ScanSource (NASDAQ:SCSC) Hits New 1-Year High – Should You Buy?

Shares of ScanSource, Inc. (NASDAQ:SCSC) hit a new 52-week high during trading on Monday . The stock traded as high as $46.64 and last traded at $45.7730, with a volume of 12779 shares. The stock had previously closed at $45.90.

Trending Headlines about ScanSource

Here are the key news stories impacting ScanSource this week:

• Positive Sentiment: ScanSource beat revenue forecasts by 6.1% and also delivered earnings above consensus in its latest quarter, signaling solid operating performance and helping support the longer-term growth narrative. ScanSource, Inc. Beat Revenue Forecasts By 6.1%: Here’s What Analysts Are Forecasting Next
• Positive Sentiment: Analyst coverage remains constructive overall, with Sidoti still projecting higher earnings over the next few years, including FY2027 EPS of $4.38 and FY2028 EPS of $5.08, which suggests confidence in ScanSource’s long-term outlook.
• Neutral Sentiment: A recent deep-dive on ScanSource’s Q1 results highlighted the company’s converged solutions strategy and targeted investments, framing the current period as one of execution and portfolio shaping rather than a major new catalyst. SCSC Q1 Deep Dive: Converged Solutions Strategy and Targeted Investments Shape Outlook
• Negative Sentiment: Sidoti lowered estimates for FY2026, Q1 2027, Q3 2027, and FY2027, including a cut to FY2026 EPS to $3.83 and FY2027 EPS to $4.38, which can pressure the stock if investors focus on near-term profit expectations.

Wall Street Analysts Forecast Growth

SCSC has been the topic of several research reports. Wall Street Zen lowered ScanSource from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Zacks Research raised ScanSource from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.00.

ScanSource Stock Down 3.4%

The firm has a 50 day simple moving average of $38.21 and a two-hundred day simple moving average of $39.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.86 and a quick ratio of 1.20. The stock has a market cap of $853.85 million, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 0.75 and a beta of 1.28.

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

Insiders Place Their Bets

In other news, CEO Michael L. Baur sold 21,173 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $35.76, for a total transaction of $757,146.48. Following the sale, the chief executive officer owned 161,339 shares of the company’s stock, valued at $5,769,482.64. This trade represents a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.18% of the company’s stock.

Institutional Investors Weigh In On ScanSource

A number of hedge funds have recently modified their holdings of SCSC. Canada Pension Plan Investment Board acquired a new stake in shares of ScanSource during the second quarter worth about $25,000. Royal Bank of Canada raised its position in shares of ScanSource by 165.0% during the fourth quarter. Royal Bank of Canada now owns 1,876 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 1,168 shares during the period. CWM LLC raised its position in shares of ScanSource by 159.6% during the third quarter. CWM LLC now owns 1,874 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,152 shares during the period. Osaic Holdings Inc. raised its position in shares of ScanSource by 400.5% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 1,670 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of ScanSource by 672.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,632 shares of the industrial products company’s stock worth $194,000 after purchasing an additional 4,032 shares during the period. Institutional investors and hedge funds own 97.91% 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.