Deutsche Bank AG Grows Position in ScanSource, Inc. (NASDAQ:SCSC)

Deutsche Bank AG boosted its holdings in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 47.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,510 shares of the industrial products company's stock after acquiring an additional 6,629 shares during the period. Deutsche Bank AG owned 0.09% of ScanSource worth $973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SCSC. Quarry LP raised its stake in ScanSource by 948.7% in the 4th 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 period. New Age Alpha Advisors LLC bought a new position in ScanSource during the 4th quarter worth $64,000. Picton Mahoney Asset Management increased its position in 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 buying an additional 758 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in ScanSource during the 4th quarter worth $126,000. Finally, Tower Research Capital LLC TRC increased its position in ScanSource by 42.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,862 shares of the industrial products company's stock worth $136,000 after buying an additional 848 shares during the period. Institutional investors own 97.91% of the company's stock.

Insider Activity at ScanSource

In other ScanSource news, CFO Stephen Jones sold 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $36.14, for a total value of $72,280.00. Following the completion of the sale, the chief financial officer now owns 69,816 shares in the company, valued at approximately $2,523,150.24. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by company insiders.

ScanSource Stock Performance

Shares of NASDAQ SCSC traded down $0.31 during trading on Friday, reaching $40.34. 256,382 shares of the stock traded hands, compared to its average volume of 233,236. ScanSource, Inc. has a 52-week low of $28.75 and a 52-week high of $53.90. 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 company has a 50-day moving average of $35.22 and a 200-day moving average of $41.42. The stock has a market capitalization of $911.52 million, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.14 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SCSC shares. Wall Street Zen upgraded ScanSource from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. 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.

ScanSource Company 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.