Altisource Portfolio Solutions S.A. (ASPS) Given Average Rating of “Buy” by Brokerages
Shares of Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) have been given a consensus rating of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $19.00.
ASPS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Friday, August 11th. BidaskClub downgraded shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. TheStreet upgraded shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Northland Securities restated a “hold” rating and set a $23.00 target price on shares of Altisource Portfolio Solutions in a report on Friday, August 11th. Finally, Compass Point upgraded shares of Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and raised their target price for the company from $7.00 to $15.00 in a report on Tuesday, July 25th.
In other Altisource Portfolio Solutions news, Director Orin S. Kramer bought 25,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was purchased at an average cost of $22.34 per share, for a total transaction of $558,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.75% of the company’s stock.
A number of large investors have recently bought and sold shares of ASPS. Wells Fargo & Company MN increased its holdings in Altisource Portfolio Solutions by 35.0% during the 1st quarter. Wells Fargo & Company MN now owns 10,424 shares of the business services provider’s stock valued at $384,000 after acquiring an additional 2,700 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Altisource Portfolio Solutions by 4.5% during the 1st 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 acquiring an additional 1,947 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in Altisource Portfolio Solutions during the 1st quarter valued at about $244,000. Schroder Investment Management Group purchased a new position in Altisource Portfolio Solutions during the 1st quarter valued at about $318,000. Finally, American International Group Inc. increased its holdings in Altisource Portfolio Solutions by 7.1% during the 1st quarter. American International Group Inc. now owns 7,115 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 473 shares in the last quarter. Hedge funds and other institutional investors own 54.85% of the company’s stock.
Shares of Altisource Portfolio Solutions (NASDAQ:ASPS) opened at 26.93 on Wednesday. The stock has a market cap of $486.03 million, a PE ratio of 89.17 and a beta of 0.78. Altisource Portfolio Solutions has a 1-year low of $16.17 and a 1-year high of $46.99. The stock’s 50 day moving average is $24.16 and its 200-day moving average is $24.61.
Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.88 earnings per share (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 the consensus estimate of $239.30 million. Altisource Portfolio Solutions had a net margin of 0.60% and a return on equity of 82.95%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 EPS. On average, analysts predict that Altisource Portfolio Solutions will post $2.83 EPS for the current fiscal year.
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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.
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