Strs Ohio Purchases 400 Shares of ScanSource, Inc. (SCSC)

Strs Ohio boosted its position in ScanSource, Inc. (NASDAQ:SCSC) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 21,800 shares of the industrial products company’s stock after buying an additional 400 shares during the period. Strs Ohio’s holdings in ScanSource were worth $878,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in ScanSource by 42,757.8% in the first quarter. BlackRock Inc. now owns 3,121,763 shares of the industrial products company’s stock worth $122,529,000 after buying an additional 3,114,479 shares during the period. Geode Capital Management LLC raised its position in ScanSource by 8.0% in the first quarter. Geode Capital Management LLC now owns 400,568 shares of the industrial products company’s stock worth $15,722,000 after buying an additional 29,524 shares during the period. Schwab Charles Investment Management Inc. raised its position in ScanSource by 10.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 238,866 shares of the industrial products company’s stock worth $9,376,000 after buying an additional 22,733 shares during the period. Oxford Asset Management bought a new position in ScanSource during the first quarter worth approximately $1,111,000. Finally, Nordea Investment Management AB raised its position in ScanSource by 1.0% in the first quarter. Nordea Investment Management AB now owns 373,252 shares of the industrial products company’s stock worth $14,650,000 after buying an additional 3,641 shares during the period. Institutional investors own 94.67% of the company’s stock.

ScanSource, Inc. (SCSC) opened at 37.40 on Friday. The firm’s 50-day moving average price is $39.51 and its 200-day moving average price is $39.62. The company has a market cap of $946.74 million, a price-to-earnings ratio of 15.18 and a beta of 1.16. ScanSource, Inc. has a 1-year low of $29.05 and a 1-year high of $44.95.

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A number of research firms have commented on SCSC. BidaskClub lowered ScanSource from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded ScanSource from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. ScanSource has a consensus rating of “Hold” and a consensus target price of $45.17.

In other ScanSource news, CEO Michael L. Baur sold 67,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $39.07, for a total transaction of $2,617,690.00. Following the sale, the chief executive officer now owns 47,890 shares in the company, valued at $1,871,062.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven R. Fischer sold 5,000 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $40.19, for a total value of $200,950.00. Following the sale, the director now owns 20,867 shares in the company, valued at approximately $838,644.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,000 shares of company stock worth $3,019,290. Company insiders own 3.03% of the company’s stock.

ScanSource Company Profile

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.

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Institutional Ownership by Quarter for ScanSource (NASDAQ:SCSC)

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