Is Buying Scansource Inc (NASDAQ:SCSC) Here Good Idea?

July 12, 2018 - By James Guidry

ScanSource, Inc. (NASDAQ:SCSC) Logo

Investors sentiment increased to 1.06 in 2018 Q1. Its up 0.05, from 1.01 in 2017Q4. It is positive, as 18 investors sold ScanSource, Inc. shares while 48 reduced holdings. 20 funds opened positions while 50 raised stakes. 24.17 million shares or 1.72% more from 23.77 million shares in 2017Q4 were reported.
98,915 were accumulated by Great Lakes Advsrs Ltd Liability Co. Profit Inv Management Limited Company, a Maryland-based fund reported 33,450 shares. The Delaware-based Riverhead Lc has invested 0% in ScanSource, Inc. (NASDAQ:SCSC). Aqr Mngmt Lc has invested 0.01% in ScanSource, Inc. (NASDAQ:SCSC). Teacher Retirement Systems Of Texas invested 0% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC). Dimensional Fund Advsrs L P reported 0.03% stake. Brandywine Glob Mngmt Limited Liability Corporation has invested 0.02% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC). Parametric Port Ltd accumulated 0.01% or 169,739 shares. Strs Ohio holds 25,300 shares or 0% of its portfolio. Cornerstone Advsrs stated it has 0% in ScanSource, Inc. (NASDAQ:SCSC). Royal Financial Bank Of Canada owns 530,524 shares or 0.01% of their US portfolio. Smith Graham And Invest Ltd Partnership reported 251,639 shares or 0.86% of all its holdings. Rhumbline Advisers has 0% invested in ScanSource, Inc. (NASDAQ:SCSC). Texas Permanent School Fund owns 16,928 shares for 0.01% of their portfolio. Great West Life Assurance Can owns 0% invested in ScanSource, Inc. (NASDAQ:SCSC) for 32,997 shares.

Since June 4, 2018, it had 0 insider purchases, and 1 sale for $199,640 activity.

The stock of Scansource Inc (NASDAQ:SCSC) registered a decrease of 28.05% in short interest. SCSC’s total short interest was 345,500 shares in July as published by FINRA. Its down 28.05% from 480,200 shares, reported previously. With 89,700 shares average volume, it will take short sellers 4 days to cover their SCSC’s short positions. The short interest to Scansource Inc’s float is 1.36%.

The stock decreased 1.21% or $0.5 during the last trading session, reaching $40.8. About 51,606 shares traded. ScanSource, Inc. (NASDAQ:SCSC) has risen 0.78% since July 12, 2017 and is uptrending. It has underperformed by 11.79% the S&P500.

ScanSource, Inc. distributes technology products and solutions in North America, Latin America, and Europe. The company has market cap of $1.04 billion. The companyÂ’s Worldwide Barcode, Networking & Security segment focuses on automatic identification and data capture , point-of-sale (POS), networking, electronic physical security, 3D printing, and other specialty technologies. It has a 25.03 P/E ratio. The Company’s AIDC and POS products are used to automate the collection, processing, and communication of information for commercial and industrial applications, such as retail sales, distribution, shipping, inventory control, materials handling, warehouse management, and health care applications; electronic physical security products, including identification, access control, video surveillance, intrusion-related, wireless, and networking infrastructure products; and 3D printing solutions to replace and complement traditional methods, as well as reduce the time and cost of designing new products.

ScanSource, Inc. (NASDAQ:SCSC) Institutional Positions Chart

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