ScanSource, Inc. $SCSC Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 71.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,760 shares of the industrial products company’s stock after selling 44,039 shares during the quarter. Denali Advisors LLC owned approximately 0.09% of ScanSource worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCSC. BlackRock Inc. acquired a new position in shares of ScanSource during the 2nd quarter valued at about $200,140,000. Vanguard Group Inc. raised its holdings in shares of ScanSource by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 2,827,007 shares of the industrial products company’s stock worth $110,423,000 after purchasing an additional 78,993 shares during the period. Wasatch Advisors LP lifted its stake in shares of ScanSource by 34.9% in the 3rd quarter. Wasatch Advisors LP now owns 1,139,573 shares of the industrial products company’s stock valued at $50,130,000 after purchasing an additional 294,624 shares in the last quarter. Pzena Investment Management LLC acquired a new position in shares of ScanSource in the 2nd quarter valued at about $57,807,000. Finally, LSV Asset Management grew its holdings in shares of ScanSource by 40.6% during the 4th quarter. LSV Asset Management now owns 847,863 shares of the industrial products company’s stock worth $33,118,000 after purchasing an additional 244,903 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of ScanSource from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Northcoast Research downgraded shares of ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, Weiss Ratings raised shares of ScanSource from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $43.00.

ScanSource Stock Performance

Shares of NASDAQ:SCSC opened at $56.39 on Friday. The business’s 50-day simple moving average is $53.05 and its 200 day simple moving average is $44.49. The company has a market cap of $1.15 billion, a P/E ratio of 17.09, a PEG ratio of 0.80 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.20 and a current ratio of 1.86. ScanSource, Inc. has a one year low of $33.76 and a one year high of $66.78.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings results on Thursday, August 20th. The industrial products company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.32. The firm had revenue of $953.11 million during the quarter, compared to analysts’ expectations of $814.35 million. ScanSource had a return on equity of 9.35% and a net margin of 2.38%.ScanSource’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.02 EPS. On average, sell-side analysts forecast that ScanSource, Inc. will post 3.9 earnings per share for the current fiscal year.

Key Stories Impacting ScanSource

Here are the key news stories impacting ScanSource this week:

• Positive Sentiment: Strong quarterly results: ScanSource reported adjusted EPS of $1.46, well above the $1.14 consensus estimate, while revenue reached $953.1 million versus expectations of $814.35 million. Revenue increased 17.3% year over year, and adjusted earnings rose from $1.02 a year earlier. ScanSource Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Optimistic fiscal 2027 guidance: Management expects revenue growth of 6% to 10%, implying approximately $3.4 billion to $3.5 billion in sales and exceeding the roughly $3.2 billion analyst forecast. The company also projected adjusted EBITDA of $158 million to $165 million and at least $85 million in free cash flow. ScanSource FY 2027 Revenue Outlook
• Positive Sentiment: MicroAge acquisition expands growth opportunities: ScanSource agreed to acquire IT solutions integrator MicroAge for $220.5 million in cash. The deal is intended to strengthen its cloud, cybersecurity and managed-services capabilities, with closing expected by the quarter ending September 30, 2026, subject to customary approvals. Investors view the transaction as a potential way to broaden the company’s market reach and support future margin growth. ScanSource to Acquire MicroAge
• Neutral Sentiment: Execution risks remain: Management’s plan to gain market share and integrate MicroAge could support long-term growth, but investors will monitor acquisition execution, synergies and the effect of the cash purchase on returns and free cash flow. ScanSource CEO Discusses Taking Market Share
• Negative Sentiment: Some caution signals: Northcoast Research recently downgraded ScanSource to Neutral, while reported insider activity showed three sales and no purchases by insiders over the past six months. These factors may limit enthusiasm if post-earnings momentum fades. Northcoast Research Downgrades ScanSource

ScanSource Profile

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.