Altisource Portfolio Solutions SA (ASPS) Trading Up 13.3%
Altisource Portfolio Solutions SA (NASDAQ:ASPS)’s share price was up 13.3% on Wednesday . The stock traded as high as $30.00 and last traded at $29.40, with a volume of 1,407,410 shares trading hands. The stock had previously closed at $25.96.
Several equities analysts have recently weighed in on ASPS shares. Compass Point raised Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $31.00 in a report on Wednesday. Zacks Investment Research raised Altisource Portfolio Solutions SA from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a report on Wednesday, June 15th. Finally, Piper Jaffray Cos. cut Altisource Portfolio Solutions SA from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $24.00 to $16.00 in a report on Monday, May 2nd.
The stock has a market cap of $537.44 million and a PE ratio of 19.30. The firm’s 50-day moving average is $26.10 and its 200-day moving average is $26.82.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last issued its quarterly earnings data 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. During the same quarter last year, the firm posted $2.22 earnings per share. The company had revenue of $241.30 million for the quarter, compared to the consensus estimate of $239.10 million. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts predict that Altisource Portfolio Solutions SA will post $5.93 earnings per share for the current fiscal year.
In related news, major shareholder William C. Erbey sold 174,398 shares of Altisource Portfolio Solutions SA 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 transaction, the insider now directly owns 709 shares of the company’s stock, valued at $17,115.26. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Omega Advisors Inc. acquired 172,804 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were acquired at an average cost of $23.88 per share, for a total transaction of $4,126,559.52. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Altisource Portfolio Solutions SA stock. Dimensional Fund Advisors LP raised its stake in shares of 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 1.50% of Altisource Portfolio Solutions SA worth $8,056,000 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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