ScanSource (NASDAQ:SCSC) CEO Sells $2,126,945.46 in Stock

Key Points

• Michael Baur, CEO of ScanSource, sold 47,969 shares of the company stock for approximately $2.13 million, reducing his ownership by 19.15% to 202,512 shares valued at about $8.98 million.
• ScanSource's stock price experienced a decrease, trading at $43.80, while the company reported earnings of $1.02 EPS, exceeding analysts' expectations by $0.11.
• Research analysts have upgraded ScanSource's stock rating to a "Strong Buy", with a consensus price target of $42.00.

ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) CEO Michael L. Baur sold 47,969 shares of ScanSource 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 transaction, the chief executive officer owned 202,512 shares in the company, valued at $8,979,382.08. This trade represents a 19.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ScanSource Stock Up 0.5%

SCSC traded up $0.21 during trading on Monday, reaching $44.01. The company had a trading volume of 185,371 shares, compared to its average volume of 277,659. The company has a market cap of $963.38 million, a P/E ratio of 14.62, a PEG ratio of 0.74 and a beta of 1.43. ScanSource, Inc. has a 12 month low of $28.75 and a 12 month high of $53.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.01 and a quick ratio of 1.30. The business's fifty day moving average price is $42.45 and its 200 day moving average price is $39.22.

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

Hedge Funds Weigh In On ScanSource

A number of large investors have recently made changes to their positions in SCSC. Nisa Investment Advisors LLC raised its stake in ScanSource by 2.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,145 shares of the industrial products company's stock worth $424,000 after buying an additional 259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of ScanSource by 2.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,859 shares of the industrial products company's stock worth $471,000 after purchasing an additional 295 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of ScanSource by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 18,409 shares of the industrial products company's stock worth $626,000 after purchasing an additional 344 shares in the last quarter. GAMMA Investing LLC grew its position in ScanSource by 25.5% in the 1st quarter. GAMMA Investing LLC now owns 1,944 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 395 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in ScanSource by 3.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 12,357 shares of the industrial products company's stock valued at $516,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 97.91% of the company's stock.

Analyst Ratings Changes

SCSC has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of ScanSource from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Zacks Research raised 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 and one has given a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Strong Buy" and an average target price of $42.00.

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.