Altisource Portfolio Solutions SA (ASPS) Stock Price Up 3.9%
Altisource Portfolio Solutions SA (NASDAQ:ASPS)’s share price rose 3.9% during mid-day trading on Tuesday . The company traded as high as $32.87 and last traded at $32.57, with a volume of 171,178 shares traded. The stock had previously closed at $31.36.
ASPS has been the subject of a number of recent research reports. Compass Point raised shares of Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $31.00 in a research 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 research 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 reduced their price target for the stock from $24.00 to $16.00 in a research report on Monday, May 2nd.
The firm’s 50-day moving average is $27.12 and its 200-day moving average is $26.99. The stock has a market capitalization of $600.38 million and a PE ratio of 21.55.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last announced 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. The firm earned $241.30 million during the quarter, compared to analyst estimates of $239.10 million. During the same period in the previous year, the company posted $2.22 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Altisource Portfolio Solutions SA will post $5.93 earnings per share for the current year.
In other news, major shareholder William C. Erbey sold 136,763 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $29.13, for a total transaction of $3,983,906.19. Following the completion of the transaction, the insider now directly owns 709 shares of the company’s stock, valued at $20,653.17. 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 stock in a transaction dated Thursday, July 28th. The shares were bought at an average cost of $23.88 per share, with a total value 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. Schwab Charles Investment Management Inc. increased its position in Altisource Portfolio Solutions SA (NASDAQ:ASPS) by 20.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 about 0.32% of Altisource Portfolio Solutions SA worth $1,694,000 as of its most recent SEC filing.
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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