Campbell & CO Investment Adviser LLC Buys 9,742 Shares of ScanSource, Inc. $SCSC

Key Points

• Campbell & CO Investment Adviser LLC increased its holdings in ScanSource, Inc. by 33.5%, owning over 38,000 shares worth approximately $1.32 million as of the latest SEC filing.
• Several institutional investors have also increased their positions in ScanSource, with hedge funds owning 97.91% of the company's stock.
• ScanSource recently reported earnings of $1.02 per share, surpassing analysts' expectations, alongside a revenue of $812.89 million for the quarter.

Campbell & CO Investment Adviser LLC raised its stake in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 33.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,854 shares of the industrial products company's stock after acquiring an additional 9,742 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.17% of ScanSource worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Castlekeep Investment Advisors LLC bought a new stake in shares of ScanSource in the 4th quarter worth approximately $78,694,000. Pzena Investment Management LLC increased its position in ScanSource by 132.8% in the first quarter. Pzena Investment Management LLC now owns 942,068 shares of the industrial products company's stock worth $32,040,000 after buying an additional 537,358 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake 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 valued at $11,443,000 after buying an additional 127,780 shares during the period. LSV Asset Management lifted its position in shares of ScanSource by 20.1% during the 1st quarter. LSV Asset Management now owns 503,185 shares of the industrial products company's stock valued at $17,113,000 after buying an additional 84,300 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of ScanSource during the 4th quarter worth $3,771,000. 97.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SCSC. Northcoast Research upgraded ScanSource from a "neutral" rating to a "buy" rating and set a $42.00 price objective on the stock in a research note on Tuesday, May 6th. Zacks Research raised shares of ScanSource from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Finally, Wall Street Zen upgraded shares of ScanSource from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, ScanSource presently has a consensus rating of "Strong Buy" and an average target price of $42.00.

ScanSource Price Performance

NASDAQ:SCSC traded down $0.52 during mid-day trading on Friday, hitting $43.65. 201,994 shares of the stock traded hands, compared to its average volume of 324,341. The business's 50-day moving average price is $41.77 and its 200 day moving average price is $38.37. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. The company has a market cap of $955.50 million, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.41. ScanSource, Inc. has a 12-month low of $28.75 and a 12-month high of $53.90.

ScanSource (NASDAQ:SCSC - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The industrial products company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. The firm had revenue of $812.89 million during the quarter, compared to the consensus estimate of $776.21 million. ScanSource had a net margin of 2.35% and a return on equity of 9.38%. The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.80 EPS. ScanSource has set its FY 2026 guidance at EPS. On average, analysts expect that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Rachel Hayden sold 6,738 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $41.27, for a total transaction of $278,077.26. Following the completion of the transaction, the executive vice president directly owned 13,174 shares in the company, valued at $543,690.98. The trade was a 33.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 9,663 shares of company stock worth $407,084 in the last three months. 4.20% of the stock is owned by insiders.

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.