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

Acadian Asset Management LLC cut its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 13.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,202 shares of the industrial products company’s stock after selling 19,157 shares during the period. Acadian Asset Management LLC owned approximately 0.52% of ScanSource worth $4,937,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of ScanSource by 1.2% during the 1st 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 last quarter. Picton Mahoney Asset Management grew its holdings in shares of ScanSource by 414.4% in the 1st 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. Strs Ohio acquired a new stake in shares of ScanSource during the first quarter worth $558,000. GSA Capital Partners LLP lifted its holdings in shares of ScanSource by 247.4% during the first quarter. GSA Capital Partners LLP now owns 24,517 shares of the industrial products company’s stock valued at $834,000 after purchasing an additional 17,460 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of ScanSource by 6.1% during the second quarter. Exchange Traded Concepts LLC now owns 30,526 shares of the industrial products company’s stock valued at $1,276,000 after purchasing an additional 1,753 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on SCSC shares. Weiss Ratings restated a “hold (c+)” rating on shares of ScanSource in a report on Wednesday, October 8th. Barclays initiated coverage on shares of ScanSource in a research report on Tuesday, October 7th. They issued an “equal weight” rating and a $43.00 target price on the stock. Wall Street Zen downgraded shares of ScanSource from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research lowered shares of ScanSource from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.50.

ScanSource Trading Down 1.6%

Shares of NASDAQ SCSC opened at $40.81 on Friday. The business has a 50 day simple moving average of $42.86 and a 200 day simple moving average of $41.54. ScanSource, Inc. has a 52 week low of $28.75 and a 52 week high of $53.90. The stock has a market cap of $895.49 million, a price-to-earnings ratio of 13.56, a PEG ratio of 0.71 and a beta of 1.37. 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 earnings results on Thursday, November 6th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.15. The firm had revenue of $739.65 million during the quarter, compared to analysts’ expectations of $787.37 million. ScanSource had a net margin of 2.35% and a return on equity of 9.38%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. ScanSource has set its FY 2026 guidance at EPS. On average, research analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

Insider Buying and Selling at ScanSource

In other news, CEO Michael L. Baur sold 47,969 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was 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 owned 202,512 shares in the company, valued at approximately $8,979,382.08. This represents a 19.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rachel Hayden sold 752 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $43.57, for a total value of $32,764.64. Following the transaction, the executive vice president directly owned 14,918 shares in the company, valued at approximately $649,977.26. This represents a 4.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 153,677 shares of company stock valued at $6,876,030. 3.18% of the stock is owned by company insiders.

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.