Boston Partners lowered its position in ARC Document Solutions, Inc. (NYSE:ARC) by 19.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,449,903 shares of the business services provider’s stock after selling 340,070 shares during the period. Boston Partners owned about 3.12% of ARC Document Solutions worth $6,031,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Blair William & Co. IL increased its position in shares of ARC Document Solutions by 1.8% in the first quarter. Blair William & Co. IL now owns 28,516 shares of the business services provider’s stock worth $115,000 after buying an additional 500 shares during the last quarter. Eagle Global Advisors LLC purchased a new position in shares of ARC Document Solutions during the first quarter worth $127,000. Perkins Capital Management Inc. increased its position in shares of 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 last quarter. TFS Capital LLC increased its position in shares of ARC Document Solutions by 322.4% in the first quarter. TFS Capital LLC now owns 51,694 shares of the business services provider’s stock worth $178,000 after buying an additional 39,455 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of ARC Document Solutions during the first quarter worth $208,000. Institutional investors and hedge funds own 70.96% of the company’s stock.
ARC Document Solutions, Inc. (NYSE ARC) opened at 3.53 on Friday. The firm has a 50 day moving average of $3.88 and a 200 day moving average of $3.91. The firm has a market capitalization of $163.93 million, a P/E ratio of 14.83 and a beta of 2.50. ARC Document Solutions, Inc. has a 12-month low of $3.08 and a 12-month high of $5.55.
ARC Document Solutions (NYSE:ARC) last announced 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. ARC Document Solutions had a return on equity of 7.00% and a net margin of 2.72%. The company had revenue of $102.30 million during the quarter, compared to analyst estimates of $100.74 million. During the same quarter last year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, analysts forecast that ARC Document Solutions, Inc. will post $0.22 EPS for the current fiscal year.
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Several research firms have commented on ARC. B. Riley reiterated a “buy” rating and issued a $5.00 price objective on shares of ARC Document Solutions in a report on Tuesday, August 1st. 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.
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