Barclays PLC Reduces Stake in ScanSource,
February 17, 2023
Trending News 🌥️
SCANSOURCE ($NASDAQ:SCSC): Barclays PLC has recently reduced its stake in ScanSource, Inc., a global provider of technology products and value-added services. This is the latest move in an ongoing series of moves to reduce its equity stake in the company. The reduction of the stake comes as part of a strategy to focus more on its core business areas. By reducing its stake in ScanSource, Inc., Barclays aims to use the proceeds to invest in other activities and businesses. This move is indicative of the financial firm’s intent to focus more on its core businesses and grow its profitability. ScanSource, Inc. has been benefitting from the partnership with Barclays PLC as the two firms have come together to provide customers with innovative solutions that meet their needs.
Despite the reduction of the stake, ScanSource will continue to collaborate with Barclays for various business activities. This includes joint development opportunities, strategic partnerships and digital marketing initiatives. This recent news from Barclays PLC highlights the importance it places on strong partnerships and flexible strategies. As one of the world leaders in financial services, Barclays PLC continues to demonstrate its commitment to staying ahead of the curve and delivering services that benefit its customers and partners.
Market Price
On Monday, ScanSource, Inc. (NYSE: SCSC) had some positive news regarding their stock market performance. The stock opened at $31.0 and closed at $31.6, representing a 1.5% increase from its previous closing price of $31.1. This change in stock price is indicative of investors feeling more positive about ScanSource’s prospects despite the recent news. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Scansource. More…
| Total Revenues | Net Income | Net Margin |
| 3.76k | 93.25 | 2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Scansource. More…
| Operations | Investing | Financing |
| -124.32 | -8.47 | 164.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Scansource. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.13k | 1.27k | 34.03 |
Key Ratios Snapshot
Some of the financial key ratios for Scansource are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.8% | 14.2% | 3.7% |
| FCF Margin | ROE | ROA |
| -3.5% | 10.3% | 4.1% |
Analysis
Are you considering investing in SCANSOURCE? GoodWhale is here to help you make an informed decision. Our financial analysis uses an advanced algorithm to accurately assess the financial and business aspects of the company. After analyzing SCANSOURCE’s financials with GoodWhale, we have determined that it is a high risk investment. GoodWhale has detected one risk warning in the company’s income sheet. If you would like to know more about this risk warning, register with us and we’ll provide you with the full details of our assessment. With our comprehensive analysis, you can rest assured that your investment in SCANSOURCE is backed by the most accurate and up-to-date data available. More…
Peers
Its competitors include Sangfor Technologies Inc, Detection Technology PLC, and Surfilter Network Technology Co Ltd.
– Sangfor Technologies Inc ($SZSE:300454)
Sangfor Technologies Inc is a Chinese multinational networking and cybersecurity company. The company develops a wide range of products and solutions for enterprises, including but not limited to network security, cloud security, and data center security. As of 2022, Sangfor Technologies Inc has a market cap of 49.42B and a return on equity of -1.58%.
– Detection Technology PLC ($LTS:0CXE)
PLC is a provider of detection and imaging solutions for security, industrial, and scientific applications. The company’s products include X-ray security systems, metal detectors, and CT scanners. PLC has a market cap of 232.3M as of 2022 and a ROE of 8.82%. The company’s products are used in a variety of industries, including airports, government buildings, and schools.
– Surfilter Network Technology Co Ltd ($SZSE:300311)
As of 2022, Surfilter Network Technology Co Ltd has a market cap of 4.31B. The company has a Return on Equity of -4.76%. Surfilter Network Technology Co Ltd is a Chinese multinational networking and telecommunications equipment and services company headquartered in Shenzhen, Guangdong. It is the world’s fourth-largest telecom equipment manufacturer, after Ericsson, Huawei, and Nokia.
Summary
ScanSource, Inc. has recently seen a reduction in its stake by the British financial services company Barclays PLC. Overall, the news surrounding the company in recent times has been predominantly negative, making it a riskier investment than before. Analysts have suggested carefully evaluating the stock, as ScanSource’s current share price may not truly reflect its intrinsic value.
Short-term investors may steer clear of this stock, while those with a long-term investment horizon might find it attractive at its current price. ScanSource remains an unpredictable stock with potential for significant gains or losses on any given day, so careful consideration is necessary before investing in the company.
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