ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) CAO Brandy Ford sold 1,845 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $49.38, for a total transaction of $91,106.10. Following the transaction, the chief accounting officer now owns 9,506 shares of the company's stock, valued at approximately $469,406.28. This trade represents a 16.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
SCSC stock traded down $1.97 during mid-day trading on Friday, reaching $47.58. 1,981,867 shares of the stock traded hands, compared to its average volume of 216,049. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a 52-week low of $31.01 and a 52-week high of $53.90. The company has a market cap of $1.13 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.50 and a beta of 1.44. The stock's fifty day moving average is $49.33 and its 200-day moving average is $47.72.
ScanSource (NASDAQ:SCSC - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The company had revenue of $775.58 million during the quarter, compared to analyst estimates of $774.90 million. During the same period in the prior year, the firm earned $0.74 earnings per share. The business's quarterly revenue was down 11.5% on a year-over-year basis. As a group, sell-side analysts expect that ScanSource, Inc. will post 3.51 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of ScanSource by 164.1% during the second quarter. CWM LLC now owns 647 shares of the industrial products company's stock worth $29,000 after purchasing an additional 402 shares during the period. Gladius Capital Management LP acquired a new stake in shares of ScanSource during the third quarter worth approximately $30,000. Point72 DIFC Ltd acquired a new stake in shares of ScanSource during the third quarter worth approximately $35,000. nVerses Capital LLC acquired a new stake in ScanSource in the second quarter valued at approximately $40,000. Finally, Quest Partners LLC acquired a new stake in ScanSource in the second quarter valued at approximately $41,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.
ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.
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