Robeco Institutional Asset Management B.V. Sells 7,920 Shares of ScanSource, Inc. $SCSC

Robeco Institutional Asset Management B.V. cut its stake in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 60.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,204 shares of the industrial products company's stock after selling 7,920 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in ScanSource were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Pzena Investment Management LLC grew its stake in shares of ScanSource by 132.8% in the first quarter. Pzena Investment Management LLC now owns 942,068 shares of the industrial products company's stock worth $32,040,000 after acquiring an additional 537,358 shares during the period. American Century Companies Inc. grew its stake in shares of ScanSource by 7.8% in the first quarter. American Century Companies Inc. now owns 818,463 shares of the industrial products company's stock worth $27,836,000 after acquiring an additional 59,145 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of ScanSource in the first quarter worth approximately $22,848,000. LSV Asset Management grew its stake in shares of ScanSource by 20.1% in the first 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, Hotchkis & Wiley Capital Management LLC grew its stake in shares of ScanSource by 61.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 336,456 shares of the industrial products company's stock worth $11,443,000 after acquiring an additional 127,780 shares during the period. 97.91% of the stock is currently owned by institutional investors.

Insider Transactions at ScanSource

In related news, CEO Michael L. Baur sold 47,969 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $44.34, for a total value of $2,126,945.46. Following the completion of the sale, the chief executive officer directly owned 202,512 shares of the company's stock, valued at $8,979,382.08. This represents a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rachel Hayden sold 752 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $43.57, for a total transaction of $32,764.64. Following the completion of the sale, the executive vice president directly owned 14,918 shares of the company's stock, valued at approximately $649,977.26. This trade represents a 4.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,677 shares of company stock valued at $6,876,030. 4.20% of the stock is owned by insiders.

Analyst Ratings Changes

SCSC has been the subject of several recent research reports. Barclays initiated coverage on shares of ScanSource in a research report on Tuesday. They set an "equal weight" rating and a $43.00 target price for the company. Weiss Ratings restated a "hold (c+)" rating on shares of ScanSource in a research report on Wednesday. Wall Street Zen lowered shares of ScanSource from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 3rd. Finally, Zacks Research upgraded shares of ScanSource from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, ScanSource has an average rating of "Moderate Buy" and a consensus target price of $42.50.

ScanSource Trading Up 1.4%

NASDAQ SCSC opened at $42.10 on Thursday. The company's 50-day moving average price is $43.11 and its 200-day moving average price is $39.79. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. The stock has a market cap of $921.36 million, a PE ratio of 13.99, a PEG ratio of 0.70 and a beta of 1.36. ScanSource, Inc. has a 12 month low of $28.75 and a 12 month high of $53.90.

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

ScanSource Company 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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