ScanSource, Inc. $SCSC Stock Holdings Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in ScanSource, Inc. (NASDAQ:SCSC) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 301,736 shares of the industrial products company’s stock after selling 17,218 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.29% of ScanSource worth $10,262,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of SCSC. Envestnet Asset Management Inc. increased its holdings in shares of ScanSource by 43.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,538 shares of the industrial products company’s stock valued at $358,000 after buying an additional 2,273 shares in the last quarter. Barclays PLC raised its stake in ScanSource by 5.4% during the 4th quarter. Barclays PLC now owns 57,299 shares of the industrial products company’s stock valued at $2,718,000 after purchasing an additional 2,953 shares during the period. First Trust Advisors LP acquired a new stake in ScanSource during the 4th quarter valued at $3,454,000. MetLife Investment Management LLC raised its stake in ScanSource by 5.1% during the 4th quarter. MetLife Investment Management LLC now owns 14,956 shares of the industrial products company’s stock valued at $710,000 after purchasing an additional 721 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in ScanSource by 42.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,862 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 848 shares during the period. Institutional investors own 97.91% of the company’s stock.

ScanSource Trading Up 11.8%

ScanSource stock opened at $44.63 on Monday. The company’s fifty day simple moving average is $41.42 and its 200-day simple moving average is $38.16. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. ScanSource, Inc. has a 12 month low of $28.75 and a 12 month high of $53.90. The stock has a market cap of $976.95 million, a P/E ratio of 14.83, a P/E/G ratio of 1.12 and a beta of 1.41.

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

Insider Activity at ScanSource

In other news, EVP Rachel Hayden sold 6,738 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $41.27, for a total transaction of $278,077.26. Following the transaction, the executive vice president directly owned 13,174 shares in the company, valued at $543,690.98. The trade was a 33.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SCSC. Wall Street Zen raised shares of ScanSource from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Northcoast Research raised shares of ScanSource from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $42.00.

ScanSource Profile

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.