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

Denali Advisors LLC lowered its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 71.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,760 shares of the industrial products company’s stock after selling 44,039 shares during the period. Denali Advisors LLC’s holdings in ScanSource were worth $925,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new position in shares of ScanSource in the 2nd quarter valued at approximately $25,000. Royal Bank of Canada increased its stake in shares of ScanSource by 165.0% in the fourth quarter. Royal Bank of Canada now owns 1,876 shares of the industrial products company’s stock worth $73,000 after buying an additional 1,168 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of ScanSource by 400.5% in the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the industrial products company’s stock worth $87,000 after buying an additional 1,670 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in ScanSource in the second quarter valued at $134,000. Finally, Tower Research Capital LLC TRC raised its holdings in ScanSource by 672.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,632 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 4,032 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

ScanSource Stock Performance

ScanSource stock opened at $56.39 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.86 and a quick ratio of 1.20. ScanSource, Inc. has a 12 month low of $33.76 and a 12 month high of $66.78. The company has a fifty day moving average price of $53.05 and a two-hundred day moving average price of $44.49. The company has a market cap of $1.15 billion, a PE ratio of 17.09, a P/E/G ratio of 0.80 and a beta of 1.28.

ScanSource (NASDAQ:SCSC) last issued its 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. ScanSource had a net margin of 2.38% and a return on equity of 9.35%. The company had revenue of $953.11 million for the quarter, compared to analysts’ expectations of $814.35 million. During the same period in the prior year, the company earned $1.02 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. Research analysts expect that ScanSource, Inc. will post 3.9 earnings per share for the current year.

ScanSource News Roundup

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

Analyst Ratings Changes

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

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.