ScanSource, Inc. $SCSC Stock Position Raised by Versor Investments LP

Versor Investments LP raised its position in shares of ScanSource, Inc. (NASDAQ:SCSC) by 31.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,303 shares of the industrial products company’s stock after purchasing an additional 2,703 shares during the period. Versor Investments LP’s holdings in ScanSource were worth $473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in shares of ScanSource by 2.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,145 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of ScanSource by 2.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,859 shares of the industrial products company’s stock worth $471,000 after purchasing an additional 295 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of ScanSource by 25.5% during the 1st quarter. GAMMA Investing LLC now owns 1,944 shares of the industrial products company’s stock worth $66,000 after purchasing an additional 395 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of ScanSource by 3.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 12,357 shares of the industrial products company’s stock worth $516,000 after purchasing an additional 395 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its stake in shares of ScanSource by 2.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 18,852 shares of the industrial products company’s stock worth $788,000 after purchasing an additional 443 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

ScanSource Stock Down 2.9%

Shares of SCSC stock opened at $41.07 on Wednesday. ScanSource, Inc. has a twelve month low of $28.75 and a twelve month high of $53.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 2.01. The company has a market capitalization of $906.29 million, a price-to-earnings ratio of 13.64, a PEG ratio of 0.71 and a beta of 1.36. The stock’s 50 day simple moving average is $43.27 and its 200 day simple moving average is $41.22.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings data on Thursday, August 21st. The industrial products company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.11. The business had revenue of $812.89 million during the quarter, compared to analysts’ expectations of $776.21 million. ScanSource had a return on equity of 9.38% and a net margin of 2.35%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. ScanSource has set its FY 2026 guidance at EPS. As a group, research analysts predict that ScanSource, Inc. will post 3.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays assumed coverage on ScanSource in a research note on Tuesday, October 7th. They set an “equal weight” rating and a $43.00 price target for the company. Zacks Research downgraded ScanSource from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Wall Street Zen downgraded ScanSource from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of ScanSource in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.50.

Insider Activity at ScanSource

In other ScanSource news, EVP Rachel Hayden sold 1,080 shares of ScanSource stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $44.69, for a total value of $48,265.20. Following the transaction, the executive vice president directly owned 11,688 shares of the company’s stock, valued at $522,336.72. The trade was a 8.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael L. Baur sold 102,031 shares of ScanSource stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $44.96, for a total value of $4,587,313.76. Following the completion of the transaction, the chief executive officer directly owned 227,512 shares in the company, valued at approximately $10,228,939.52. This represents a 30.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 153,677 shares of company stock worth $6,876,030. Company insiders own 3.18% of the company’s stock.

About ScanSource

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.