ScanSource, Inc. (SCSC) CEO Michael L. Baur Sells 5,435 Shares of Stock

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 5,435 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $43.80, for a total value of $238,053.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of ScanSource, Inc. (NASDAQ SCSC) opened at 44.25 on Wednesday. ScanSource, Inc. has a 52-week low of $29.05 and a 52-week high of $44.95. The firm’s 50-day moving average price is $40.31 and its 200-day moving average price is $39.35. The stock has a market cap of $1.13 billion, a P/E ratio of 16.33 and a beta of 1.16.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings results on Tuesday, August 29th. The industrial products company reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. The business had revenue of $917.30 million for the quarter, compared to analysts’ expectations of $894.17 million. ScanSource had a net margin of 1.94% and a return on equity of 8.76%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. Equities analysts predict that ScanSource, Inc. will post $3.07 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “ScanSource, Inc. (SCSC) CEO Michael L. Baur Sells 5,435 Shares of Stock” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/10/11/scansource-inc-scsc-ceo-michael-l-baur-sells-5435-shares-of-stock.html.

SCSC has been the topic of a number of research reports. ValuEngine upgraded ScanSource from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded ScanSource from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded ScanSource from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, September 1st. Finally, Northcoast Research downgraded ScanSource from a “buy” rating to a “neutral” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. ScanSource currently has an average rating of “Hold” and a consensus price target of $45.75.

Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of ScanSource by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,974 shares of the industrial products company’s stock valued at $120,000 after buying an additional 446 shares in the last quarter. SG Americas Securities LLC raised its position in shares of ScanSource by 0.3% during the 1st quarter. SG Americas Securities LLC now owns 4,259 shares of the industrial products company’s stock valued at $167,000 after buying an additional 14 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of ScanSource by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,996 shares of the industrial products company’s stock valued at $201,000 after buying an additional 2,206 shares in the last quarter. CHICAGO TRUST Co NA purchased a new stake in shares of ScanSource during the 2nd quarter valued at about $218,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of ScanSource during the 2nd quarter valued at about $221,000. Institutional investors and hedge funds own 93.98% of the company’s stock.

About ScanSource

ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.

NASDAQ SCSC) opened at 44.25 on Wednesday. ScanSource, Inc. has a 52-week low of $29.05 and a 52-week high of $44.95. The firm’s 50-day moving average price is $40.31 and its 200-day moving average price is $39.35. The stock has a market cap of $1.13 billion, a P/E ratio of 16.33 and a beta of 1.16.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings results on Tuesday, August 29th. The industrial products company reported $0.68 EPS for the quarter, hitting the consensus estimate of $0.68. The business had revenue of $917.30 million for the quarter, compared to analysts’ expectations of $894.17 million. ScanSource had a net margin of 1.94% and a return on equity of 8.76%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. Equities analysts predict that ScanSource, Inc. will post $3.07 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “ScanSource, Inc. (SCSC) CEO Michael L. Baur Sells 5,435 Shares of Stock” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://ledgergazette.com/2017/10/11/scansource-inc-scsc-ceo-michael-l-baur-sells-5435-shares-of-stock.html.

SCSC has been the topic of a number of research reports. ValuEngine upgraded ScanSource from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded ScanSource from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded ScanSource from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, September 1st. Finally, Northcoast Research downgraded ScanSource from a “buy” rating to a “neutral” rating in a research report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. ScanSource currently has an average rating of “Hold” and a consensus price target of $45.75.

Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of ScanSource by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,974 shares of the industrial products company’s stock valued at $120,000 after buying an additional 446 shares in the last quarter. SG Americas Securities LLC raised its position in shares of ScanSource by 0.3% during the 1st quarter. SG Americas Securities LLC now owns 4,259 shares of the industrial products company’s stock valued at $167,000 after buying an additional 14 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of ScanSource by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,996 shares of the industrial products company’s stock valued at $201,000 after buying an additional 2,206 shares in the last quarter. CHICAGO TRUST Co NA purchased a new stake in shares of ScanSource during the 2nd quarter valued at about $218,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of ScanSource during the 2nd quarter valued at about $221,000. Institutional investors and hedge funds own 93.98% of the company’s stock.

About ScanSource

ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.

Insider Buying and Selling by Quarter for ScanSource (NASDAQ:SCSC)

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