ARC Document Solutions, Inc. (NYSE:ARC)‘s stock had its “buy” rating reissued by analysts at B. Riley in a report issued on Monday. They currently have a $5.25 target price on the business services provider’s stock. B. Riley’s target price would suggest a potential upside of 18.78% from the company’s previous close.

Other analysts have also recently issued reports about the stock. TheStreet raised shares of ARC Document Solutions from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Raymond James Financial, Inc. raised shares of ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a research report on Thursday, July 6th.

Shares of ARC Document Solutions (NYSE ARC) opened at 4.42 on Monday. The firm has a market capitalization of $205.26 million, a PE ratio of 18.57 and a beta of 2.54. The stock has a 50 day moving average price of $4.13 and a 200 day moving average price of $3.85. ARC Document Solutions has a 52 week low of $3.17 and a 52 week high of $5.55.

ARC Document Solutions (NYSE:ARC) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. ARC Document Solutions had a net margin of 2.72% and a return on equity of 7.00%. The firm had revenue of $102.30 million during the quarter, compared to analysts’ expectations of $100.74 million. During the same period in the prior year, the company earned $0.10 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. Equities analysts forecast that ARC Document Solutions will post $0.20 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its position in ARC Document Solutions by 6.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,559,900 shares of the business services provider’s stock valued at $8,832,000 after buying an additional 150,500 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in ARC Document Solutions by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,202,841 shares of the business services provider’s stock valued at $9,164,000 after buying an additional 80,216 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its position in ARC Document Solutions by 35.6% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 1,744,414 shares of the business services provider’s stock valued at $7,257,000 after buying an additional 458,020 shares during the last quarter. JPMorgan Chase & Co. boosted its position in ARC Document Solutions by 7.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,595,988 shares of the business services provider’s stock valued at $6,639,000 after buying an additional 107,235 shares during the last quarter. Finally, State Street Corp boosted its position in ARC Document Solutions by 5.9% in the 2nd quarter. State Street Corp now owns 695,218 shares of the business services provider’s stock valued at $2,892,000 after buying an additional 39,036 shares during the last quarter. 70.57% of the stock is owned by institutional investors.

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.

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