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Rachel Hayden, SEVP & CIO of Scansource (NASDAQ:SCSC), sold 6,738 shares of common stock on June 20, 2025, at a price of $41.27, totaling $278,077.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed at a single price point of $41.27. Following the sale, Hayden directly owns 13,174 shares of Scansource. InvestingPro data reveals that management has been actively buying back shares, demonstrating confidence in the company’s prospects. For deeper insights into Scansource’s valuation and 10+ additional ProTips, consider exploring InvestingPro’s comprehensive research report.
The sale was executed under a Rule 10b5-1 sales plan adopted on March 20, 2025. J. Creighton Lynes, attorney-in-fact, signed the Form 4 on behalf of Rachel Hayden on June 20, 2025.
In other recent news, ScanSource Inc. announced its third-quarter earnings for 2025, showcasing a mixed financial performance. The company reported earnings per share (EPS) of $0.86, surpassing analysts’ expectations of $0.81. However, revenue fell short of projections, reaching $704.85 million against a forecast of $800.4 million. Despite this revenue miss, ScanSource demonstrated strong profitability with improved gross profit and adjusted EBITDA margins. The company also generated $65 million in free cash flow during the quarter, maintaining a cash position of $146 million at quarter-end.
Analyst firms like RJ have shown interest in ScanSource’s capital allocation strategy, particularly its $200 million share repurchase program, which indicates confidence in future prospects. The company remains focused on organic growth and strategic acquisitions, with recent purchases such as Advantix and ResourceVet contributing positively to earnings. Additionally, ScanSource has expanded its supplier network, adding nine new suppliers to its Intelisys segment, enhancing its offerings in AI and cybersecurity. The company’s leadership expressed optimism about future growth opportunities, emphasizing the importance of strategic investments and acquisitions.
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