Rachel Hayden Sells 752 Shares of ScanSource (NASDAQ:SCSC) Stock

Key Points

• Rachel Hayden, EVP of ScanSource, sold 752 shares of the company's stock at an average price of $43.57, totaling approximately $32,764.64, which reduced her position by 4.80%.
• ScanSource's stock traded up 1.2% to $44.16, with a market cap of $966.66 million and key ratios indicating a solid financial standing.
• Recent earnings reports showed that ScanSource exceeded expectations with $1.02 EPS for the quarter, indicating an 8.9% increase in revenue year-over-year.

ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) EVP Rachel Hayden sold 752 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $43.57, for a total transaction of $32,764.64. Following the completion of the transaction, the executive vice president directly owned 14,918 shares of the company's stock, valued at approximately $649,977.26. The trade was a 4.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rachel Hayden also recently made the following trade(s):

• On Friday, August 29th, Rachel Hayden sold 833 shares of ScanSource stock. The shares were sold at an average price of $44.36, for a total transaction of $36,951.88.
• On Thursday, August 28th, Rachel Hayden sold 1,080 shares of ScanSource stock. The shares were sold at an average price of $44.69, for a total transaction of $48,265.20.
• On Wednesday, August 27th, Rachel Hayden sold 1,012 shares of ScanSource stock. The shares were sold at an average price of $43.27, for a total transaction of $43,789.24.
• On Friday, June 20th, Rachel Hayden sold 6,738 shares of ScanSource stock. The shares were sold at an average price of $41.27, for a total transaction of $278,077.26.

ScanSource Trading Up 1.2%

NASDAQ SCSC traded up $0.54 on Wednesday, hitting $44.16. The company's stock had a trading volume of 307,322 shares, compared to its average volume of 248,053. The company has a quick ratio of 1.30, a current ratio of 2.01 and a debt-to-equity ratio of 0.14. ScanSource, Inc. has a 1-year low of $28.75 and a 1-year high of $53.90. The company's 50-day moving average is $41.85 and its 200 day moving average is $38.46. The firm has a market cap of $966.66 million, a PE ratio of 14.67, a PEG ratio of 0.73 and a beta of 1.43.

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

Analyst Ratings Changes

A number of research firms have commented on SCSC. Northcoast Research upgraded shares of ScanSource from a "neutral" rating to a "buy" rating and set a $42.00 price target for the company in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of ScanSource from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Finally, Zacks Research raised shares of ScanSource from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Strong Buy" and a consensus price target of $42.00.

Institutional Trading of ScanSource

A number of large investors have recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board increased its holdings in ScanSource by 3.4% during the second quarter. Public Sector Pension Investment Board now owns 70,843 shares of the industrial products company's stock worth $2,962,000 after buying an additional 2,353 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in ScanSource by 672.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,632 shares of the industrial products company's stock worth $194,000 after buying an additional 4,032 shares during the last quarter. Wasatch Advisors LP increased its holdings in ScanSource by 0.6% during the second quarter. Wasatch Advisors LP now owns 844,949 shares of the industrial products company's stock worth $35,327,000 after buying an additional 4,798 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of ScanSource by 1.3% in the second quarter. Lazard Asset Management LLC now owns 43,016 shares of the industrial products company's stock worth $1,797,000 after purchasing an additional 567 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of ScanSource by 432.3% in the second quarter. BNP Paribas Financial Markets now owns 11,743 shares of the industrial products company's stock worth $491,000 after purchasing an additional 9,537 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

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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