Vanguard Group Inc. raised its holdings in shares of PFSweb, Inc. (NASDAQ:PFSW) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 898,497 shares of the business services provider’s stock after buying an additional 34,480 shares during the quarter. Vanguard Group Inc. owned about 4.67% of PFSweb worth $6,649,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Engine Capital Management LP grew its holdings in shares of PFSweb by 22.4% during the third quarter. Engine Capital Management LP now owns 1,169,727 shares of the business services provider’s stock worth $8,656,000 after buying an additional 214,278 shares in the last quarter. BlackRock Inc. boosted its position in shares of PFSweb by 0.8% during the 3rd quarter. BlackRock Inc. now owns 1,039,341 shares of the business services provider’s stock valued at $7,691,000 after acquiring an additional 8,291 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of PFSweb by 5.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 684,116 shares of the business services provider’s stock valued at $5,062,000 after acquiring an additional 36,808 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of PFSweb by 4.4% during the 3rd quarter. Renaissance Technologies LLC now owns 669,039 shares of the business services provider’s stock valued at $4,951,000 after acquiring an additional 27,900 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of PFSweb by 428.2% during the 2nd quarter. Northern Trust Corp now owns 165,712 shares of the business services provider’s stock valued at $1,611,000 after acquiring an additional 134,340 shares during the last quarter. 63.00% of the stock is owned by institutional investors and hedge funds.
Shares of PFSW stock opened at $6.26 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.23 and a current ratio of 1.31. The stock has a market cap of $116.32 million, a PE ratio of 31.30 and a beta of 0.57. PFSweb, Inc. has a twelve month low of $4.84 and a twelve month high of $11.86.
Several research analysts have recently weighed in on the stock. ValuEngine raised shares of PFSweb from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research raised shares of PFSweb from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research report on Thursday, January 10th. Finally, B. Riley set a $12.00 price target on shares of PFSweb and gave the company a “buy” rating in a research report on Friday, November 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. PFSweb currently has an average rating of “Buy” and an average target price of $10.25.
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PFSweb, Inc provides omni-channel commerce solutions in the United States, Europe, Canada, and India. It operates through two segments, PFSweb, and Business and Retail Connect. The company offers strategic commerce consulting services, including commerce strategy, omni-channel consulting, digital opportunity audit, organizational/operational readiness, and platform evaluation/selection services; and strategy, design, and digital marketing services, such as digital strategy, design, user experience, interactive development, SEO and paid search, affiliate marketing, conversion optimization, storefront management, email marketing, and digital analytics.
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