ClariVest Asset Management LLC bought a new stake in PFSweb, Inc. (NASDAQ:PFSW) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,751 shares of the business services provider’s stock, valued at approximately $206,000. ClariVest Asset Management LLC owned approximately 0.14% of PFSweb as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in PFSweb by 205.4% in the 2nd quarter. BlackRock Inc. now owns 1,031,050 shares of the business services provider’s stock valued at $10,022,000 after purchasing an additional 693,474 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in PFSweb by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 647,308 shares of the business services provider’s stock valued at $6,292,000 after buying an additional 13,410 shares during the last quarter. Renaissance Technologies LLC boosted its position in PFSweb by 20.8% in the 2nd quarter. Renaissance Technologies LLC now owns 641,139 shares of the business services provider’s stock valued at $6,232,000 after buying an additional 110,388 shares during the last quarter. Northern Trust Corp boosted its position in PFSweb by 428.2% in the 2nd quarter. Northern Trust Corp now owns 165,712 shares of the business services provider’s stock valued at $1,611,000 after buying an additional 134,340 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in PFSweb by 51.6% in the 3rd quarter. Acadian Asset Management LLC now owns 125,456 shares of the business services provider’s stock valued at $928,000 after buying an additional 42,701 shares during the last quarter. 62.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:PFSW traded down $0.01 during trading hours on Friday, hitting $5.29. The stock had a trading volume of 38,272 shares, compared to its average volume of 53,978. PFSweb, Inc. has a 1-year low of $5.11 and a 1-year high of $11.86. The firm has a market capitalization of $101.88 million, a P/E ratio of 26.45 and a beta of 0.21. The company has a current ratio of 1.31, a quick ratio of 1.23 and a debt-to-equity ratio of 0.95.
PFSweb (NASDAQ:PFSW) last announced its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.07. PFSweb had a net margin of 0.47% and a return on equity of 13.65%. The company had revenue of $77.70 million for the quarter, compared to analyst estimates of $75.93 million. Analysts predict that PFSweb, Inc. will post 0.26 EPS for the current year.
A number of equities analysts have weighed in on PFSW shares. ValuEngine cut shares of PFSweb from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Zacks Investment Research raised shares of PFSweb from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Thursday, October 11th. Finally, B. Riley set a $12.00 price target on shares of PFSweb and gave the stock a “buy” rating in a research report on Friday, November 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $10.25.
TRADEMARK VIOLATION WARNING: “ClariVest Asset Management LLC Invests $206,000 in PFSweb, Inc. (PFSW)” was first published by Fairfield Current and is owned by of Fairfield Current. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.fairfieldcurrent.com/news/2018/12/16/clarivest-asset-management-llc-invests-206000-in-pfsweb-inc-pfsw-stock.html.
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.
Featured Article: Asset Allocation
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.