JPMorgan Chase & Co. lifted its position in shares of ARC Document Solutions, Inc. (NYSE:ARC) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,595,988 shares of the business services provider’s stock after purchasing an additional 107,235 shares during the period. JPMorgan Chase & Co. owned about 3.44% of ARC Document Solutions worth $6,639,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of ARC Document Solutions by 1.2% during the second quarter. American Century Companies Inc. now owns 343,963 shares of the business services provider’s stock worth $1,431,000 after purchasing an additional 4,116 shares in the last quarter. Federated Investors Inc. PA increased its holdings in ARC Document Solutions by 24.3% in 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. SG Americas Securities LLC raised its stake in ARC Document Solutions by 3.2% in 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 in the last quarter. Schwab Charles Investment Management Inc. raised its stake in ARC Document Solutions by 28.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 126,550 shares of the business services provider’s stock valued at $527,000 after buying an additional 28,340 shares in the last quarter. Finally, Perkins Capital Management Inc. raised its stake in ARC Document Solutions by 11.5% in 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 in the last quarter. 70.72% of the stock is owned by institutional investors and hedge funds.

ARC Document Solutions, Inc. (NYSE ARC) opened at 4.11 on Wednesday. The firm has a 50-day moving average of $3.75 and a 200 day moving average of $3.76. The stock has a market capitalization of $190.86 million, a price-to-earnings ratio of 17.27 and a beta of 2.54. ARC Document Solutions, Inc. has a 52 week low of $3.17 and a 52 week high of $5.55.

ARC Document Solutions (NYSE:ARC) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The business had revenue of $102.30 million during the quarter, compared to the consensus estimate of $100.74 million. ARC Document Solutions had a net margin of 2.72% and a return on equity of 7.00%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. On average, analysts anticipate that ARC Document Solutions, Inc. will post $0.22 EPS for the current year.

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A number of analysts have issued reports on ARC shares. B. Riley reaffirmed a “buy” rating and set a $5.00 price target on shares of ARC Document Solutions in a report on Tuesday, August 1st. TheStreet upgraded ARC Document Solutions from a “d+” rating to a “c” rating in a report on Tuesday, August 1st. Finally, Raymond James Financial, Inc. upgraded ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 6th.

ARC Document Solutions Company Profile

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.

Institutional Ownership by Quarter for ARC Document Solutions (NYSE:ARC)

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