2 weeks Ago By ABMN Staff
Legal & General Group Plc increased its stake in shares of ScanSource, Inc. ( NASDAQ:SCSC – Free Report ) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 62,470 shares of the industrial products company’s stock after acquiring an additional 2,481 shares during the period. Legal & General Group Plc owned about 0.27% of ScanSource worth $2,964,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in ScanSource by 13.
1% in the 4th quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company’s stock worth $36,030,000 after purchasing an additional 87,721 shares in the last quarter.
Invesco Ltd. boosted its holdings in ScanSource by 2.4% during the fourth quarter.
Invesco Ltd. now owns 618,099 shares of the industrial products company’s stock worth $29,329,000 after buying an additional 14,669 shares in the last quarter. JPMorgan Chase & Co.
grew its position in ScanSource by 15.6% during the fourth quarter. JPMorgan Chase & Co.
now owns 436,007 shares of the industrial products company’s stock valued at $20,689,000 after buying an additional 58,927 shares during the period. Empowered Funds LLC increased its holdings in ScanSource by 5.1% in the fourth quarter.
Empowered Funds LLC now owns 136,305 shares of the industrial products company’s stock valued at $6,468,000 after buying an additional 6,592 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of ScanSource in the fourth quarter worth about $5,687,000.
97.91% of the stock is currently owned by hedge funds and other institutional investors. Insiders Place Their Bets In related news, CFO Stephen Jones sold 2,000 shares of the company’s stock in a transaction dated Friday, March 21st.
The shares were sold at an average price of $36.14, for a total transaction of $72,280.00.
Following the completion of the transaction, the chief financial officer now owns 69,816 shares in the company, valued at $2,523,150.24. This represents a 2.
78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Michael L.
Baur sold 1,994 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.00, for a total transaction of $75,772.
00. Following the completion of the transaction, the chief executive officer now directly owns 142,760 shares in the company, valued at $5,424,880. This represents a 1.
38 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 18,994 shares of company stock worth $731,702.
Company insiders own 4.20% of the company’s stock. ScanSource Price Performance ScanSource ( NASDAQ:SCSC – Get Free Report ) last issued its quarterly earnings data on Thursday, January 30th.
The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.
04). ScanSource had a net margin of 2.08% and a return on equity of 8.
55%. During the same period last year, the business earned $0.85 earnings per share.
As a group, equities analysts expect that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.
ScanSource Profile ( Free Report ) 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.
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