Vanguard Group Inc. Has $110.42 Million Stock Position in ScanSource, Inc. $SCSC

Vanguard Group Inc. raised its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,827,007 shares of the industrial products company’s stock after acquiring an additional 78,993 shares during the period. Vanguard Group Inc. owned 0.13% of ScanSource worth $110,423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amundi lifted its position in shares of ScanSource by 35.1% in the 1st quarter. Amundi now owns 26,464 shares of the industrial products company’s stock worth $836,000 after acquiring an additional 6,880 shares during the period. AQR Capital Management LLC lifted its position in shares of ScanSource by 3.8% during the 1st quarter. AQR Capital Management LLC now owns 128,574 shares of the industrial products company’s stock worth $4,373,000 after buying an additional 4,693 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of ScanSource by 2.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,859 shares of the industrial products company’s stock worth $471,000 after buying an additional 295 shares during the period. Millennium Management LLC lifted its position in shares of ScanSource by 8.4% during the 1st quarter. Millennium Management LLC now owns 259,808 shares of the industrial products company’s stock worth $8,836,000 after buying an additional 20,086 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of ScanSource by 35.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 61,513 shares of the industrial products company’s stock worth $2,092,000 after buying an additional 16,044 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SCSC shares. Zacks Research upgraded ScanSource from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen downgraded ScanSource from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.00.

ScanSource Stock Down 0.5%

NASDAQ:SCSC opened at $43.50 on Wednesday. ScanSource, Inc. has a 1 year low of $33.76 and a 1 year high of $46.63. The company has a current ratio of 1.86, a quick ratio of 1.20 and a debt-to-equity ratio of 0.11. The stock has a market cap of $884.14 million, a price-to-earnings ratio of 13.18, a PEG ratio of 0.75 and a beta of 1.28. The stock has a 50-day moving average price of $38.21 and a two-hundred day moving average price of $39.51.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. ScanSource had a return on equity of 9.35% and a net margin of 2.38%.The company had revenue of $758.59 million for the quarter, compared to analyst estimates of $738.55 million. During the same period in the previous year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, equities analysts expect that ScanSource, Inc. will post 3.9 earnings per share for the current year.

Key Headlines Impacting ScanSource

Here are the key news stories impacting ScanSource this week:

• Positive Sentiment: ScanSource recently beat revenue forecasts by 6.1%, which supports the view that demand is holding up better than expected and helps justify the stock’s recent strength. ScanSource, Inc. Beat Revenue Forecasts By 6.1%: Here’s What Analysts Are Forecasting Next
• Positive Sentiment: A deep-dive article highlighted ScanSource’s converged solutions strategy and targeted investments, suggesting management has a clearer path to support growth and margin improvement. SCSC Q1 Deep Dive: Converged Solutions Strategy and Targeted Investments Shape Outlook
• Neutral Sentiment: Sidoti raised its Q4 2027 EPS estimate and lifted FY2028 earnings expectations, which is a constructive longer-term signal for valuation.
• Neutral Sentiment: The same analyst also trimmed near-term EPS estimates for FY2026, Q1 2027, Q3 2027, and FY2027, reflecting a little caution around the earnings trajectory in the next few quarters.
• Negative Sentiment: The short-interest update showed no meaningful short interest change, so there is no clear bullish catalyst from positioning data.

Insider Activity at ScanSource

In other news, CEO Michael L. Baur sold 21,173 shares of ScanSource stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $35.76, for a total transaction of $757,146.48. Following the completion of the transaction, the chief executive officer directly owned 161,339 shares in the company, valued at approximately $5,769,482.64. The trade was a 11.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.18% of the company’s stock.

About ScanSource

ScanSource, Inc is a global provider of technology products and solutions designed to help businesses enhance operational efficiency and customer engagement. The company specializes in the distribution of point-of-sale (POS) systems, barcode and data capture devices, networking and communications equipment, and value-added software and cloud services. By combining hardware, software and professional services, ScanSource supports channel partners in delivering end-to-end solutions across multiple industries, including retail, hospitality, healthcare and logistics.

Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource has built a broad international footprint, serving customers throughout North, Central and South America as well as Europe, the Middle East and Africa.