Louisiana State Employees Retirement System acquired a new stake in shares of ScanSource, Inc. (NASDAQ:SCSC – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,500 shares of the industrial products company’s stock, valued at approximately $495,000.
Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in ScanSource by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 620,761 shares of the industrial products company’s stock valued at $18,815,000 after purchasing an additional 23,343 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in ScanSource by 53.7% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 43,974 shares of the industrial products company’s stock valued at $1,333,000 after acquiring an additional 15,372 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in ScanSource by 43.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,052 shares of the industrial products company’s stock valued at $1,608,000 after acquiring an additional 16,064 shares during the period. Raymond James & Associates bought a new position in ScanSource during the 4th quarter valued at about $1,748,000. Finally, First Hawaiian Bank lifted its stake in ScanSource by 13.7% during the 4th quarter. First Hawaiian Bank now owns 21,321 shares of the industrial products company’s stock valued at $845,000 after acquiring an additional 2,574 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.
ScanSource Price Performance
SCSC opened at $42.40 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 2.30. The stock has a market capitalization of $1.07 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.24 and a beta of 1.51. The company’s 50-day simple moving average is $42.35 and its two-hundred day simple moving average is $38.18. ScanSource, Inc. has a 52-week low of $26.14 and a 52-week high of $45.10.
ScanSource Profile
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.
Featured Articles
- Five stocks we like better than ScanSource
- 5 Top Rated Dividend Stocks to Consider
- The 3 Hottest Insiders Buys This Month
- The Most Important Warren Buffett Stock for Investors: His Own
- What Bulls and Bears May Be Getting Wrong about SOFI Stock
- What is Insider Trading? What You Can Learn from Insider Trading
- Microsoft Analysis: Trends, Predictions & Investment Insight
Want to see what other hedge funds are holding SCSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ScanSource, Inc. (NASDAQ:SCSC – Free Report).
Receive News & Ratings for ScanSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ScanSource and related companies with MarketBeat.com's FREE daily email newsletter.