ScanSource, Inc. (NASDAQ:SCSC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,745,396 shares of the industrial products company's stock after selling 211,162 shares during the quarter. Victory Capital Management Inc. owned approximately 6.95% of ScanSource worth $69,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SCSC. Gladius Capital Management LP bought a new position in shares of ScanSource in the third quarter worth about $36,000. GAMMA Investing LLC purchased a new stake in ScanSource during the 4th quarter valued at approximately $46,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ScanSource by 23.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the industrial products company's stock valued at $166,000 after buying an additional 1,034 shares during the last quarter. Bailard Inc. bought a new stake in shares of ScanSource during the third quarter valued at approximately $215,000. Finally, EMC Capital Management lifted its holdings in shares of ScanSource by 3,872.8% in the third quarter. EMC Capital Management now owns 7,151 shares of the industrial products company's stock worth $217,000 after buying an additional 6,971 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

ScanSource Price Performance

NASDAQ SCSC traded up $0.43 on Friday, reaching $42.87. The company had a trading volume of 194,146 shares, compared to its average volume of 210,736. The stock has a market capitalization of $1.08 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.51. ScanSource, Inc. has a 12 month low of $26.14 and a 12 month high of $45.10. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.17. The firm's 50 day moving average price is $42.41 and its 200 day moving average price is $38.48.

ScanSource (NASDAQ:SCSC - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.14). ScanSource had a return on equity of 9.18% and a net margin of 2.45%. The firm had revenue of $884.79 million during the quarter, compared to the consensus estimate of $943.10 million. During the same period in the previous year, the firm earned $1.06 EPS. The business's revenue was down 12.5% compared to the same quarter last year. As a group, equities analysts predict that ScanSource, Inc. will post 3.39 earnings per share for the current year.

ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. 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.