ScanSource (NASDAQ:SCSC) CEO Michael L. Baur Sells 102,031 Shares of Stock

Key Points

• CEO Michael Baur sold 102,031 shares of ScanSource stock at an average price of $44.96, totaling approximately $4.59 million, resulting in a 30.96% decrease in his ownership.
• ScanSource reported impressive quarterly earnings with an EPS of $1.02, surpassing analysts' expectations of $0.91, alongside a revenue increase of 8.9% year-over-year.
• Analysts have a consensus "Strong Buy" rating for ScanSource, with recent upgrades pushing the target price to $42.00.

ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) CEO Michael L. Baur sold 102,031 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $44.96, for a total value of $4,587,313.76. Following the completion of the transaction, the chief executive officer owned 227,512 shares in the company, valued at $10,228,939.52. The trade was a 30.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

ScanSource Price Performance

Shares of NASDAQ SCSC traded up $0.21 during mid-day trading on Monday, reaching $44.01. The company's stock had a trading volume of 185,371 shares, compared to its average volume of 277,659. The stock has a 50-day moving average of $42.45 and a two-hundred day moving average of $39.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 2.01. The stock has a market capitalization of $963.38 million, a P/E ratio of 14.62, a P/E/G ratio of 0.74 and a beta of 1.43. ScanSource, Inc. has a 1-year low of $28.75 and a 1-year 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 earnings per share 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 analyst estimates of $776.21 million. ScanSource had a net margin of 2.35% and a return on equity of 9.38%. ScanSource's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 earnings per share. ScanSource has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SCSC has been the topic of a number of recent research reports. Wall Street Zen raised ScanSource from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research raised shares of ScanSource from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and an average target price of $42.00.

Institutional Trading of ScanSource

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new position in ScanSource during the second quarter worth about $25,000. Versant Capital Management Inc increased its holdings in ScanSource by 88.4% in the 1st quarter. Versant Capital Management Inc now owns 863 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 405 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in ScanSource in the fourth quarter valued at approximately $81,000. GAMMA Investing LLC lifted its stake in ScanSource by 25.5% during the first quarter. GAMMA Investing LLC now owns 1,944 shares of the industrial products company's stock worth $66,000 after purchasing an additional 395 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of ScanSource by 400.5% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the industrial products company's stock worth $87,000 after buying an additional 1,670 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

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.