SCSC - スキャンソ―ス （ScanSource Inc.）

ScanSource''s management team has proven over the past few years to transition the business away from its legacy model. Click to read why I am long SCSC stock.

According to Benzinga Pro data ScanSource (NASDAQ: SCSC ) posted a 15.21% decrease in earnings from Q3. Sales, however, increased by 13.75% over the previous quarter to $962.28 million. Despite the increase in sales this quarter, the decrease in earnings may suggest ScanSource is not utilizing their capital as effectively as possible. ScanSource reached earnings of $23.53 million and sales of $845.99 million in Q3. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company''s … Full story available on Benzinga.com

U.S. stocks closed higher with the Nasdaq Composite gaining 50 points on Wednesday. Here is the list of some big stocks moving lower in the previous session. Starbox Group Holdings Ltd. (NASDAQ: STBX ) shares declined 36.2% to settle at $9.83 on Wednesday after jumping 285% on Tuesday. Starbox Group priced 5 million share IPO at $4.00 per share. WeTrade Group, Inc. (NASDAQ: WETG ) fell 20.8% to close at $2.55. WeTrade recently entered into strategic partnership with Guyguide to exclusively design and provide Monkeypox testing kits and insurance coverage products for traveling packages to US, Canada, Australia and European countries. Nordstrom, Inc. (NYSE: JWN ) tumbled 20% to close at $18.57. Nordstrom reported better-than-expected results for its second quarter, but lowered its FY22 outlook. Citi Trends, Inc. (NASDAQ: CTRN ) declined 18.8% to close at $24.82 after the company reported worse-than-expected Q2 results. ScanSource, Inc. (NASDAQ: Full story available on Benzinga.com

Is ScanSource a buy heading into 2023?

ScanSource (SCSC) is trading ~16% lower after the company reported lower-than-expected quarterly profit, as costs rose. The company posted Q4 profit of $0.91, and missed estimates…

ScanSource, Inc. (NASDAQ:SCSC) rose 7.3% during trading on Monday . The stock traded as high as $34.11 and last traded at $34.04. Approximately 2,244 shares traded hands during trading, a decline of 98% from the average daily volume of 113,847 shares. The stock had previously closed at $31.72. SCSC has been the subject of several []

Goldman Sachs Group Inc. lessened its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,058 shares of the industrial products companys stock after selling 5,001 shares during the quarter. Goldman Sachs Group Inc. owned []

ScanSource, Inc. (NASDAQ:SCSC) Director Charles Alexander Mathis purchased 1,200 shares of the businesss stock in a transaction that occurred on Friday, November 12th. The stock was bought at an average cost of $35.88 per share, for a total transaction of $43,056.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, []

Zacks Investment Research upgraded shares of ScanSource (NASDAQ:SCSC) from a hold rating to a buy rating in a research report sent to investors on Friday, Zacks.com reports. The firm currently has $39.00 price objective on the industrial products companys stock. According to Zacks, ScanSource, Inc. serves North America as a value-added distributor of specialty technologies, []

Goldman Sachs Group Inc. lessened its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,058 shares of the industrial products companys stock after selling 5,001 shares during the quarter. Goldman Sachs Group Inc. owned []

ScanSource, Inc. (NASDAQ:SCSC) Director Charles Alexander Mathis purchased 1,200 shares of the businesss stock in a transaction that occurred on Friday, November 12th. The stock was bought at an average cost of $35.88 per share, for a total transaction of $43,056.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, []

Zacks Investment Research upgraded shares of ScanSource (NASDAQ:SCSC) from a hold rating to a buy rating in a research report sent to investors on Friday, Zacks.com reports. The firm currently has $39.00 price objective on the industrial products companys stock. According to Zacks, ScanSource, Inc. serves North America as a value-added distributor of specialty technologies, []

AQR Capital Management LLC decreased its position in ScanSource, Inc. (NASDAQ:SCSC) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,502 shares of the industrial products companys stock after selling 2,580 shares during the period. AQR Capital Management LLC []