ScanSource, Inc. (SCSC) Stake Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,135,932 shares of the industrial products company’s stock after selling 9,249 shares during the quarter. Dimensional Fund Advisors LP owned approximately 8.38% of ScanSource worth $93,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. grew its position in shares of ScanSource by 0.6% during the second quarter. Tocqueville Asset Management L.P. now owns 26,317 shares of the industrial products company’s stock worth $1,061,000 after buying an additional 167 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in ScanSource by 0.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 23,266 shares of the industrial products company’s stock worth $938,000 after purchasing an additional 200 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in ScanSource by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 42,294 shares of the industrial products company’s stock worth $1,704,000 after purchasing an additional 438 shares during the last quarter. Victory Capital Management Inc. lifted its stake in ScanSource by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,974 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 446 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in ScanSource by 12.0% during the second quarter. SG Americas Securities LLC now owns 4,768 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 509 shares during the last quarter. 94.35% of the stock is owned by institutional investors and hedge funds.

ScanSource, Inc. (NASDAQ SCSC) opened at $35.20 on Friday. ScanSource, Inc. has a one year low of $33.55 and a one year high of $45.35. The stock has a market capitalization of $906.20, a price-to-earnings ratio of 12.52, a P/E/G ratio of 3.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.94.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). ScanSource had a return on equity of 8.78% and a net margin of 1.65%. The firm had revenue of $924.56 million for the quarter, compared to the consensus estimate of $966.20 million. During the same quarter last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. analysts predict that ScanSource, Inc. will post 2.98 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. BidaskClub upgraded ScanSource from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research upgraded ScanSource from a “sell” rating to a “hold” rating in a research note on Wednesday, November 29th. TheStreet cut ScanSource from a “b” rating to a “c+” rating in a research note on Wednesday, November 8th. ValuEngine cut ScanSource from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Northcoast Research cut ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. ScanSource presently has a consensus rating of “Hold” and a consensus target price of $45.75.

In other ScanSource news, CEO Michael L. Baur sold 44,565 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $44.16, for a total value of $1,967,990.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael L. Baur sold 5,435 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $43.80, for a total value of $238,053.00. The disclosure for this sale can be found here. Insiders sold 81,321 shares of company stock worth $3,588,984 over the last quarter. 2.35% of the stock is currently owned by company insiders.

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ScanSource 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.

Institutional Ownership by Quarter for ScanSource (NASDAQ:SCSC)

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