Altisource Portfolio Solutions SA (ASPS) Trading 2.7% Higher
Altisource Portfolio Solutions SA (NASDAQ:ASPS)’s share price traded up 2.7% during trading on Monday . The company traded as high as $23.98 and last traded at $23.89, with a volume of 241,442 shares. The stock had previously closed at $23.26.
A number of equities analysts have recently commented on the stock. Piper Jaffray Cos. lowered shares of Altisource Portfolio Solutions SA from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $24.00 to $16.00 in a report on Monday, May 2nd. Zacks Investment Research lowered shares of Altisource Portfolio Solutions SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th.
The stock has a market cap of $447.35 million and a price-to-earnings ratio of 16.06. The stock’s 50-day moving average is $26.41 and its 200-day moving average is $26.93.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last posted its earnings results on Thursday, July 21st. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.10. The business had revenue of $241.30 million for the quarter, compared to analyst estimates of $239.10 million. During the same quarter in the previous year, the company earned $2.22 EPS. Altisource Portfolio Solutions SA’s quarterly revenue was down 4.7% on a year-over-year basis. Equities research analysts expect that Altisource Portfolio Solutions SA will post $6.02 EPS for the current year.
In other news, major shareholder William C. Erbey sold 174,398 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $24.14, for a total value of $4,209,967.72. Following the transaction, the insider now owns 709 shares of the company’s stock, valued at approximately $17,115.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder William C. Erbey sold 268,460 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $24.01, for a total transaction of $6,445,724.60. Following the completion of the transaction, the insider now directly owns 709 shares in the company, valued at approximately $17,023.09. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Altisource Portfolio Solutions SA stock. Dimensional Fund Advisors LP increased its position in Altisource Portfolio Solutions SA (NASDAQ:ASPS) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,688 shares of the company’s stock after buying an additional 3,369 shares during the period. Dimensional Fund Advisors LP owned approximately 1.50% of Altisource Portfolio Solutions SA worth $8,056,000 at the end of the most recent quarter.
Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company operates through three segments: Mortgage Services, Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle, and are outsourced by loan servicers, loan originators, home investors, and other sellers and buyers of single family homes.
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