Campbell & CO Investment Adviser LLC Sells 23,127 Shares of ScanSource, Inc. $SCSC

Campbell & CO Investment Adviser LLC trimmed its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 59.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,727 shares of the industrial products company’s stock after selling 23,127 shares during the period. Campbell & CO Investment Adviser LLC owned 0.07% of ScanSource worth $658,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SCSC. Jones Financial Companies Lllp acquired a new stake in shares of ScanSource in the first quarter valued at $22,848,000. Hotchkis & Wiley Capital Management LLC grew its holdings in ScanSource by 61.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 336,456 shares of the industrial products company’s stock worth $11,443,000 after acquiring an additional 127,780 shares during the last quarter. Jane Street Group LLC increased its position in ScanSource by 148.3% in the 1st quarter. Jane Street Group LLC now owns 199,799 shares of the industrial products company’s stock valued at $6,795,000 after acquiring an additional 119,317 shares in the last quarter. LSV Asset Management raised its stake in shares of ScanSource by 20.1% in the first quarter. LSV Asset Management now owns 503,185 shares of the industrial products company’s stock worth $17,113,000 after acquiring an additional 84,300 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of ScanSource during the first quarter valued at approximately $2,355,000. Institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SCSC. Barclays began coverage on shares of ScanSource in a research report on Tuesday, October 7th. They issued an “equal weight” rating and a $43.00 price objective for the company. Wall Street Zen lowered ScanSource from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of ScanSource in a report on Thursday. Finally, Zacks Research cut ScanSource from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.50.

ScanSource Trading Down 0.2%

NASDAQ SCSC opened at $40.71 on Friday. ScanSource, Inc. has a 12 month low of $28.75 and a 12 month high of $53.90. The stock has a 50-day simple moving average of $42.78 and a 200 day simple moving average of $41.59. The company has a current ratio of 2.01, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $893.30 million, a PE ratio of 13.52, a P/E/G ratio of 0.71 and a beta of 1.37.

ScanSource (NASDAQ:SCSC) last posted its earnings results on Thursday, November 6th. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.15. The company had revenue of $739.65 million during the quarter, compared to analyst estimates of $787.37 million. ScanSource had a return on equity of 9.38% and a net margin of 2.35%.The company’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS. ScanSource has set its FY 2026 guidance at EPS. Research analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current year.

Insider Activity at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 47,969 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 202,512 shares in the company, valued at approximately $8,979,382.08. This trade represents a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rachel Hayden sold 752 shares of the business’s stock in a transaction 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 $649,977.26. This trade represents a 4.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 153,677 shares of company stock valued at $6,876,030 in the last ninety days. Insiders own 3.18% 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.