Pzena Investment Management LLC Has $48.53 Million Position in ScanSource, Inc. (SCSC)

Pzena Investment Management LLC decreased its position in ScanSource, Inc. (NASDAQ:SCSC) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,216,386 shares of the industrial products company’s stock after selling 8,000 shares during the period. Pzena Investment Management LLC’s holdings in ScanSource were worth $48,534,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Legal & General Group Plc increased its stake in ScanSource by 2.4% in the 2nd quarter. Legal & General Group Plc now owns 63,763 shares of the industrial products company’s stock valued at $2,579,000 after buying an additional 1,468 shares during the last quarter. Wells Fargo & Company MN increased its stake in ScanSource by 2.6% in the 3rd quarter. Wells Fargo & Company MN now owns 62,050 shares of the industrial products company’s stock valued at $2,476,000 after buying an additional 1,569 shares during the last quarter. Balter Liquid Alternatives LLC increased its stake in ScanSource by 14.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 13,473 shares of the industrial products company’s stock valued at $551,000 after buying an additional 1,746 shares during the last quarter. GSA Capital Partners LLP increased its stake in ScanSource by 20.3% in the 2nd quarter. GSA Capital Partners LLP now owns 11,793 shares of the industrial products company’s stock valued at $475,000 after buying an additional 1,993 shares during the last quarter. Finally, Aperio Group LLC increased its stake in ScanSource by 20.1% in the 2nd quarter. Aperio Group LLC now owns 13,332 shares of the industrial products company’s stock valued at $537,000 after buying an additional 2,231 shares during the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.

In other news, Director Charles R. Whitchurch sold 5,700 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $42.00, for a total transaction of $239,400.00. Following the completion of the transaction, the director now directly owns 13,900 shares of the company’s stock, valued at approximately $583,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael L. Baur sold 26,428 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $41.37, for a total transaction of $1,093,326.36. Following the transaction, the chief executive officer now directly owns 58,439 shares of the company’s stock, valued at $2,417,621.43. The disclosure for this sale can be found here. Insiders have sold a total of 57,967 shares of company stock valued at $2,399,028 over the last three months. Insiders own 2.35% of the company’s stock.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of ScanSource from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. BidaskClub upgraded shares of ScanSource from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. ValuEngine upgraded shares of ScanSource from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, Raymond James increased their price objective on shares of ScanSource from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, August 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.33.

ScanSource stock opened at $37.55 on Friday. ScanSource, Inc. has a twelve month low of $31.40 and a twelve month high of $44.30. The company has a market cap of $958.24 million, a PE ratio of 12.07 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 1.85 and a debt-to-equity ratio of 0.32.

ScanSource (NASDAQ:SCSC) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. ScanSource had a net margin of 1.11% and a return on equity of 9.57%. The firm had revenue of $972.90 million during the quarter, compared to the consensus estimate of $976.97 million. During the same period in the prior year, the firm earned $0.76 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts expect that ScanSource, Inc. will post 3.57 EPS for the current fiscal year.

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ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. It operates in two segments, Worldwide Barcode, Networking & Security (WW Barcode, Networking & Security); and Worldwide Communications & Services (WW Communications & Services).

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Institutional Ownership by Quarter for ScanSource (NASDAQ:SCSC)

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