ARC Document Solutions, Inc. (ARC) Downgraded by Zacks Investment Research

ARC Document Solutions, Inc. (NYSE:ARC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday.

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. “

Other research analysts have also recently issued research reports about the stock. B. Riley reiterated a “buy” rating and set a $5.00 price objective on shares of ARC Document Solutions in a research report on Tuesday, August 1st. TheStreet upgraded shares of ARC Document Solutions from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. ValuEngine cut shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research report on Thursday. FBR & Co cut shares of ARC Document Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $4.00 to $5.25 in a research report on Thursday. Finally, Raymond James Financial, Inc. upgraded shares of ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. ARC Document Solutions presently has an average rating of “Hold” and an average target price of $4.63.

Shares of ARC Document Solutions (NYSE:ARC) traded down $1.63 during trading on Friday, hitting $2.81. The stock had a trading volume of 495,459 shares, compared to its average volume of 245,544. The firm has a market capitalization of $161.65 million, a price-to-earnings ratio of 18.32 and a beta of 2.52.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). ARC Document Solutions had a negative net margin of 1.70% and a positive return on equity of 5.28%. The firm had revenue of $96.50 million for the quarter, compared to the consensus estimate of $98.24 million. During the same quarter last year, the firm earned $0.07 EPS. The company’s revenue was down 3.9% on a year-over-year basis. equities research analysts expect that ARC Document Solutions will post 0.13 EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of ARC Document Solutions by 10.0% during the second quarter. The Manufacturers Life Insurance Company now owns 38,025 shares of the business services provider’s stock valued at $158,000 after buying an additional 3,446 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in shares of ARC Document Solutions by 6.9% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 45,000 shares of the business services provider’s stock valued at $186,000 after buying an additional 2,900 shares during the last quarter. Perkins Capital Management Inc. lifted its position in shares of ARC Document Solutions by 11.5% during the second quarter. Perkins Capital Management Inc. now owns 48,416 shares of the business services provider’s stock valued at $201,000 after buying an additional 5,000 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of ARC Document Solutions by 3.2% during the second quarter. SG Americas Securities LLC now owns 62,272 shares of the business services provider’s stock valued at $259,000 after buying an additional 1,954 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of ARC Document Solutions by 24.3% during the second quarter. Federated Investors Inc. PA now owns 69,738 shares of the business services provider’s stock valued at $290,000 after buying an additional 13,614 shares during the last quarter. 70.57% of the stock is owned by hedge funds and other institutional investors.

About ARC Document Solutions

ARC Document Solutions, Inc (ARC) is a document solutions provider for the architectural, engineering and construction (AEC) industry. The Company also provides document solutions to businesses of various types. ARC’s offerings include managed print services (MPS), offsite services, archive and information management (AIM), specialized color printing, Web-based document management applications, digital shipping/managed file transfer, and equipment and supplies sales.

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