Altisource Portfolio Solutions SA (ASPS) Trading Up 3.9%
Altisource Portfolio Solutions SA (NASDAQ:ASPS)’s share price was up 3.9% during mid-day trading on Tuesday . The stock traded as high as $32.87 and last traded at $32.57, with a volume of 171,178 shares trading hands. The stock had previously closed at $31.36.
Several equities analysts recently issued reports on ASPS shares. Compass Point raised shares of Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $31.00 in a report on Wednesday, August 10th. 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. Finally, Piper Jaffray Cos. lowered shares of Altisource Portfolio Solutions SA from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $24.00 to $16.00 in a report on Monday, May 2nd.
The firm has a market cap of $615.43 million and a P/E ratio of 22.09. The stock’s 50-day moving average is $27.51 and its 200 day moving average is $27.08.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.68 by $0.10. The firm had revenue of $241.30 million for the quarter, compared to analyst estimates of $239.10 million. During the same period last year, the business posted $2.22 earnings per share. Altisource Portfolio Solutions SA’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, equities research analysts predict that Altisource Portfolio Solutions SA will post $5.93 EPS for the current year.
In other news, major shareholder William C. Erbey sold 57,142 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $23.81, for a total value of $1,360,551.02. Following the completion of the sale, the insider now owns 800,709 shares of the company’s stock, valued at approximately $19,064,881.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder William C. Erbey sold 174,398 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $24.14, for a total transaction of $4,209,967.72. Following the completion of the sale, the insider now directly owns 709 shares of the company’s stock, valued at approximately $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. boosted its stake in shares of Altisource Portfolio Solutions SA (NASDAQ:ASPS) by 20.1% during the fourth quarter, according to its most recent Form 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 as of its most recent filing with the SEC.
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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