10,904 Shares in ScanSource, Inc. $SCSC Acquired by PharVision Advisers LLC

Key Points

• PharVision Advisers LLC has acquired a new position in ScanSource, Inc., investing approximately $371,000 and purchasing 10,904 shares during the first quarter.
• Incumbent executive Rachel Hayden sold 6,738 shares at an average price of $41.27, marking a 33.84% decrease in her position.
• ScanSource recently reported earnings of $1.02 EPS for the quarter, exceeding estimates and showing an 8.9% revenue increase compared to the previous year.

PharVision Advisers LLC bought a new stake in ScanSource, Inc. (NASDAQ:SCSC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,904 shares of the industrial products company's stock, valued at approximately $371,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of ScanSource by 18.0% in the 4th 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 valued at $2,158,000 after acquiring an additional 6,936 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of ScanSource by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 117,804 shares of the industrial products company's stock valued at $4,007,000 after acquiring an additional 1,433 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of ScanSource by 47.8% in the 4th quarter. Deutsche Bank AG now owns 20,510 shares of the industrial products company's stock valued at $973,000 after acquiring an additional 6,629 shares during the last quarter. Susquehanna International Group LLP lifted its stake 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 valued at $2,222,000 after acquiring an additional 17,406 shares during the last quarter. Finally, Picton Mahoney Asset Management lifted its stake 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 valued at $392,000 after acquiring an additional 9,307 shares during the last quarter. Institutional investors own 97.91% of the company's stock.

ScanSource Stock Up 0.2%

Shares of NASDAQ:SCSC traded up $0.08 during trading on Wednesday, hitting $43.30. The stock had a trading volume of 205,430 shares, compared to its average volume of 247,136. ScanSource, Inc. has a 12 month low of $28.75 and a 12 month high of $53.90. The company has a market capitalization of $947.84 million, a PE ratio of 14.39, a PEG ratio of 0.75 and a beta of 1.43. The firm's fifty day moving average is $42.08 and its 200 day moving average is $38.70. 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 (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 return on equity of 9.38% and a net margin of 2.35%.The firm had revenue of $812.89 million during the quarter, compared to analyst estimates of $776.21 million. During the same quarter in the prior year, the company earned $0.80 EPS. The business's revenue was up 8.9% compared to the same quarter last year. ScanSource has set its FY 2026 guidance at EPS. Analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen raised ScanSource from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Zacks Research raised ScanSource from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus 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 752 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $43.57, for a total value of $32,764.64. Following the sale, the executive vice president owned 14,918 shares in the company, valued at $649,977.26. This represents a 4.80% 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 10,415 shares of company stock valued at $439,848. 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.