Hotchkis & Wiley Capital Management LLC Increases Holdings in ScanSource, Inc. $SCSC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its holdings in ScanSource, Inc. by 61.2%, owning 336,456 shares worth approximately $11.4 million after purchasing 127,780 additional shares in the first quarter.
• ScanSource reported a net margin of 2.35% and earnings per share of $1.02 for the last quarter, surpassing the consensus estimate by $0.11, with revenues of $812.89 million.
• Multiple institutional investors have also increased their stakes in ScanSource, with hedge funds owning 97.91% of the company's stock.

Hotchkis & Wiley Capital Management LLC lifted its stake in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 61.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 336,456 shares of the industrial products company's stock after purchasing an additional 127,780 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 1.43% of ScanSource worth $11,443,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SCSC. Castlekeep Investment Advisors LLC purchased a new position in ScanSource during the 4th quarter valued at about $78,694,000. Pzena Investment Management LLC grew its stake in ScanSource by 132.8% during the first quarter. Pzena Investment Management LLC now owns 942,068 shares of the industrial products company's stock valued at $32,040,000 after acquiring an additional 537,358 shares in the last quarter. American Century Companies Inc. grew its stake in ScanSource by 7.8% during the first quarter. American Century Companies Inc. now owns 818,463 shares of the industrial products company's stock valued at $27,836,000 after acquiring an additional 59,145 shares in the last quarter. LSV Asset Management increased its holdings in ScanSource by 20.1% during the 1st quarter. LSV Asset Management now owns 503,185 shares of the industrial products company's stock worth $17,113,000 after acquiring an additional 84,300 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in ScanSource by 1.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 366,156 shares of the industrial products company's stock worth $17,374,000 after purchasing an additional 6,592 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

Insider Activity at ScanSource

In other news, EVP Rachel Hayden sold 6,738 shares of the 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 transaction, the executive vice president directly owned 13,174 shares in the company, valued at approximately $543,690.98. This represents a 33.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.20% of the company's stock.

ScanSource Stock Performance

ScanSource stock opened at $44.63 on Friday. ScanSource, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $53.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 2.01. The stock has a market cap of $1.01 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.21 and a beta of 1.41. The firm's fifty day moving average price is $41.42 and its 200-day moving average price is $38.17.

ScanSource (NASDAQ:SCSC - Get Free Report) last announced its 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 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 analyst estimates of $776.21 million. During the same period in the previous year, the business earned $0.80 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. ScanSource has set its FY 2026 guidance at EPS. On average, equities research analysts expect that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on SCSC shares. Northcoast Research upgraded shares of ScanSource from a "neutral" rating to a "buy" rating and set a $42.00 price target for the company in a research report on Tuesday, May 6th. Wall Street Zen upgraded ScanSource from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $42.00.

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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