Teacher Retirement System of Texas bought a new stake in shares of ScanSource, Inc. (NASDAQ:SCSC) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,777 shares of the industrial products company’s stock, valued at approximately $314,000.
Other large investors also recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in ScanSource during the 3rd quarter valued at $202,000. Victory Capital Management Inc. grew its holdings in ScanSource by 94.5% during the 3rd quarter. Victory Capital Management Inc. now owns 5,785 shares of the industrial products company’s stock valued at $253,000 after buying an additional 2,811 shares during the last quarter. SG Americas Securities LLC grew its holdings in ScanSource by 26.5% during the 3rd quarter. SG Americas Securities LLC now owns 6,030 shares of the industrial products company’s stock valued at $263,000 after buying an additional 1,262 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in ScanSource by 34.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 13,961 shares of the industrial products company’s stock valued at $609,000 after buying an additional 3,604 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in ScanSource by 19.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 14,562 shares of the industrial products company’s stock valued at $521,000 after buying an additional 2,356 shares during the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.
Shares of ScanSource stock opened at $34.25 on Thursday. ScanSource, Inc. has a fifty-two week low of $31.40 and a fifty-two week high of $45.35. The company has a current ratio of 2.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $841.30, a price-to-earnings ratio of 20.15, a PEG ratio of 3.47 and a beta of 1.05.
ScanSource (NASDAQ:SCSC) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.10. ScanSource had a return on equity of 9.06% and a net margin of 1.18%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $965.15 million. During the same quarter last year, the firm earned $0.75 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. research analysts expect that ScanSource, Inc. will post 3.16 EPS for the current fiscal year.
A number of equities research analysts have commented on SCSC shares. ValuEngine cut ScanSource from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. BidaskClub upgraded ScanSource from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 20th. Finally, Zacks Investment Research upgraded ScanSource from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $38.00.
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ScanSource Company Profile
ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.
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