ARC Document Solutions (ARC) Stock Rating Lowered by Zacks Investment Research

ARC Document Solutions (NYSE:ARC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “ARC Document Solutions Inc. is a document solutions company providing business-to-business document management technology and services to the architectural, engineering and construction, or AEC industries. It also provides document management services to companies in non-AEC industries, such as technology, financial services, retail, entertainment, and food and hospitality. The Company provides services that include scanning, imaging, and managing black and white and color documents. ARC Document Solutions Inc., formerly known as American Reprographics Company, is headquartered in Walnut Creek, California. “

A number of other research analysts have also commented on the stock. ValuEngine lowered shares of ARC Document Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. B. Riley upgraded shares of ARC Document Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the company from $2.75 to $3.25 in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $3.83.

Shares of ARC traded down $0.02 during mid-day trading on Wednesday, reaching $2.28. 79,799 shares of the stock traded hands, compared to its average volume of 258,003. The firm has a market capitalization of $107.78 million, a P/E ratio of 15.20 and a beta of 2.25. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.48 and a quick ratio of 1.24. ARC Document Solutions has a 1 year low of $1.62 and a 1 year high of $4.50.

ARC Document Solutions (NYSE:ARC) last released its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $104.19 million during the quarter, compared to analyst estimates of $103.94 million. ARC Document Solutions had a negative net margin of 5.62% and a positive return on equity of 4.13%. On average, analysts expect that ARC Document Solutions will post 0.14 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its position in ARC Document Solutions by 91.5% in the first quarter. California Public Employees Retirement System now owns 65,893 shares of the business services provider’s stock worth $145,000 after acquiring an additional 31,493 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in ARC Document Solutions by 180.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,300 shares of the business services provider’s stock worth $155,000 after acquiring an additional 56,200 shares in the last quarter. LMR Partners LLP purchased a new position in ARC Document Solutions in the second quarter worth $219,000. Paloma Partners Management Co purchased a new position in ARC Document Solutions in the second quarter worth $345,000. Finally, Millennium Management LLC grew its position in ARC Document Solutions by 407.0% in the first quarter. Millennium Management LLC now owns 254,885 shares of the business services provider’s stock worth $561,000 after acquiring an additional 204,610 shares in the last quarter. Hedge funds and other institutional investors own 61.24% of the company’s stock.

About ARC Document Solutions

ARC Document Solutions, Inc, a reprographics company, provides document solutions worldwide. It offers managed print services, an onsite service that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and operates 175 offsite service centers, which offers managed print service customers with the flexibility and overflow capacity during peak workloads.

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