Smith Graham & Co. Investment Advisors LP Raises Stake in ScanSource, Inc. (SCSC)

Smith Graham & Co. Investment Advisors LP lifted its position in ScanSource, Inc. (NASDAQ:SCSC) by 29.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 218,639 shares of the industrial products company’s stock after purchasing an additional 50,361 shares during the quarter. Smith Graham & Co. Investment Advisors LP owned about 0.86% of ScanSource worth $7,827,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of ScanSource by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,974 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 446 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of ScanSource in the third quarter worth about $202,000. Piedmont Investment Advisors LLC bought a new stake in shares of ScanSource in the second quarter worth about $221,000. Palouse Capital Management Inc. bought a new stake in shares of ScanSource in the third quarter worth about $226,000. Finally, SG Americas Securities LLC increased its holdings in shares of ScanSource by 26.5% in the third quarter. SG Americas Securities LLC now owns 6,030 shares of the industrial products company’s stock worth $263,000 after purchasing an additional 1,262 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ScanSource, Inc. (SCSC) opened at $35.95 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.08 and a current ratio of 1.94. ScanSource, Inc. has a 52 week low of $33.55 and a 52 week high of $45.35. The firm has a market capitalization of $916.40, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 4.02 and a beta of 1.04.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.02). ScanSource had a return on equity of 8.78% and a net margin of 1.65%. The company had revenue of $924.56 million for the quarter, compared to the consensus estimate of $966.20 million. During the same period in the previous year, the firm earned $0.68 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. equities analysts predict that ScanSource, Inc. will post 2.98 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised ScanSource from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub cut ScanSource from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 10th. ValuEngine cut ScanSource from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. TheStreet cut ScanSource from a “b” rating to a “c+” rating in a report on Wednesday, November 8th. Finally, Northcoast Research cut ScanSource from a “buy” rating to a “neutral” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. ScanSource currently has an average rating of “Hold” and a consensus price target of $45.75.

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ScanSource 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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Institutional Ownership by Quarter for ScanSource (NASDAQ:SCSC)

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