Fenimore Asset Management Inc buys $10,356,974 stake in ScanSource (SCSC)

ScanSource (SCSC) : Fenimore Asset Management Inc scooped up 28,625 additional shares in ScanSource during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 283,675 shares of ScanSource which is valued at $10,356,974.ScanSource makes up approximately 0.51% of Fenimore Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in SCSC in the latest quarter, The investment management firm added 18,613 additional shares and now holds a total of 37,414 shares of ScanSource which is valued at $1,365,985.Cutler Group Lp boosted its stake in SCSC in the latest quarter, The investment management firm added 1,277 additional shares and now holds a total of 1,405 shares of ScanSource which is valued at $52,224. First Mercantile Trust Co sold out all of its stake in SCSC during the most recent quarter. The investment firm sold 2,600 shares of SCSC which is valued $95,680.Bnp Paribas Arbitrage Sa reduced its stake in SCSC by selling 4,126 shares or 47.43% in the most recent quarter. The Hedge Fund company now holds 4,574 shares of SCSC which is valued at $169,970.

ScanSource closed down -0.66 points or -1.78% at $36.51 with 81,109 shares getting traded on Tuesday. Post opening the session at $37, the shares hit an intraday low of $36.35 and an intraday high of $37.12 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, ScanSource reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.20 based on the information available during the earnings call on Aug 29, 2016. Analyst had a consensus of $0.71. The company had revenue of $887.50 million for the quarter, compared to analysts expectations of $882.40 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

ScanSource Inc. is a wholesale distributor of specialty technology products. The Company and its subsidiaries provide distribution services for technology manufacturers and sells to resellers in the specialty technology markets such as point-of-sale (POS) and barcode physical security and three dimensional (3D) printing and communications. The Company operates through two business segments: Worldwide Barcode & Security and Worldwide Communications & Services. The Barcode & Security distribution segment focuses on automatic identification and data capture (AIDC) POS electronic physical security and 3D printing technologies. The Company markets around 100000 products from around 300 hardware and software vendors to around 35000 reseller customers from its distribution centers. The Communications & Services distribution segment focuses on communications technologies and services. The Company operates in the United States Canada Latin America and Europe.

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