LSV Asset Management Purchases 35,475 Shares of ScanSource, Inc. $SCSC

LSV Asset Management increased its position in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 538,660 shares of the industrial products company's stock after acquiring an additional 35,475 shares during the period. LSV Asset Management owned approximately 2.38% of ScanSource worth $22,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SCSC. Jones Financial Companies Lllp purchased a new position in shares of ScanSource during the 1st quarter valued at $22,848,000. Hotchkis & Wiley Capital Management LLC raised 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 in the last quarter. Jane Street Group LLC boosted its stake in ScanSource by 148.3% during the first quarter. Jane Street Group LLC now owns 199,799 shares of the industrial products company's stock valued at $6,795,000 after buying an additional 119,317 shares during the period. Nuveen LLC purchased a new position in ScanSource during the first quarter worth about $2,355,000. Finally, Cubist Systematic Strategies LLC increased its stake in ScanSource by 421.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 74,009 shares of the industrial products company's stock worth $2,517,000 after acquiring an additional 59,817 shares during the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Zacks Research cut ScanSource from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 21st. Barclays assumed coverage on shares of ScanSource in a research report on Tuesday, October 7th. They issued an "equal weight" rating and a $43.00 price objective on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of ScanSource in a research report on Thursday, November 13th. Finally, Wall Street Zen lowered shares of ScanSource from a "buy" rating to a "hold" rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $42.50.

Read Our Latest Stock Analysis on ScanSource

Insider Buying and Selling at ScanSource

In related news, EVP Rachel Hayden sold 1,080 shares of ScanSource stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $44.69, for a total value of $48,265.20. Following the transaction, the executive vice president owned 11,688 shares in the company, valued at $522,336.72. This trade represents a 8.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael L. Baur sold 102,031 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $44.96, for a total transaction of $4,587,313.76. Following the sale, the chief executive officer owned 227,512 shares of the company's stock, valued at approximately $10,228,939.52. The trade was a 30.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 153,677 shares of company stock worth $6,876,030. 3.18% of the stock is owned by insiders.

ScanSource Stock Performance

NASDAQ:SCSC opened at $38.69 on Wednesday. The company has a market capitalization of $848.97 million, a price-to-earnings ratio of 12.85, a PEG ratio of 0.71 and a beta of 1.37. The business has a 50 day moving average of $42.57 and a 200 day moving average of $41.78. 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, Inc. has a 1-year low of $28.75 and a 1-year high of $53.90.

ScanSource (NASDAQ:SCSC - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.15. The business had revenue of $739.65 million for 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 business's quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. ScanSource has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal 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.

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