ScanSource, Inc. $SCSC Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in ScanSource, Inc. (NASDAQ:SCSC) by 326.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,696 shares of the industrial products company’s stock after buying an additional 28,100 shares during the quarter. New York State Common Retirement Fund owned about 0.17% of ScanSource worth $1,614,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Pzena Investment Management LLC grew its position in ScanSource by 3.6% in the second quarter. Pzena Investment Management LLC now owns 975,578 shares of the industrial products company’s stock valued at $40,789,000 after acquiring an additional 33,510 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of ScanSource by 4.4% in the second quarter. American Century Companies Inc. now owns 854,624 shares of the industrial products company’s stock valued at $35,732,000 after purchasing an additional 36,161 shares during the period. Wasatch Advisors LP grew its holdings in ScanSource by 0.6% during the 2nd quarter. Wasatch Advisors LP now owns 844,949 shares of the industrial products company’s stock valued at $35,327,000 after purchasing an additional 4,798 shares in the last quarter. LSV Asset Management increased its stake in ScanSource by 7.1% during the 2nd quarter. LSV Asset Management now owns 538,660 shares of the industrial products company’s stock worth $22,521,000 after buying an additional 35,475 shares during the period. Finally, Millennium Management LLC lifted its holdings in ScanSource by 8.4% in the 1st quarter. Millennium Management LLC now owns 259,808 shares of the industrial products company’s stock worth $8,836,000 after buying an additional 20,086 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of ScanSource in a research note on Monday, December 29th. Zacks Research lowered ScanSource from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Finally, Wall Street Zen downgraded ScanSource from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, ScanSource has an average rating of “Hold” and an average price target of $42.50.

More ScanSource News

Here are the key news stories impacting ScanSource this week:

• Positive Sentiment: Management launched a dedicated unified‑communications go‑to‑market team and emphasized strategic initiatives intended to drive future growth — a potential catalyst for higher‑margin sales and deal conversion over time. Article Title
• Positive Sentiment: Board/governance refresh announced alongside results — typically viewed positively by investors focused on execution and oversight. Article Title
• Neutral Sentiment: Company characterized Q2 as steady/modest growth (revenue +2.5% YoY), and management framed the quarter in the context of strategic investments and pipeline development. Conference call transcripts provide more color on execution plans. Article Title
• Negative Sentiment: Q2 EPS of $0.80 missed consensus ($1.00) and declined from $0.85 a year ago — a clear near‑term disappointment for earnings‑focused investors. Article Title
• Negative Sentiment: Revenue of $766.5M missed estimates (~$782.5M), and management trimmed FY26 revenue guidance to $3.0B–$3.1B (below Street ~ $3.2B), citing softer large‑deal activity — the primary driver of downward pressure on the stock. Article Title
• Negative Sentiment: Multiple outlets note the company “missed” quarterly revenue/earnings expectations, which explains headline weakness and intraday selling pressure before the rebound. Article Title

ScanSource Stock Up 5.6%

Shares of ScanSource stock opened at $38.39 on Monday. The business has a 50-day moving average price of $40.90 and a 200 day moving average price of $41.77. ScanSource, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $46.25. The firm has a market cap of $824.62 million, a P/E ratio of 11.78, a P/E/G ratio of 0.64 and a beta of 1.28. The company has a quick ratio of 1.22, a current ratio of 1.96 and a debt-to-equity ratio of 0.11.

ScanSource (NASDAQ:SCSC) last issued its earnings results on Thursday, February 5th. The industrial products company reported $0.80 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.20). The firm had revenue of $766.51 million during the quarter, compared to analyst estimates of $782.46 million. ScanSource had a return on equity of 9.35% and a net margin of 2.44%.ScanSource’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. On average, sell-side analysts forecast that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Stephen Jones sold 5,020 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $42.30, for a total transaction of $212,346.00. Following the sale, the chief financial officer owned 83,326 shares in the company, valued at $3,524,689.80. This represents a 5.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael L. Baur sold 9,459 shares of ScanSource stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $41.42, for a total value of $391,791.78. Following the completion of the transaction, the chief executive officer owned 182,512 shares of the company’s stock, valued at approximately $7,559,647.04. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,020 shares of company stock worth $1,035,669 over the last three months. 3.18% of the stock is owned by corporate insiders.

ScanSource Profile

ScanSource, Inc is a global provider of technology products and solutions designed to help businesses enhance operational efficiency and customer engagement. The company specializes in the distribution of point-of-sale (POS) systems, barcode and data capture devices, networking and communications equipment, and value-added software and cloud services. By combining hardware, software and professional services, ScanSource supports channel partners in delivering end-to-end solutions across multiple industries, including retail, hospitality, healthcare and logistics.

Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource has built a broad international footprint, serving customers throughout North, Central and South America as well as Europe, the Middle East and Africa.