Alps Advisors Inc. purchased a new position in ScanSource (NASDAQ:SCSC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,907 shares of the industrial products company’s stock, valued at approximately $565,000. Alps Advisors Inc. owned approximately 0.06% of ScanSource as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of ScanSource during the third quarter worth approximately $202,000. Jefferies Group LLC increased its holdings in shares of ScanSource by 50.4% during the fourth quarter. Jefferies Group LLC now owns 7,865 shares of the industrial products company’s stock worth $282,000 after buying an additional 2,634 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of ScanSource during the fourth quarter worth approximately $314,000. MetLife Investment Advisors LLC acquired a new stake in shares of ScanSource during the fourth quarter worth approximately $435,000. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of ScanSource by 19.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 14,562 shares of the industrial products company’s stock worth $521,000 after buying an additional 2,356 shares in the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.
SCSC opened at $37.60 on Friday. ScanSource has a one year low of $36.95 and a one year high of $37.20. The company has a current ratio of 2.09, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The company has a market cap of $953.84 million, a PE ratio of 12.35, a P/E/G ratio of 4.00 and a beta of 1.02.
ScanSource (NASDAQ:SCSC) last released its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). ScanSource had a net margin of 1.11% and a return on equity of 9.01%. The company had revenue of $895.64 million for the quarter, compared to the consensus estimate of $878.70 million. During the same period last year, the company earned $0.65 earnings per share. ScanSource’s revenue for the quarter was up 10.1% compared to the same quarter last year. equities analysts anticipate that ScanSource will post 3.11 EPS for the current fiscal year.
SCSC has been the subject of several recent analyst reports. Zacks Investment Research raised shares of ScanSource from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Friday, May 11th. BidaskClub raised shares of ScanSource from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine lowered shares of ScanSource from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Northcoast Research raised shares of ScanSource from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Monday, March 26th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. ScanSource currently has a consensus rating of “Hold” and an average price target of $42.00.
ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. The company's Worldwide Barcode, Networking & Security segment focuses on automatic identification and data capture (AIDC), point-of-sale (POS), networking, electronic physical security, 3D printing, and other specialty technologies.
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