Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 79,467 ScanSource, Inc. (NASDAQ:SCSC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in ScanSource, Inc. (NASDAQ:SCSC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 79,467 shares of the industrial products company's stock, valued at approximately $3,771,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.34% of ScanSource at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of ScanSource by 948.7% during the fourth quarter. Quarry LP now owns 797 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 721 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of ScanSource during the fourth quarter valued at $64,000. Point72 Asset Management L.P. acquired a new stake in shares of ScanSource during the 4th quarter worth about $81,000. Picton Mahoney Asset Management boosted its stake in shares of ScanSource by 50.9% during the 4th quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company's stock worth $106,000 after purchasing an additional 758 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of ScanSource during the 4th quarter worth about $126,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on SCSC. Northcoast Research raised ScanSource from a "neutral" rating to a "buy" rating and set a $42.00 price target on the stock in a research note on Tuesday, May 6th. Wall Street Zen raised shares of ScanSource from a "hold" rating to a "buy" rating in a research report on Monday, May 12th.

ScanSource Trading Up 0.8%

Shares of SCSC traded up $0.34 during mid-day trading on Thursday, reaching $41.43. The company had a trading volume of 170,839 shares, compared to its average volume of 232,686. The stock has a market cap of $936.15 million, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 1.14 and a beta of 1.30. ScanSource, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $53.90. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $35.70 and a 200-day simple moving average of $41.24.

ScanSource (NASDAQ:SCSC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $704.23 million for the quarter, compared to analysts' expectations of $809.17 million. ScanSource had a net margin of 2.08% and a return on equity of 8.55%. ScanSource's revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. On average, sell-side analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Insider Transactions at ScanSource

In related news, CFO Stephen Jones sold 2,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $36.14, for a total value of $72,280.00. Following the transaction, the chief financial officer now owns 69,816 shares in the company, valued at approximately $2,523,150.24. The trade was a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.20% of the company's stock.

ScanSource Profile

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.