ScanSource, Inc. $SCSC Shares Acquired by Susquehanna International Group LLP

Susquehanna International Group LLP lifted its stake in shares of ScanSource, Inc. (NASDAQ:SCSC – Free Report) by 118.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,539 shares of the industrial products company’s stock after buying an additional 9,515 shares during the quarter. Susquehanna International Group LLP’s holdings in ScanSource were worth $914,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in ScanSource by 5.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,398 shares of the industrial products company’s stock worth $2,313,000 after buying an additional 2,126 shares during the period. Hsbc Holdings PLC grew its stake in shares of ScanSource by 160.3% during the second quarter. Hsbc Holdings PLC now owns 36,881 shares of the industrial products company’s stock valued at $1,933,000 after acquiring an additional 22,715 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of ScanSource during the second quarter worth about $5,517,000. Public Employees Retirement System of Ohio purchased a new stake in shares of ScanSource during the second quarter worth about $1,183,000. Finally, Bank of America Corp DE acquired a new position in shares of ScanSource in the second quarter worth about $2,502,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Get ScanSource alerts:

ScanSource Stock Performance

NASDAQ SCSC opened at $56.55 on Monday. ScanSource, Inc. has a one year low of $33.76 and a one year high of $66.78. The company has a 50-day simple moving average of $53.83 and a 200-day simple moving average of $45.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.15 and a current ratio of 1.76. The firm has a market capitalization of $1.14 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28.

ScanSource (NASDAQ:SCSC – Get Free Report) last issued its earnings results on Thursday, August 20th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.32. ScanSource had a net margin of 2.44% and a return on equity of 10.10%. The firm had revenue of $953.11 million for the quarter, compared to analysts’ expectations of $814.35 million. During the same quarter last year, the company posted $1.02 earnings per share. ScanSource’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts forecast that ScanSource, Inc. will post 4.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SCSC. Weiss Ratings restated a “hold (c+)” rating on shares of ScanSource in a report on Wednesday. Zacks Research raised shares of ScanSource from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th. Wall Street Zen raised shares of ScanSource from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Northcoast Research downgraded shares of ScanSource from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Get Our Latest Research Report on SCSC

ScanSource Profile

(Free Report)

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.

See Also

• Five stocks we like better than ScanSource
• Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
• Rubrik’s AI Security Bet Could Power the Next Leg Higher
• Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
• Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?

Want to see what other hedge funds are holding SCSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ScanSource, Inc. (NASDAQ:SCSC – Free Report).

Receive News & Ratings for ScanSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ScanSource and related companies with MarketBeat.com's FREE daily email newsletter.