Bank of New York Mellon Corp Decreases Holdings in PFSweb, Inc. (PFSW)

Bank of New York Mellon Corp lessened its stake in shares of PFSweb, Inc. (NASDAQ:PFSW) by 32.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,202 shares of the business services provider’s stock after selling 31,936 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.35% of PFSweb worth $546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in shares of PFSweb by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 549,055 shares of the business services provider’s stock worth $3,585,000 after buying an additional 15,789 shares during the last quarter. Algert Global LLC bought a new stake in shares of PFSweb during the second quarter worth $622,000. Kennedy Capital Management Inc. grew its stake in shares of PFSweb by 105.3% during the first quarter. Kennedy Capital Management Inc. now owns 68,460 shares of the business services provider’s stock worth $447,000 after buying an additional 35,118 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of PFSweb during the second quarter worth $535,000. Finally, UBS Group AG grew its stake in shares of PFSweb by 194.9% during the first quarter. UBS Group AG now owns 50,895 shares of the business services provider’s stock worth $333,000 after buying an additional 33,637 shares during the last quarter. 57.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of PFSweb from a “hold” rating to a “strong-buy” rating and set a $9.50 target price on the stock in a research note on Tuesday, October 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $12.00 target price on shares of PFSweb in a research note on Monday, October 2nd. Northland Securities reaffirmed a “buy” rating and set a $11.00 target price on shares of PFSweb in a research note on Thursday, September 21st. Finally, B. Riley reaffirmed a “buy” rating and set a $13.00 target price on shares of PFSweb in a research note on Monday, August 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $11.15.

Shares of PFSweb, Inc. (NASDAQ:PFSW) opened at 8.35 on Monday. PFSweb, Inc. has a 52 week low of $5.83 and a 52 week high of $9.60. The company’s market cap is $158.51 million. The company has a 50 day moving average of $8.22 and a 200 day moving average of $7.71.

PFSweb (NASDAQ:PFSW) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.03) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). The firm had revenue of $78.07 million for the quarter, compared to analysts’ expectations of $77.13 million. PFSweb had a negative net margin of 3.55% and a negative return on equity of 1.71%. On average, analysts expect that PFSweb, Inc. will post $0.30 EPS for the current year.

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PFSweb Profile

PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.

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Institutional Ownership by Quarter for PFSweb (NASDAQ:PFSW)

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