Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) posted its earnings results on Wednesday. The business services provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.19, MarketWatch Earnings reports. The firm had revenue of $250.69 million for the quarter, compared to the consensus estimate of $239.30 million. Altisource Portfolio Solutions had a net margin of 1.72% and a return on equity of 102.97%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $1.58 EPS.

Altisource Portfolio Solutions (NASDAQ ASPS) traded up 1.92% on Wednesday, hitting $24.38. 260,554 shares of the company were exchanged. The stock has a market cap of $449.37 million, a PE ratio of 28.25 and a beta of 0.75. The firm has a 50 day moving average of $22.96 and a 200-day moving average of $25.70. Altisource Portfolio Solutions has a 52-week low of $16.17 and a 52-week high of $46.99.

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A number of hedge funds have recently bought and sold shares of the stock. American International Group Inc. boosted its stake in Altisource Portfolio Solutions by 7.1% in the first quarter. American International Group Inc. now owns 7,115 shares of the business services provider’s stock valued at $262,000 after buying an additional 473 shares in the last quarter. American Century Companies Inc. boosted its stake in Altisource Portfolio Solutions by 0.7% in the second quarter. American Century Companies Inc. now owns 127,118 shares of the business services provider’s stock valued at $2,774,000 after buying an additional 848 shares in the last quarter. TrimTabs Asset Management LLC boosted its stake in Altisource Portfolio Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 3,346 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,576 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Altisource Portfolio Solutions by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 45,215 shares of the business services provider’s stock valued at $1,664,000 after buying an additional 1,947 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Altisource Portfolio Solutions by 35.0% in the first quarter. Wells Fargo & Company MN now owns 10,424 shares of the business services provider’s stock valued at $384,000 after buying an additional 2,700 shares in the last quarter. 56.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on ASPS shares. Northland Securities downgraded shares of Altisource Portfolio Solutions from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th. TheStreet downgraded shares of Altisource Portfolio Solutions from a “c” rating to a “d+” rating in a research report on Monday, May 15th. BidaskClub downgraded shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Compass Point raised shares of Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and increased their target price for the company from $7.00 to $15.00 in a research report on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.00.

Altisource Portfolio Solutions Company Profile

Altisource Portfolio Solutions SA is a marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries. The Company’s business processes, vendor and electronic payment management software and behavioral science-based analytics manage outcomes for marketplace participants.

Earnings History for Altisource Portfolio Solutions (NASDAQ:ASPS)

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