Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) have earned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $21.33.

A number of brokerages have commented on ASPS. TheStreet upgraded shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research note on Monday, August 14th. BidaskClub lowered shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Northland Securities reiterated a “hold” rating and issued a $23.00 target price on shares of Altisource Portfolio Solutions in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, August 11th. Finally, Compass Point upgraded shares of Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and upped their target price for the stock from $7.00 to $15.00 in a research note on Tuesday, July 25th.

In other news, Director Orin S. Kramer bought 25,000 shares of Altisource Portfolio Solutions stock in a transaction dated Thursday, August 31st. The stock was purchased at an average price of $22.34 per share, for a total transaction of $558,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 6.75% of the company’s stock.

Large investors have recently modified their holdings of the stock. Schroder Investment Management Group purchased a new position in shares of Altisource Portfolio Solutions in the 1st quarter worth about $318,000. SG Americas Securities LLC boosted its holdings in shares of Altisource Portfolio Solutions by 523.6% in the 1st quarter. SG Americas Securities LLC now owns 48,324 shares of the business services provider’s stock worth $1,778,000 after buying an additional 40,575 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Altisource Portfolio Solutions by 4.5% in the 1st quarter. Bank of New York Mellon Corp now owns 45,215 shares of the business services provider’s stock worth $1,664,000 after buying an additional 1,947 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Altisource Portfolio Solutions by 3.5% in the 1st quarter. American Century Companies Inc. now owns 126,270 shares of the business services provider’s stock worth $4,647,000 after buying an additional 4,224 shares during the last quarter. Finally, Whitebox Advisors LLC purchased a new position in shares of Altisource Portfolio Solutions in the 1st quarter worth about $3,496,000. 54.85% of the stock is currently owned by institutional investors.

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Shares of Altisource Portfolio Solutions (NASDAQ:ASPS) opened at 24.31 on Friday. The firm has a market cap of $438.75 million, a PE ratio of 80.50 and a beta of 0.76. The firm has a 50-day moving average of $22.93 and a 200-day moving average of $24.79. Altisource Portfolio Solutions has a 52 week low of $16.17 and a 52 week high of $46.99.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.19. The business had revenue of $250.69 million during the quarter, compared to analyst estimates of $239.30 million. Altisource Portfolio Solutions had a net margin of 0.60% and a return on equity of 82.95%. Altisource Portfolio Solutions’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 EPS. On average, analysts expect that Altisource Portfolio Solutions will post $2.83 EPS for the current year.

About Altisource Portfolio Solutions

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.

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