Swiss National Bank Lowers Holdings in ScanSource, Inc. $SCSC

Swiss National Bank lowered its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,900 shares of the industrial products company’s stock after selling 1,000 shares during the period. Swiss National Bank owned approximately 0.19% of ScanSource worth $1,493,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of ScanSource by 18.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,469 shares of the industrial products company’s stock worth $2,158,000 after buying an additional 6,936 shares during the last quarter. Principal Financial Group Inc. grew its position in ScanSource by 1.2% during the first quarter. Principal Financial Group Inc. now owns 117,804 shares of the industrial products company’s stock valued at $4,007,000 after acquiring an additional 1,433 shares during the period. Deutsche Bank AG grew its position in ScanSource by 47.8% during the fourth quarter. Deutsche Bank AG now owns 20,510 shares of the industrial products company’s stock valued at $973,000 after acquiring an additional 6,629 shares during the period. Susquehanna International Group LLP increased its stake in ScanSource by 59.1% during the fourth quarter. Susquehanna International Group LLP now owns 46,837 shares of the industrial products company’s stock worth $2,222,000 after acquiring an additional 17,406 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its stake in ScanSource by 414.4% during the first quarter. Picton Mahoney Asset Management now owns 11,553 shares of the industrial products company’s stock worth $392,000 after acquiring an additional 9,307 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

ScanSource Stock Performance

ScanSource stock opened at $44.63 on Monday. The firm has a market capitalization of $976.95 million, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. ScanSource, Inc. has a one year low of $28.75 and a one year high of $53.90. The stock’s 50 day moving average price is $41.42 and its 200 day moving average price is $38.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 2.01.

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

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.