Campbell & CO Investment Adviser LLC Acquires 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 grew its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 33.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 0.17% of ScanSource worth $1,321,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of ScanSource by 18.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,469 shares of the industrial products company's stock worth $2,158,000 after acquiring an additional 6,936 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of ScanSource by 1.2% during the first quarter. Principal Financial Group Inc. now owns 117,804 shares of the industrial products company's stock worth $4,007,000 after acquiring an additional 1,433 shares in the last quarter. Deutsche Bank AG raised its stake in shares of ScanSource by 47.8% during the fourth quarter. Deutsche Bank AG now owns 20,510 shares of the industrial products company's stock worth $973,000 after acquiring an additional 6,629 shares in the last quarter. Susquehanna International Group LLP raised its stake in shares of ScanSource by 59.1% during the fourth quarter. Susquehanna International Group LLP now owns 46,837 shares of the industrial products company's stock worth $2,222,000 after acquiring an additional 17,406 shares in the last quarter. Finally, Picton Mahoney Asset Management raised its stake in shares of ScanSource by 414.4% during the first quarter. Picton Mahoney Asset Management now owns 11,553 shares of the industrial products company's stock worth $392,000 after acquiring an additional 9,307 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

ScanSource Trading Down 1.2%

Shares of SCSC traded down $0.52 during mid-day trading on Monday, hitting $43.65. 201,994 shares of the company's stock traded hands, compared to its average volume of 320,041. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. ScanSource, Inc. has a 1 year low of $28.75 and a 1 year high of $53.90. The firm has a market capitalization of $955.50 million, a P/E ratio of 14.50, a PEG ratio of 0.73 and a beta of 1.43. The business's 50-day moving average price is $41.81 and its 200-day moving average price is $38.43.

ScanSource (NASDAQ:SCSC - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.11. ScanSource had a net margin of 2.35% and a return on equity of 9.38%. The company had revenue of $812.89 million during the quarter, compared to analysts' expectations of $776.21 million. During the same period last year, the company posted $0.80 EPS. ScanSource's revenue was up 8.9% on a year-over-year basis. ScanSource has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SCSC has been the subject of a number of analyst reports. Wall Street Zen raised ScanSource from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Zacks Research raised ScanSource from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Finally, Northcoast Research raised ScanSource from a "neutral" rating to a "buy" rating and set a $42.00 price objective for the company in a research note on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Strong Buy" and a consensus price target of $42.00.

Insider Buying and Selling at ScanSource

In related news, EVP Rachel Hayden sold 833 shares of the company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $44.36, for a total value of $36,951.88. Following the sale, the executive vice president owned 10,855 shares in the company, valued at $481,527.80. This represents a 7.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 9,663 shares of company stock valued at $407,084. Corporate insiders own 4.20% of the company's stock.

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.