ARC Document Solutions (ARC) Receives Consensus Rating of “Hold” from Brokerages

ARC Document Solutions (NYSE:ARC) has received a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $4.63.

Separately, Zacks Investment Research raised shares of ARC Document Solutions from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research note on Wednesday, March 7th.

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Shares of NYSE:ARC remained flat at $$2.10 during trading on Monday. 90,389 shares of the company’s stock were exchanged, compared to its average volume of 181,833. The firm has a market cap of $95.06, a price-to-earnings ratio of 14.13 and a beta of 2.07. ARC Document Solutions has a 52 week low of $2.05 and a 52 week high of $4.84. The company has a quick ratio of 1.26, a current ratio of 1.53 and a debt-to-equity ratio of 0.90.

ARC Document Solutions (NYSE:ARC) last issued its earnings results on Tuesday, February 27th. The business services provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $97.10 million during the quarter, compared to analyst estimates of $95.32 million. ARC Document Solutions had a negative net margin of 5.45% and a positive return on equity of 4.45%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. sell-side analysts expect that ARC Document Solutions will post 0.12 earnings per share for the current year.

In other ARC Document Solutions news, Director De La Mesa Manuel J. Perez acquired 20,000 shares of ARC Document Solutions stock in a transaction that occurred on Tuesday, March 13th. The stock was acquired at an average price of $2.35 per share, with a total value of $47,000.00. Following the purchase, the director now owns 60,378 shares in the company, valued at $141,888.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rahul K. Roy sold 10,500 shares of ARC Document Solutions stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $2.45, for a total transaction of $25,725.00. Following the completion of the sale, the insider now directly owns 137,753 shares of the company’s stock, valued at approximately $337,494.85. The disclosure for this sale can be found here. 15.57% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan acquired a new stake in shares of ARC Document Solutions in the 4th quarter valued at $398,000. Cornerstone Capital Management Holdings LLC. raised its holdings in ARC Document Solutions by 114.3% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 121,100 shares of the business services provider’s stock worth $308,000 after acquiring an additional 64,600 shares during the period. Two Sigma Investments LP raised its holdings in ARC Document Solutions by 48.1% in the 4th quarter. Two Sigma Investments LP now owns 169,417 shares of the business services provider’s stock worth $432,000 after acquiring an additional 54,994 shares during the period. Two Sigma Advisers LP raised its holdings in ARC Document Solutions by 78.8% in the 4th quarter. Two Sigma Advisers LP now owns 168,760 shares of the business services provider’s stock worth $430,000 after acquiring an additional 74,400 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new position in ARC Document Solutions in the 4th quarter worth $263,000. 70.85% of the stock is owned by institutional investors and hedge funds.

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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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