Martingale Asset Management L P Boosts Stock Holdings in ScanSource, Inc. $SCSC

Martingale Asset Management L P boosted its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 2.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,078 shares of the industrial products company’s stock after acquiring an additional 1,179 shares during the period. Martingale Asset Management L P owned 0.26% of ScanSource worth $2,043,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. EntryPoint Capital LLC grew its stake in shares of ScanSource by 50.4% in the 1st quarter. EntryPoint Capital LLC now owns 10,905 shares of the industrial products company’s stock worth $371,000 after buying an additional 3,653 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of ScanSource by 154.7% in the 1st quarter. Hsbc Holdings PLC now owns 18,384 shares of the industrial products company’s stock worth $623,000 after buying an additional 11,166 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of ScanSource in the 1st quarter worth $973,000. Versor Investments LP grew its stake in shares of ScanSource by 87.0% in the 1st quarter. Versor Investments LP now owns 8,600 shares of the industrial products company’s stock worth $292,000 after buying an additional 4,000 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of ScanSource by 7.8% in the 1st quarter. American Century Companies Inc. now owns 818,463 shares of the industrial products company’s stock worth $27,836,000 after buying an additional 59,145 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ScanSource

In other news, EVP Rachel Hayden sold 6,738 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $41.27, for a total value of $278,077.26. Following the completion of the sale, the executive vice president owned 13,174 shares in the company, valued at approximately $543,690.98. The trade was a 33.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

ScanSource Trading Up 11.8%

NASDAQ:SCSC opened at $44.63 on Friday. ScanSource, Inc. has a one year low of $28.75 and a one year high of $53.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 2.01. The firm has a market cap of $1.01 billion, a P/E ratio of 14.83, a P/E/G ratio of 1.08 and a beta of 1.41. The firm has a 50-day simple moving average of $41.42 and a 200-day simple moving average of $38.18.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Thursday, August 21st. The industrial products company reported $1.02 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 business had revenue of $812.89 million during the quarter, compared to analyst estimates of $776.21 million. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. ScanSource has set its FY 2026 guidance at EPS. Equities analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SCSC. Wall Street Zen raised shares of ScanSource from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Northcoast Research raised shares of ScanSource from a “neutral” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, May 6th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, ScanSource currently has a consensus rating of “Buy” and a consensus target price of $42.00.

ScanSource 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.