1 week Ago By ABMN Staff
JPMorgan Chase & Co. increased its position in shares of ScanSource, Inc. ( NASDAQ:SCSC – Free Report ) by 15.
6% in the fourth quarter, Holdings Channel.com reports. The firm owned 436,007 shares of the industrial products company’s stock after purchasing an additional 58,927 shares during the quarter.
JPMorgan Chase & Co.’s holdings in ScanSource were worth $20,689,000 at the end of the most recent quarter. Several other hedge funds also recently added to or reduced their stakes in the company.
The Manufacturers Life Insurance Company boosted its holdings in ScanSource by 26.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 11,899 shares of the industrial products company’s stock valued at $572,000 after acquiring an additional 2,459 shares during the period.
Jane Street Group LLC lifted its position in shares of ScanSource by 6.2% during the third quarter. Jane Street Group LLC now owns 56,980 shares of the industrial products company’s stock worth $2,737,000 after purchasing an additional 3,307 shares during the last quarter.
Public Employees Retirement System of Ohio boosted its stake in shares of ScanSource by 42.4% during the third quarter. Public Employees Retirement System of Ohio now owns 16,047 shares of the industrial products company’s stock valued at $771,000 after purchasing an additional 4,780 shares during the period.
Barclays PLC grew its holdings in shares of ScanSource by 97.9% in the third quarter. Barclays PLC now owns 54,346 shares of the industrial products company’s stock worth $2,610,000 after purchasing an additional 26,881 shares during the last quarter.
Finally, Sanctuary Advisors LLC purchased a new position in ScanSource in the 3rd quarter worth about $499,000. 97.91% of the stock is currently owned by institutional investors.
ScanSource Price Performance ScanSource stock opened at $31.03 on Friday. The company has a debt-to-equity ratio of 0.
15, a current ratio of 2.11 and a quick ratio of 1.30.
The stock has a market cap of $728.09 million, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 1.
14 and a beta of 1.34. The firm has a 50-day moving average of $35.
71 and a two-hundred day moving average of $44.20. ScanSource, Inc.
has a 1 year low of $28.75 and a 1 year high of $53.90.
Insider Activity In other ScanSource news, CEO Michael L. Baur sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $38.
91, for a total transaction of $583,650.00. Following the transaction, the chief executive officer now owns 162,760 shares of the company’s stock, valued at approximately $6,332,991.
60. This trade represents a 8.44 % decrease in their position.
The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, CFO Stephen Jones sold 2,000 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $36.
14, for a total transaction of $72,280.00. Following the completion of the sale, the chief financial officer now owns 69,816 shares of the company’s stock, valued at approximately $2,523,150.
24. This represents a 2.78 % decrease in their position.
The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 18,994 shares of company stock worth $731,702. Company insiders own 4.
20% of the company’s stock. About ScanSource ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding SCSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ScanSource, Inc.
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