--- title: "Lazard Asset Management LLC Buys New Shares in ScanSource, Inc. $SCSC" type: "News" locale: "en" url: "https://longbridge.com/en/news/294794577.md" description: "Lazard Asset Management LLC initiated a new position in ScanSource, Inc. (NASDAQ:SCSC) during the first quarter, purchasing 50,995 shares valued at approximately $1.85 million. This follows activity from other institutional investors like Mirae Asset and Royce & Associates, who also increased their stakes. Meanwhile, analyst ratings for ScanSource have shifted, with Weiss Ratings upgrading to 'hold' and Wall Street Zen downgrading to 'hold', resulting in an average consensus rating of 'Hold'." datetime: "2026-08-04T09:04:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294794577.md) - [en](https://longbridge.com/en/news/294794577.md) - [zh-HK](https://longbridge.com/zh-HK/news/294794577.md) generator: "portal-rs" --- # Lazard Asset Management LLC Buys New Shares in ScanSource, Inc. $SCSC Lazard Asset Management LLC bought a new position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 50,995 shares of the industrial products company's stock, valued at approximately $1,851,000. Lazard Asset Management LLC owned 0.25% of ScanSource as of its most recent filing with the SEC. A number of other institutional investors have also bought and sold shares of SCSC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of ScanSource by 2.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,859 shares of the industrial products company's stock valued at $471,000 after acquiring an additional 295 shares in the last quarter. Royce & Associates LP grew its position in shares of ScanSource by 1.7% during the fourth quarter. Royce & Associates LP now owns 26,088 shares of the industrial products company's stock worth $1,019,000 after purchasing an additional 433 shares in the last quarter. Summit Global Investments raised its stake in ScanSource by 3.3% during the 4th quarter. Summit Global Investments now owns 14,177 shares of the industrial products company's stock valued at $554,000 after purchasing an additional 451 shares during the period. WINTON GROUP Ltd raised its stake in ScanSource by 2.0% during the 4th quarter. WINTON GROUP Ltd now owns 26,020 shares of the industrial products company's stock valued at $1,016,000 after purchasing an additional 510 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in ScanSource by 1.6% in the 3rd quarter. Franklin Resources Inc. now owns 36,424 shares of the industrial products company's stock worth $1,602,000 after purchasing an additional 567 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock. ## ScanSource Price Performance ScanSource stock opened at $57.13 on Tuesday. ScanSource, Inc. has a 52-week low of $33.76 and a 52-week high of $58.94. The company has a quick ratio of 1.20, a current ratio of 1.86 and a debt-to-equity ratio of 0.11. The firm's fifty day moving average is $51.26 and its 200 day moving average is $43.32. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.88 and a beta of 1.28. ScanSource (NASDAQ:SCSC - Get Free Report) last posted its earnings results on Thursday, May 7th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.03. The firm had revenue of $758.59 million for the quarter, compared to the consensus estimate of $738.55 million. ScanSource had a net margin of 2.38% and a return on equity of 9.35%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 EPS. Sell-side analysts forecast that ScanSource, Inc. will post 3.9 EPS for the current fiscal year. ## Analyst Ratings Changes Several research analysts have weighed in on SCSC shares. Weiss Ratings upgraded ScanSource from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, May 29th. Zacks Research raised shares of ScanSource from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 7th. Finally, Wall Street Zen lowered shares of ScanSource from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, ScanSource currently has an average rating of "Hold" and an average target price of $43.00. **View Our Latest Stock Analysis on ScanSource** ## ScanSource Profile (Free Report) 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. ## Read More - Five stocks we like better than ScanSource - SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control - Why Rare Earth Processing Could Be the Real 2027 Opportunity - The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure - TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks? **Want to see what other hedge funds are holding SCSC?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ScanSource, Inc. (NASDAQ:SCSC - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* ## Should You Invest $1,000 in ScanSource Right Now? Before you consider ScanSource, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ScanSource wasn't on the list. While ScanSource currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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