ScanSource (NASDAQ:SCSC) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of ScanSource (NASDAQ:SCSC) from a strong-buy rating to a buy rating in a research note published on Friday morning.

Several other research firms also recently commented on SCSC. Zacks Research upgraded ScanSource from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ScanSource in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, ScanSource presently has a consensus rating of “Buy” and a consensus price target of $42.00.

ScanSource Trading Up 0.7%

NASDAQ SCSC opened at $44.11 on Friday. The company has a market cap of $965.57 million, a price-to-earnings ratio of 14.65, a P/E/G ratio of 0.74 and a beta of 1.36. ScanSource has a 52 week low of $28.75 and a 52 week high of $53.90. The business has a 50 day moving average price of $43.03 and a 200-day moving average price of $39.67. 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 (NASDAQ:SCSC) last released its quarterly earnings data 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. The firm had revenue of $812.89 million during the quarter, compared to the consensus estimate of $776.21 million. ScanSource had a return on equity of 9.38% and a net margin of 2.35%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. ScanSource has set its FY 2026 guidance at EPS. As a group, equities analysts expect that ScanSource will post 3.33 earnings per share for the current fiscal year.

Insider Buying and Selling at ScanSource

In other ScanSource news, EVP Rachel Hayden sold 1,080 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $44.69, for a total value of $48,265.20. Following the transaction, the executive vice president owned 11,688 shares of the company’s stock, valued at approximately $522,336.72. The trade was a 8.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael L. Baur sold 102,031 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $44.96, for a total value of $4,587,313.76. Following the completion of the transaction, the chief executive officer directly owned 227,512 shares in the company, valued at approximately $10,228,939.52. This represents a 30.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 153,677 shares of company stock worth $6,876,030. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its stake in ScanSource by 2.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 10,145 shares of the industrial products company’s stock worth $424,000 after acquiring an additional 259 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in ScanSource by 2.2% in 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 acquiring an additional 295 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in ScanSource by 1.9% in the 1st quarter. SummerHaven Investment Management LLC now owns 18,409 shares of the industrial products company’s stock worth $626,000 after acquiring an additional 344 shares during the last quarter. GAMMA Investing LLC increased its stake in ScanSource by 25.5% in the 1st quarter. GAMMA Investing LLC now owns 1,944 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 395 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in ScanSource by 3.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,357 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

About ScanSource

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.