, Inc. has a 52 week low of $31.10 and a 52 week high of $53.90. The stock has a market capitalization of $741.23 million, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. The stock has a fifty day moving average of $37.94 and a 200-day moving average of $45.03.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the business earned $0.85 earnings per share. On average, equities research analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Michael L. Baur sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $38.91, for a total transaction of $583,650.00. Following the sale, the chief executive officer now owns 162,760 shares of the company’s stock, valued at approximately $6,332,991.60. This trade represents a 8.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen Jones sold 2,000 shares of the business’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 transaction, the chief financial officer now directly owns 69,816 shares of the company’s stock, valued at approximately $2,523,150.24. The trade was a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,994 shares of company stock valued at $731,702. Company insiders own 4.20% of the company’s stock.

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.