A Director at ScanSource (NASDAQ: SCSC) is Selling Shares

By George MacDonald

Today, a Director at ScanSource (NASDAQ: SCSC), Steven R. Fischer, sold shares of SCSC for $387.9k.

Based on ScanSource`s latest earnings report from December 31, the company posted quarterly revenue of $993.5M and quarterly net profit of $20.66M. In comparison, last year the company earned revenue of $763.2M and had a net profit of $12.94M. The company has a one year high of $42.54 and a one year low of $27.46. SCSC’s market cap is $1.03B and the company has a P/E ratio of 16.46%.

Looking at blogger coverage of SCSC, there is a 100% Bullish tendency on the stock, in relation to a 75% average bullish tendency within the Technology sector.

Over the last 3 months, the insider sentiment on ScanSource has been neutral based on 24 corporate insider transactions. This sentiment is slightly lower than the average sector sentiment of insiders.

ScanSource, Inc. engages in the distribution of specialty technology products. It operates through the Worldwide Barcode and Security, and Worldwide Communications and Services segments. The Worldwide Barcode and Security segment offers automatic identification and data capture, point-of-sale, electronic physical security, and 3 dimensional printing technologies. The Worldwide Communications and Services segment includes voice, video conferencing, wireless, data networking, and converged communications solutions. The company was founded by Michael L. Baur and Steven H. Owings in December 1992 and is headquartered in Greenville, SC.