ScanSource, Inc. (NASDAQ:SCSC) Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 512,073 shares of the industrial products company's stock after selling 18,100 shares during the quarter. LSV Asset Management owned 2.04% of ScanSource worth $20,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Summit Global Investments purchased a new position in ScanSource during the fourth quarter worth about $301,000. GAMMA Investing LLC purchased a new stake in shares of ScanSource during the fourth quarter valued at approximately $46,000. Louisiana State Employees Retirement System bought a new position in ScanSource in the 4th quarter valued at $495,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of ScanSource by 5.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,361 shares of the industrial products company's stock worth $450,000 after purchasing an additional 538 shares during the period. Finally, Pacer Advisors Inc. purchased a new position in shares of ScanSource in the 4th quarter worth about $23,236,000. Institutional investors own 97.91% of the company's stock.

ScanSource Stock Performance

SCSC traded up $0.83 during trading on Tuesday, hitting $44.86. 353,163 shares of the company traded hands, compared to its average volume of 204,289. The firm has a market cap of $1.13 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.17. ScanSource, Inc. has a one year low of $26.18 and a one year high of $47.38. The stock's fifty day moving average is $42.43 and its 200 day moving average is $38.61.

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

ScanSource 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.