The EVP, Gen Counsel &Corp Sec of ScanSource (NASDAQ: SCSC) is Selling Shares

By George MacDonald

Today, the EVP, Gen Counsel &Corp Sec of ScanSource (NASDAQ: SCSC), John Ellsworth, sold shares of SCSC for $113.2k.

Following John Ellsworth’s last SCSC Sell transaction on December 11, 2015, the stock climbed by 4.0%.

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 $807M and had a net profit of $16.82M. The company has a one year high of $41.95 and a one year low of $27.46. SCSC’s market cap is $1.03B and the company has a P/E ratio of 16.4%.

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 positive based on 26 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.

ScanSource Inc is a wholesale distributor of specialty technology products. It provides value-added distribution services for technology manufacturers and sells to resellers in technology markets.