Strs Ohio Decreases Stake in ScanSource, Inc. (NASDAQ:SCSC)

Strs Ohio lessened its stake in ScanSource, Inc. (NASDAQ:SCSC) by 18.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,700 shares of the industrial products company’s stock after selling 4,100 shares during the quarter. Strs Ohio owned 0.07% of ScanSource worth $701,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gladius Capital Management LP purchased a new position in shares of ScanSource in the 3rd quarter valued at about $36,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ScanSource by 23.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the industrial products company’s stock valued at $166,000 after buying an additional 1,034 shares during the period. Bailard Inc. purchased a new position in shares of ScanSource in the 3rd quarter valued at about $215,000. EMC Capital Management boosted its stake in shares of ScanSource by 3,872.8% in the 3rd quarter. EMC Capital Management now owns 7,151 shares of the industrial products company’s stock valued at $217,000 after buying an additional 6,971 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in ScanSource by 45.9% during the third quarter. Mackenzie Financial Corp now owns 11,138 shares of the industrial products company’s stock worth $340,000 after purchasing an additional 3,506 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

ScanSource Price Performance

SCSC stock opened at $41.90 on Friday. The business has a 50 day moving average price of $42.37 and a 200 day moving average price of $38.01. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.26 and a beta of 1.51. ScanSource, Inc. has a fifty-two week low of $26.14 and a fifty-two week high of $45.10. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.17.

ScanSource (NASDAQ:SCSC) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.14). The business had revenue of $884.79 million for the quarter, compared to analysts’ expectations of $943.10 million. ScanSource had a return on equity of 9.18% and a net margin of 2.45%. ScanSource’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. Equities research analysts anticipate that ScanSource, Inc. will post 3.39 earnings per share for the current fiscal year.

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.