ScanSource, Inc. $SCSC Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its stake in ScanSource, Inc. (NASDAQ:SCSC) by 25.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 137,359 shares of the industrial products company’s stock after purchasing an additional 27,707 shares during the period. Acadian Asset Management LLC owned about 0.61% of ScanSource worth $4,665,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in ScanSource by 88.4% in the 1st quarter. Versant Capital Management Inc now owns 863 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 405 shares during the last quarter. GAMMA Investing LLC boosted its position in ScanSource by 25.5% in the 1st quarter. GAMMA Investing LLC now owns 1,944 shares of the industrial products company’s stock valued at $66,000 after buying an additional 395 shares during the period. Point72 Asset Management L.P. purchased a new position in ScanSource in the 4th quarter valued at approximately $81,000. Quarry LP boosted its position in ScanSource by 344.3% in the 1st quarter. Quarry LP now owns 3,541 shares of the industrial products company’s stock valued at $120,000 after buying an additional 2,744 shares during the period. Finally, RHS Financial LLC boosted its position in ScanSource by 13.1% in the 1st quarter. RHS Financial LLC now owns 6,765 shares of the industrial products company’s stock valued at $230,000 after buying an additional 784 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Rachel Hayden sold 752 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $43.57, for a total value of $32,764.64. Following the completion of the sale, the executive vice president directly owned 14,918 shares of the company’s stock, valued at $649,977.26. The trade was a 4.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 10,415 shares of company stock valued at $439,848 over the last three months. 4.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen raised shares of ScanSource from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Zacks Research raised shares of ScanSource from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and an average target price of $42.00.

ScanSource Price Performance

ScanSource stock opened at $44.50 on Friday. The stock has a market cap of $974.11 million, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.43. The company has a fifty day simple moving average of $42.17 and a 200-day simple moving average of $38.86. ScanSource, Inc. has a 12-month low of $28.75 and a 12-month high of $53.90. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings data on Thursday, August 21st. The industrial products company reported $1.02 earnings per share (EPS) 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 net margin of 2.35% and a return on equity of 9.38%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS. ScanSource has set its FY 2026 guidance at EPS. Equities analysts expect that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

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.