Shares of Altisource Portfolio Solutions SA (NASDAQ:ASPS) dropped 4.9% on Thursday . The stock traded as low as $31.85 and last traded at $31.91, with a volume of 121,965 shares trading hands. The stock had previously closed at $33.54.

ASPS has been the topic of several analyst reports. Piper Jaffray Cos. downgraded shares of Altisource Portfolio Solutions SA from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $24.00 to $16.00 in a report on Monday, May 2nd. Zacks Investment Research raised shares of Altisource Portfolio Solutions SA from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, June 15th. Finally, Compass Point raised shares of Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $23.00 to $31.00 in a report on Wednesday, August 10th.

The company has a 50 day moving average price of $27.51 and a 200-day moving average price of $27.08. The company has a market cap of $582.21 million and a PE ratio of 20.90.

Altisource Portfolio Solutions SA (NASDAQ:ASPS) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.68 by $0.10. During the same quarter last year, the business earned $2.22 EPS. The business had revenue of $241.30 million for the quarter, compared to analysts’ expectations of $239.10 million. Altisource Portfolio Solutions SA’s revenue was down 4.7% compared to the same quarter last year. On average, analysts forecast that Altisource Portfolio Solutions SA will post $5.93 EPS for the current year.

In other Altisource Portfolio Solutions SA news, major shareholder William C. Erbey sold 268,460 shares of the stock in a transaction on Friday, July 29th. The shares were sold at an average price of $24.01, for a total transaction of $6,445,724.60. Following the sale, the insider now directly owns 709 shares of the company’s stock, valued at $17,023.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder William C. Erbey sold 174,398 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $24.14, for a total transaction of $4,209,967.72. Following the sale, the insider now directly owns 709 shares in the company, valued at $17,115.26. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Altisource Portfolio Solutions SA stock. Schwab Charles Investment Management Inc. raised its position in Altisource Portfolio Solutions SA (NASDAQ:ASPS) by 20.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 60,880 shares of the company’s stock after buying an additional 10,177 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.32% of Altisource Portfolio Solutions SA worth $1,694,000 at the end of the most recent reporting period.

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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