ScanSource, Inc. (NASDAQ:SCSC) Stock Holdings Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in ScanSource, Inc. (NASDAQ:SCSC) by 13.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,828 shares of the industrial products company’s stock after selling 1,956 shares during the period. BNP Paribas Financial Markets’ holdings in ScanSource were worth $616,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in ScanSource in the 3rd quarter worth about $30,000. CWM LLC raised its position in shares of ScanSource by 164.1% in the second quarter. CWM LLC now owns 647 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 402 shares during the period. nVerses Capital LLC acquired a new stake in shares of ScanSource in the second quarter worth $40,000. Quest Partners LLC bought a new stake in shares of ScanSource during the 2nd quarter worth $41,000. Finally, KBC Group NV grew its stake in ScanSource by 59.9% in the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock valued at $57,000 after buying an additional 443 shares during the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

ScanSource Stock Down 1.0 %

Shares of NASDAQ:SCSC opened at $52.56 on Friday. The company has a quick ratio of 1.27, a current ratio of 2.03 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.25 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.49 and a beta of 1.44. ScanSource, Inc. has a 12 month low of $31.01 and a 12 month high of $53.82. The company’s 50-day moving average price is $49.00 and its two-hundred day moving average price is $47.63.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. ScanSource had a return on equity of 8.53% and a net margin of 2.49%. The firm had revenue of $775.58 million during the quarter, compared to analysts’ expectations of $774.90 million. During the same period in the prior year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. As a group, research analysts forecast that ScanSource, Inc. will post 3.51 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James downgraded ScanSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 15th.

Insider Buying and Selling

In other news, CEO Michael L. Baur sold 15,081 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $49.57, for a total transaction of $747,565.17. Following the sale, the chief executive officer now directly owns 177,760 shares in the company, valued at approximately $8,811,563.20. The trade was a 7.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 53,010 shares of company stock valued at $2,611,843 over the last 90 days. 4.20% of the stock is owned by corporate insiders.

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.