ScanSource, Inc. (SCSC) Stake Held by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. continued to hold its position in shares of ScanSource, Inc. (NASDAQ:SCSC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,900 shares of the industrial products company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in ScanSource were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of ScanSource by 42,757.8% in the first quarter. BlackRock Inc. now owns 3,121,763 shares of the industrial products company’s stock worth $122,529,000 after buying an additional 3,114,479 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ScanSource by 8.0% in the first quarter. Geode Capital Management LLC now owns 400,568 shares of the industrial products company’s stock worth $15,722,000 after buying an additional 29,524 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of ScanSource by 10.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 238,866 shares of the industrial products company’s stock worth $9,376,000 after buying an additional 22,733 shares during the last quarter. Oxford Asset Management purchased a new position in shares of ScanSource during the first quarter worth about $1,111,000. Finally, Nordea Investment Management AB boosted its position in shares of ScanSource by 1.0% in the first quarter. Nordea Investment Management AB now owns 373,252 shares of the industrial products company’s stock worth $14,650,000 after buying an additional 3,641 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

ScanSource, Inc. (NASDAQ SCSC) opened at 37.40 on Friday. The company has a 50-day moving average of $39.51 and a 200-day moving average of $39.62. The company has a market cap of $946.74 million, a PE ratio of 15.18 and a beta of 1.16. ScanSource, Inc. has a 52 week low of $29.05 and a 52 week high of $44.95.

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SCSC has been the topic of a number of analyst reports. Zacks Investment Research cut shares of ScanSource from a “buy” rating to a “sell” rating in a research note on Saturday, May 13th. BidaskClub cut shares of ScanSource from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $45.17.

In other ScanSource news, CEO Michael L. Baur sold 67,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $39.07, for a total value of $2,617,690.00. Following the completion of the sale, the chief executive officer now owns 47,890 shares of the company’s stock, valued at $1,871,062.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven R. Fischer sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $40.13, for a total value of $200,650.00. Following the completion of the sale, the director now directly owns 25,867 shares of the company’s stock, valued at approximately $1,038,042.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,000 shares of company stock worth $3,019,290. 3.03% of the stock is owned by corporate insiders.

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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