Dana Investment Advisors Inc. Acquires 15,196 Shares of ScanSource, Inc. $SCSC

Dana Investment Advisors Inc. increased its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 7.3% during the 4th quarter, HoldingsChannel reports. The firm owned 224,048 shares of the industrial products company’s stock after purchasing an additional 15,196 shares during the period. Dana Investment Advisors Inc.’s holdings in ScanSource were worth $8,751,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SCSC. Wasatch Advisors LP lifted its holdings in shares of ScanSource by 34.9% during the 3rd quarter. Wasatch Advisors LP now owns 1,139,573 shares of the industrial products company’s stock valued at $50,130,000 after purchasing an additional 294,624 shares in the last quarter. SG Americas Securities LLC raised its position in ScanSource by 2,835.9% in the 4th quarter. SG Americas Securities LLC now owns 283,756 shares of the industrial products company’s stock valued at $11,084,000 after buying an additional 274,091 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in ScanSource by 65.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 389,915 shares of the industrial products company’s stock valued at $17,152,000 after buying an additional 154,518 shares during the last quarter. Jane Street Group LLC raised its position in ScanSource by 148.3% in the 1st quarter. Jane Street Group LLC now owns 199,799 shares of the industrial products company’s stock valued at $6,795,000 after buying an additional 119,317 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in ScanSource by 333.8% in the 4th quarter. Teacher Retirement System of Texas now owns 153,041 shares of the industrial products company’s stock valued at $5,978,000 after buying an additional 117,762 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered ScanSource from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Zacks Research raised ScanSource from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.00.

Insider Buying and Selling at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 21,173 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $35.76, for a total transaction of $757,146.48. Following the transaction, the chief executive officer owned 161,339 shares of the company’s stock, valued at $5,769,482.64. The trade was a 11.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.18% of the stock is owned by company insiders.

ScanSource Stock Down 1.9%

Shares of ScanSource stock opened at $42.11 on Friday. The business’s 50 day simple moving average is $38.51 and its 200 day simple moving average is $39.52. ScanSource, Inc. has a 52-week low of $33.76 and a 52-week high of $46.63. The firm has a market cap of $856.10 million, a PE ratio of 12.76, a P/E/G ratio of 0.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.20 and a current ratio of 1.86.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Thursday, May 7th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03. The firm had revenue of $758.59 million for the quarter, compared to analyst estimates of $738.55 million. ScanSource had a return on equity of 9.35% and a net margin of 2.38%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 EPS. On average, analysts predict that ScanSource, Inc. will post 3.9 earnings per share for the current fiscal year.

About ScanSource

ScanSource, Inc is a global provider of technology products and solutions designed to help businesses enhance operational efficiency and customer engagement. The company specializes in the distribution of point-of-sale (POS) systems, barcode and data capture devices, networking and communications equipment, and value-added software and cloud services. By combining hardware, software and professional services, ScanSource supports channel partners in delivering end-to-end solutions across multiple industries, including retail, hospitality, healthcare and logistics.

Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource has built a broad international footprint, serving customers throughout North, Central and South America as well as Europe, the Middle East and Africa.