ScanSource, Inc. $SCSC Shares Bought by Versor Investments LP

Versor Investments LP raised its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 87.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,600 shares of the industrial products company’s stock after purchasing an additional 4,000 shares during the period. Versor Investments LP’s holdings in ScanSource were worth $292,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Quarry LP raised its position in shares of ScanSource by 948.7% in the 4th quarter. Quarry LP now owns 797 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 721 shares in the last quarter. Versant Capital Management Inc raised its position in shares of ScanSource by 88.4% in the 1st quarter. Versant Capital Management Inc now owns 863 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 405 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of ScanSource in the 4th quarter valued at approximately $81,000. GAMMA Investing LLC raised its position in shares of ScanSource by 25.5% in the 1st quarter. GAMMA Investing LLC now owns 1,944 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 395 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of ScanSource by 42.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,862 shares of the industrial products company’s stock valued at $136,000 after purchasing an additional 848 shares in the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Rachel Hayden sold 6,738 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $41.27, for a total value of $278,077.26. Following the completion of the transaction, the executive vice president owned 13,174 shares of the company’s stock, valued at approximately $543,690.98. This represents a 33.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SCSC. Northcoast Research raised ScanSource from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, May 6th. Wall Street Zen raised ScanSource from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $42.00.

ScanSource Price Performance

Shares of NASDAQ SCSC opened at $39.91 on Friday. ScanSource, Inc. has a 1-year low of $28.75 and a 1-year high of $53.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.07 and a quick ratio of 1.32. The business’s fifty day moving average price is $41.34 and its two-hundred day moving average price is $38.15. The firm has a market capitalization of $901.97 million, a PE ratio of 14.41, a P/E/G ratio of 1.16 and a beta of 1.41.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings results on Thursday, August 21st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. ScanSource had a return on equity of 8.96% and a net margin of 2.27%.The company had revenue of $812.89 million during the quarter, compared to analysts’ expectations of $776.21 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. ScanSource has set its FY 2026 guidance at EPS. On average, research analysts expect that ScanSource, Inc. will post 3.33 EPS for the current year.

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.