Gladius Capital Management LP Has $36,000 Stock Position in ScanSource, Inc. (NASDAQ:SCSC)

Gladius Capital Management LP cut its position in ScanSource, Inc. (NASDAQ:SCSC) by 25.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 898 shares of the industrial products company’s stock after selling 301 shares during the quarter. Gladius Capital Management LP’s holdings in ScanSource were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SCSC. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of ScanSource by 23.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 1,034 shares during the last quarter. Mackenzie Financial Corp increased its position in ScanSource by 45.9% in the 3rd quarter. Mackenzie Financial Corp now owns 11,138 shares of the industrial products company’s stock worth $340,000 after buying an additional 3,506 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of ScanSource by 65.5% during the third quarter. Teacher Retirement System of Texas now owns 19,690 shares of the industrial products company’s stock worth $597,000 after buying an additional 7,796 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of ScanSource by 90.9% in the third quarter. Assenagon Asset Management S.A. now owns 242,619 shares of the industrial products company’s stock valued at $7,354,000 after acquiring an additional 115,495 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of ScanSource in the third quarter worth $455,000. Institutional investors own 97.91% of the company’s stock.

ScanSource Stock Performance

SCSC stock traded up $0.79 on Thursday, reaching $47.38. 263,132 shares of the company were exchanged, compared to its average volume of 208,069. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.30 and a quick ratio of 1.36. ScanSource, Inc. has a 12 month low of $26.99 and a 12 month high of $48.22. The stock’s fifty day moving average price is $42.64 and its 200 day moving average price is $38.82. The firm has a market capitalization of $1.19 billion, a PE ratio of 13.61, a PEG ratio of 1.26 and a beta of 1.51.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.15). ScanSource had a net margin of 2.45% and a return on equity of 9.18%. The company had revenue of $752.60 million for the quarter, compared to analyst estimates of $822.10 million. During the same period in the prior year, the company posted $0.96 EPS. The firm’s quarterly revenue was down 15.0% on a year-over-year basis. On average, research analysts anticipate that ScanSource, Inc. will post 3.39 EPS for the current fiscal year.

ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. 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.