Vanguard Group Inc. Increases Stock Holdings in ScanSource, Inc. $SCSC

Key Points

• Vanguard Group increased its ScanSource stake by 2.9% in Q4, bringing its holdings to 2.83 million shares worth about $110.4 million. The filing shows Vanguard owned 12.89% of the company.
• ScanSource has continued to attract broad institutional interest, with multiple hedge funds boosting positions; in total, 97.91% of the stock is held by hedge funds and other institutional investors.
• The company’s latest quarterly results topped expectations, with EPS of $0.94 versus a $0.91 estimate and revenue of $758.6 million, up 8.8% year over year. Analysts currently rate the stock Hold with a consensus price target of $43.00.

Vanguard Group Inc. raised its stake in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,827,007 shares of the industrial products company's stock after purchasing an additional 78,993 shares during the period. Vanguard Group Inc. owned 12.89% of ScanSource worth $110,423,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SCSC. Canada Pension Plan Investment Board acquired a new stake in shares of ScanSource in the second quarter valued at approximately $25,000. CWM LLC boosted its holdings in shares of ScanSource by 159.6% in the third quarter. CWM LLC now owns 1,874 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 1,152 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of ScanSource by 400.5% in the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the industrial products company's stock valued at $87,000 after acquiring an additional 1,670 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of ScanSource by 672.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,632 shares of the industrial products company's stock valued at $194,000 after acquiring an additional 4,032 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of ScanSource by 12.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,233 shares of the industrial products company's stock valued at $204,000 after acquiring an additional 590 shares during the period. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SCSC shares. Wall Street Zen downgraded ScanSource from a "buy" rating to a "hold" rating in a report on Saturday, January 17th. Zacks Research raised ScanSource from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $43.00.

Insider Buying and Selling

In other ScanSource news, CEO Michael L. Baur sold 21,173 shares of the business's stock in a transaction on Friday, March 13th. The stock was sold at an average price of $35.76, for a total transaction of $757,146.48. Following the completion of the transaction, the chief executive officer owned 161,339 shares in the company, valued at approximately $5,769,482.64. The trade was a 11.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.18% of the stock is currently owned by insiders.

ScanSource Stock Performance

NASDAQ SCSC opened at $43.50 on Wednesday. The firm has a market capitalization of $884.14 million, a P/E ratio of 13.18, a P/E/G ratio of 0.75 and a beta of 1.28. ScanSource, Inc. has a 1-year low of $33.76 and a 1-year high of $46.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.86 and a quick ratio of 1.20. The business's 50-day simple moving average is $38.21 and its 200-day simple moving average is $39.51.

ScanSource (NASDAQ:SCSC - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.91 by $0.03. ScanSource had a return on equity of 9.35% and a net margin of 2.38%.The firm had revenue of $758.59 million for the quarter, compared to analyst estimates of $738.55 million. During the same period in the previous year, the company posted $0.86 EPS. ScanSource's revenue for the quarter was up 8.8% on a year-over-year basis. Equities analysts predict that ScanSource, Inc. will post 3.9 EPS for the current year.

Key Headlines Impacting ScanSource

Here are the key news stories impacting ScanSource this week:

• Positive Sentiment: ScanSource recently beat revenue forecasts by 6.1%, which supports the view that demand is holding up better than expected and helps justify the stock’s recent strength. ScanSource, Inc. Beat Revenue Forecasts By 6.1%: Here's What Analysts Are Forecasting Next
• Positive Sentiment: A deep-dive article highlighted ScanSource’s converged solutions strategy and targeted investments, suggesting management has a clearer path to support growth and margin improvement. SCSC Q1 Deep Dive: Converged Solutions Strategy and Targeted Investments Shape Outlook
• Neutral Sentiment: Sidoti raised its Q4 2027 EPS estimate and lifted FY2028 earnings expectations, which is a constructive longer-term signal for valuation.
• Neutral Sentiment: The same analyst also trimmed near-term EPS estimates for FY2026, Q1 2027, Q3 2027, and FY2027, reflecting a little caution around the earnings trajectory in the next few quarters.
• Negative Sentiment: The short-interest update showed no meaningful short interest change, so there is no clear bullish catalyst from positioning data.

ScanSource Company Profile

ScanSource, Inc is a global provider of technology products and solutions designed to help businesses enhance operational efficiency and customer engagement. The company specializes in the distribution of point-of-sale (POS) systems, barcode and data capture devices, networking and communications equipment, and value-added software and cloud services. By combining hardware, software and professional services, ScanSource supports channel partners in delivering end-to-end solutions across multiple industries, including retail, hospitality, healthcare and logistics.

Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource has built a broad international footprint, serving customers throughout North, Central and South America as well as Europe, the Middle East and Africa.

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