Hotchkis & Wiley Capital Management LLC Has $11.44 Million 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 position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 61.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 336,456 shares of the industrial products company's stock after buying an additional 127,780 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 1.43% of ScanSource worth $11,443,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SCSC. Zacks Research raised ScanSource from a "hold" rating to a "strong-buy" rating in a report on Monday. Wall Street Zen raised ScanSource from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Northcoast Research raised ScanSource from a "neutral" rating to a "buy" rating and set a $42.00 target price on the stock in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy" and an average price target of $42.00.

Insider Activity at ScanSource

In other news, EVP Rachel Hayden sold 6,738 shares of the business's stock in a transaction on 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 owned 13,174 shares of the company's stock, valued at approximately $543,690.98. The trade was a 33.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.20% of the company's stock.

ScanSource Stock Down 1.2%

Shares of NASDAQ:SCSC traded down $0.52 during trading on Friday, hitting $43.65. 43,644 shares of the company were exchanged, compared to its average volume of 246,719. ScanSource, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $53.90. The stock has a market cap of $955.50 million, a price-to-earnings ratio of 14.50, a P/E/G ratio of 0.75 and a beta of 1.41. The firm has a fifty day moving average price of $41.70 and a two-hundred day moving average price of $38.33. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14.

ScanSource (NASDAQ:SCSC - Get Free Report) last posted its 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. ScanSource had a return on equity of 9.38% and a net margin of 2.35%.The company had revenue of $812.89 million for the quarter, compared to the consensus estimate of $776.21 million. During the same quarter in the prior year, the business earned $0.80 earnings per share. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. ScanSource has set its FY 2026 guidance at EPS. As a group, research analysts anticipate 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.