Exchange Traded Concepts LLC Buys 1,753 Shares of ScanSource, Inc. $SCSC

Exchange Traded Concepts LLC increased its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,526 shares of the industrial products company’s stock after acquiring an additional 1,753 shares during the period. Exchange Traded Concepts LLC owned about 0.14% of ScanSource worth $1,276,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of ScanSource by 88.4% in the first quarter. Versant Capital Management Inc now owns 863 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 405 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of ScanSource by 25.5% in the first quarter. GAMMA Investing LLC now owns 1,944 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 395 shares in the last quarter. Quarry LP lifted its stake in ScanSource by 344.3% in the first quarter. Quarry LP now owns 3,541 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 2,744 shares during the last quarter. RHS Financial LLC lifted its stake in ScanSource by 13.1% in the first quarter. RHS Financial LLC now owns 6,765 shares of the industrial products company’s stock valued at $230,000 after purchasing an additional 784 shares during the last quarter. Finally, Bailard Inc. lifted its stake in ScanSource by 28.3% in the first quarter. Bailard Inc. now owns 6,800 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 1,500 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ScanSource news, CEO Michael L. Baur sold 47,969 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $44.34, for a total transaction of $2,126,945.46. Following the completion of the sale, the chief executive officer directly owned 202,512 shares in the company, valued at approximately $8,979,382.08. The trade was a 19.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $32,764.64. Following the sale, the executive vice president owned 14,918 shares of the company’s stock, valued at approximately $649,977.26. This represents a 4.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,677 shares of company stock valued at $6,876,030. Company insiders own 4.20% of the company’s stock.

ScanSource Price Performance

Shares of NASDAQ SCSC opened at $44.01 on Tuesday. ScanSource, Inc. has a twelve month low of $28.75 and a twelve month high of $53.90. The firm has a market cap of $963.38 million, a P/E ratio of 14.62, a PEG ratio of 0.74 and a beta of 1.43. The company has a 50 day moving average of $42.45 and a 200 day moving average of $39.22. 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 (NASDAQ:SCSC) last announced its quarterly earnings data on Thursday, August 21st. The industrial products company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. ScanSource had a net margin of 2.35% and a return on equity of 9.38%. The company had revenue of $812.89 million during the quarter, compared to analyst estimates of $776.21 million. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. ScanSource has set its FY 2026 guidance at EPS. As a group, research analysts expect that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on SCSC shares. Wall Street Zen upgraded ScanSource from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded ScanSource from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and an average target price of $42.00.

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.