ARC Document Solutions (ARC) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of ARC Document Solutions (NYSE:ARC) from a buy rating to a hold rating in a research note published on Tuesday.

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. “

ARC remained flat at $$2.17 on Tuesday. The company’s stock had a trading volume of 10,510 shares, compared to its average volume of 166,916. The company has a current ratio of 1.53, a quick ratio of 1.26 and a debt-to-equity ratio of 0.90. The stock has a market cap of $98.23, a P/E ratio of 14.47 and a beta of 2.07. ARC Document Solutions has a 12-month low of $2.04 and a 12-month high of $4.84.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $97.71 million for the quarter, compared to analysts’ expectations of $96.19 million. ARC Document Solutions had a negative net margin of 5.76% and a positive return on equity of 3.60%. analysts predict that ARC Document Solutions will post 0.12 earnings per share for the current fiscal year.

In other ARC Document Solutions news, insider Rahul K. Roy sold 10,500 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director De La Mesa Manuel J. Perez acquired 20,000 shares of ARC Document Solutions stock in a transaction on Tuesday, March 13th. The shares were bought at an average cost of $2.35 per share, with a total value of $47,000.00. Following the completion of the purchase, the director now owns 60,378 shares in the company, valued at $141,888.30. The disclosure for this purchase can be found here. 15.57% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC increased its position in ARC Document Solutions by 3.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 740,911 shares of the business services provider’s stock worth $1,889,000 after purchasing an additional 22,930 shares during the period. Wells Fargo & Company MN increased its position in ARC Document Solutions by 94.1% during the 4th quarter. Wells Fargo & Company MN now owns 66,971 shares of the business services provider’s stock worth $171,000 after purchasing an additional 32,463 shares during the period. First Quadrant L P CA increased its position in ARC Document Solutions by 14.3% during the 4th quarter. First Quadrant L P CA now owns 281,985 shares of the business services provider’s stock worth $719,000 after purchasing an additional 35,258 shares during the period. Deutsche Bank AG increased its position in ARC Document Solutions by 91.6% during the 4th quarter. Deutsche Bank AG now owns 89,278 shares of the business services provider’s stock worth $226,000 after purchasing an additional 42,680 shares during the period. Finally, LSV Asset Management increased its position in ARC Document Solutions by 9.1% during the 4th quarter. LSV Asset Management now owns 609,597 shares of the business services provider’s stock worth $1,554,000 after purchasing an additional 50,785 shares during the period. Institutional investors own 70.72% of the company’s stock.

ARC Document Solutions Company Profile

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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