Altisource Portfolio Solutions SA (ASPS) Trading Down 4.9%
Altisource Portfolio Solutions SA (NASDAQ:ASPS) shares fell 4.9% during mid-day trading on Thursday . The company traded as low as $31.85 and last traded at $31.91, with a volume of 121,965 shares traded. The stock had previously closed at $33.54.
Several brokerages have weighed in on ASPS. Compass Point upgraded Altisource Portfolio Solutions SA from a “neutral” rating to a “buy” rating and lifted their target price for the company from $23.00 to $31.00 in a research note on Wednesday, August 10th. Zacks Investment Research downgraded Altisource Portfolio Solutions SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Finally, Piper Jaffray Cos. downgraded Altisource Portfolio Solutions SA from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $24.00 to $16.00 in a research note on Monday, May 2nd.
The firm has a market cap of $595.61 million and a PE ratio of 21.38. The firm’s 50 day moving average price is $27.88 and its 200-day moving average price is $27.15.
Altisource Portfolio Solutions SA (NASDAQ:ASPS) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by $0.10. During the same quarter last year, the business posted $2.22 EPS. The company earned $241.30 million during the quarter, compared to analyst estimates of $239.10 million. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts anticipate 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 174,398 shares of the company’s stock in a transaction that occurred 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 owns 709 shares in the company, valued at $17,115.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder William C. Erbey sold 136,763 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $29.13, for a total value of $3,983,906.19. Following the sale, the insider now owns 709 shares in the company, valued at approximately $20,653.17. 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 13F filing with the SEC. The institutional investor 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 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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