ScanSource, Inc. $SCSC Holdings Lifted by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in ScanSource, Inc. by 25.5%, purchasing an additional 13,931 shares, bringing its total holdings to 68,490 shares valued at approximately $2.33 million.
• Several institutional investors, including Nuveen LLC and GSA Capital Partners LLP, made significant changes to their positions in ScanSource, contributing to the company's institutional ownership, which is now at 97.91%.
• Analysts have raised the price target for ScanSource to $42.00, with a consensus rating of "Buy," indicating positive sentiment towards the stock's future performance.

Public Sector Pension Investment Board boosted its position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 25.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,490 shares of the industrial products company's stock after buying an additional 13,931 shares during the quarter. Public Sector Pension Investment Board owned 0.29% of ScanSource worth $2,329,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SCSC. Castlekeep Investment Advisors LLC acquired a new position in ScanSource in the 4th quarter worth $78,694,000. Pzena Investment Management LLC lifted its holdings in ScanSource by 132.8% in the 1st 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 in the last quarter. Raymond James Financial Inc. acquired a new position in ScanSource in the 4th quarter worth $5,687,000. LSV Asset Management lifted its holdings in ScanSource by 20.1% in the 1st quarter. LSV Asset Management now owns 503,185 shares of the industrial products company's stock worth $17,113,000 after buying an additional 84,300 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in ScanSource in the 4th quarter worth $3,771,000. Institutional investors and hedge funds own 97.91% of the company's stock.

Insider Buying and Selling at ScanSource

In related news, EVP Rachel Hayden sold 6,738 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $41.27, for a total transaction of $278,077.26. Following the completion of the sale, the executive vice president owned 13,174 shares of the company's stock, valued at $543,690.98. This represents a 33.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

ScanSource Stock Performance

Shares of NASDAQ:SCSC traded down $0.30 during trading on Monday, reaching $44.33. 305,534 shares of the company's stock traded hands, compared to its average volume of 301,261. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 1.30. ScanSource, Inc. has a 12 month low of $28.75 and a 12 month high of $53.90. The company has a 50 day moving average of $41.49 and a 200-day moving average of $38.21. The stock has a market capitalization of $970.38 million, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.

ScanSource (NASDAQ:SCSC - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The industrial products company reported $1.02 earnings per share 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 business had revenue of $812.89 million during the quarter, compared to the consensus estimate of $776.21 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. ScanSource has set its FY 2026 guidance at EPS. On average, equities analysts expect that ScanSource, Inc. will post 3.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Northcoast Research upgraded shares of ScanSource from a "neutral" rating to a "buy" rating and set a $42.00 target price on the stock in a research note on Tuesday, May 6th. 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 Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $42.00.

About ScanSource

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.