Russell Investments Group Ltd. grew its stake in shares of PFSweb, Inc. (NASDAQ:PFSW) by 24.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,721 shares of the business services provider’s stock after buying an additional 45,443 shares during the period. Russell Investments Group Ltd. owned 1.19% of PFSweb worth $1,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in PFSweb by 187.5% in the 4th quarter. Wells Fargo & Company MN now owns 14,041 shares of the business services provider’s stock worth $104,000 after purchasing an additional 9,157 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in PFSweb in the 4th quarter worth approximately $178,000. Stone Ridge Asset Management LLC purchased a new position in PFSweb in the 4th quarter worth approximately $239,000. Teton Advisors Inc. lifted its holdings in PFSweb by 1.7% in the 1st quarter. Teton Advisors Inc. now owns 329,962 shares of the business services provider’s stock worth $2,884,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Engine Capital Management LLC lifted its holdings in PFSweb by 40.3% in the 4th quarter. Engine Capital Management LLC now owns 1,428,798 shares of the business services provider’s stock worth $10,616,000 after purchasing an additional 410,472 shares in the last quarter. 61.24% of the stock is currently owned by institutional investors.

NASDAQ:PFSW opened at $9.81 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.08 and a current ratio of 1.18. PFSweb, Inc. has a 1 year low of $5.90 and a 1 year high of $11.86. The company has a market capitalization of $191.09 million, a price-to-earnings ratio of 49.05, a PEG ratio of 5.94 and a beta of 0.40.

A number of research analysts recently commented on the company. Zacks Investment Research raised PFSweb from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Thursday, May 17th. TheStreet raised PFSweb from a “d+” rating to a “c” rating in a report on Thursday, April 19th. Craig Hallum raised PFSweb from a “hold” rating to a “buy” rating in a report on Friday, May 11th. ValuEngine cut PFSweb from a “buy” rating to a “hold” rating in a report on Thursday, June 28th. Finally, B. Riley set a $11.00 price target on PFSweb and gave the stock a “buy” rating in a report on Wednesday, March 14th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. PFSweb currently has an average rating of “Buy” and a consensus price target of $10.60.

PFSweb Profile

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.

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

Institutional Ownership by Quarter for PFSweb (NASDAQ:PFSW)

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