ARC Document Solutions, Inc. (NYSE:ARC) posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02, Bloomberg Earnings reports. 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 for the quarter, compared to analysts’ expectations of $100.74 million. During the same period in the previous year, the company posted $0.10 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. ARC Document Solutions updated its FY17 guidance to $0.24-0.29 EPS.

ARC Document Solutions (ARC) traded down 2.22% during trading on Friday, hitting $3.53. 110,868 shares of the stock traded hands. ARC Document Solutions has a one year low of $3.08 and a one year high of $5.55. The company has a market capitalization of $163.93 million, a P/E ratio of 14.83 and a beta of 2.50. The company’s 50 day moving average is $3.88 and its 200 day moving average is $3.91.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position in ARC Document Solutions by 3.8% in the fourth quarter. State Street Corp now owns 924,428 shares of the business services provider’s stock worth $4,697,000 after buying an additional 33,845 shares during the period. Dimensional Fund Advisors LP increased its position in ARC Document Solutions by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,062,506 shares of the business services provider’s stock worth $10,477,000 after buying an additional 14,460 shares during the period. Teachers Advisors LLC increased its position in ARC Document Solutions by 56.7% in the fourth quarter. Teachers Advisors LLC now owns 105,912 shares of the business services provider’s stock worth $538,000 after buying an additional 38,320 shares during the period. Perkins Capital Management Inc. increased its position in ARC Document Solutions by 47.2% in the first quarter. Perkins Capital Management Inc. now owns 43,416 shares of the business services provider’s stock worth $150,000 after buying an additional 13,916 shares during the period. Finally, First Manhattan Co. increased its position in ARC Document Solutions by 33.0% in the first quarter. First Manhattan Co. now owns 221,082 shares of the business services provider’s stock worth $826,000 after buying an additional 54,850 shares during the period. 70.96% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently commented on ARC. B. Riley restated a “buy” rating and set a $5.00 price target on shares of ARC Document Solutions in a report on Monday, May 8th. TheStreet upgraded shares of ARC Document Solutions from a “d+” rating to a “c” rating in a report on Tuesday, August 1st. Finally, Raymond James Financial, Inc. upgraded shares of ARC Document Solutions from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 6th.

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.

Earnings History for ARC Document Solutions (NYSE:ARC)

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