ScanSource, Inc. $SCSC Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 20.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,116 shares of the industrial products company’s stock after buying an additional 1,692 shares during the quarter. Inspire Investing LLC’s holdings in ScanSource were worth $344,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of ScanSource by 18.0% in 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 valued at $2,158,000 after buying an additional 6,936 shares during the period. Principal Financial Group Inc. grew its position in shares of ScanSource by 1.2% in 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 purchasing an additional 1,433 shares during the period. Deutsche Bank AG grew its position in shares of ScanSource by 47.8% in the fourth quarter. Deutsche Bank AG now owns 20,510 shares of the industrial products company’s stock valued at $973,000 after purchasing an additional 6,629 shares during the period. Picton Mahoney Asset Management grew its position in shares of ScanSource by 414.4% in the first quarter. Picton Mahoney Asset Management now owns 11,553 shares of the industrial products company’s stock valued at $392,000 after purchasing an additional 9,307 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in ScanSource in the fourth quarter valued at $365,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ScanSource

In other news, EVP Rachel Hayden sold 752 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $43.57, for a total transaction of $32,764.64. Following the completion of the sale, the executive vice president owned 14,918 shares in the company, valued at approximately $649,977.26. This represents a 4.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 10,415 shares of company stock worth $439,848. 4.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

ScanSource Stock Performance

Shares of NASDAQ SCSC opened at $45.07 on Wednesday. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $42.28 and a 200-day simple moving average of $38.98. The company has a market cap of $986.58 million, a PE ratio of 14.97, a P/E/G ratio of 0.76 and a beta of 1.43. ScanSource, Inc. has a 12-month low of $28.75 and a 12-month high of $53.90.

ScanSource (NASDAQ:SCSC) last issued 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 the consensus estimate of $776.21 million. ScanSource had a return on equity of 9.38% and a net margin of 2.35%.The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 earnings per share. ScanSource has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current year.

ScanSource Company 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.