ScanSource, Inc. $SCSC Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its stake in ScanSource, Inc. (NASDAQ:SCSC) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,898 shares of the industrial products company’s stock after selling 2,900 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.33% of ScanSource worth $3,131,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SCSC. Pzena Investment Management LLC raised its holdings in shares of ScanSource by 3.6% in the 2nd quarter. Pzena Investment Management LLC now owns 975,578 shares of the industrial products company’s stock worth $40,789,000 after purchasing an additional 33,510 shares during the period. American Century Companies Inc. boosted its position in ScanSource by 7.8% during the 1st quarter. American Century Companies Inc. now owns 818,463 shares of the industrial products company’s stock worth $27,836,000 after purchasing an additional 59,145 shares during the period. Jones Financial Companies Lllp acquired a new stake in ScanSource in the 1st quarter valued at $22,848,000. LSV Asset Management raised its position in ScanSource by 7.1% in the second quarter. LSV Asset Management now owns 538,660 shares of the industrial products company’s stock valued at $22,521,000 after purchasing an additional 35,475 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of ScanSource by 61.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 336,456 shares of the industrial products company’s stock worth $11,443,000 after buying an additional 127,780 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays initiated coverage on ScanSource in a report on Tuesday, October 7th. They issued an “equal weight” rating and a $43.00 price target for the company. Wall Street Zen raised shares of ScanSource from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ScanSource in a research report on Wednesday, November 19th. Finally, Zacks Research lowered ScanSource from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, ScanSource presently has a consensus rating of “Hold” and an average target price of $42.50.

Insider Activity at ScanSource

In related news, CEO Michael L. Baur sold 47,969 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 202,512 shares in the company, valued at $8,979,382.08. This represents a 19.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rachel Hayden sold 752 shares of the stock in a transaction dated 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 directly owned 14,918 shares in the company, valued at approximately $649,977.26. This trade represents a 4.80% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 153,677 shares of company stock worth $6,876,030. Company insiders own 3.18% of the company’s stock.

ScanSource Stock Up 1.7%

SCSC stock opened at $40.20 on Tuesday. The firm has a market cap of $882.11 million, a price-to-earnings ratio of 13.36, a PEG ratio of 0.71 and a beta of 1.37. ScanSource, Inc. has a 1-year low of $28.75 and a 1-year high of $53.90. The firm has a fifty day moving average price of $42.13 and a two-hundred day moving average price of $41.86. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 1.30.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.15. ScanSource had a net margin of 2.35% and a return on equity of 9.38%. The company had revenue of $739.65 million for the quarter, compared to the consensus estimate of $787.37 million. During the same period last year, the firm posted $0.84 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. ScanSource has set its FY 2026 guidance at EPS. Research analysts predict that ScanSource, Inc. will post 3.33 EPS for the current 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.