Shares of ARC Document Solutions Inc (NYSE:ARC) have been assigned an average rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $4.63.

Separately, Zacks Investment Research cut shares of ARC Document Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st.

ARC stock traded down $0.06 during mid-day trading on Friday, reaching $1.92. The company had a trading volume of 277,600 shares, compared to its average volume of 171,382. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.27 and a current ratio of 1.57. The stock has a market capitalization of $91.43 million, a price-to-earnings ratio of 12.87 and a beta of 1.98. ARC Document Solutions has a one year low of $1.87 and a one year high of $4.84.

ARC Document Solutions (NYSE:ARC) last posted its earnings results on Tuesday, May 1st. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). ARC Document Solutions had a negative net margin of 5.76% and a positive return on equity of 3.68%. The company had revenue of $97.71 million during the quarter, compared to the consensus estimate of $96.19 million. analysts predict that ARC Document Solutions will post 0.12 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC raised 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. Punch & Associates Investment Management Inc. raised its position in ARC Document Solutions by 12.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 2,129,569 shares of the business services provider’s stock worth $4,685,000 after acquiring an additional 241,409 shares in the last quarter. Shepherd Kaplan Krochuk LLC increased its stake in ARC Document Solutions by 188.8% in the 1st quarter. Shepherd Kaplan Krochuk LLC now owns 75,100 shares of the business services provider’s stock worth $165,000 after purchasing an additional 49,100 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in ARC Document Solutions by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,648 shares of the business services provider’s stock worth $5,510,000 after purchasing an additional 151,476 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in ARC Document Solutions by 91.5% in the 1st quarter. California Public Employees Retirement System now owns 65,893 shares of the business services provider’s stock worth $145,000 after purchasing an additional 31,493 shares in the last quarter. Institutional investors and hedge funds own 68.88% 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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