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

Altisource Portfolio Solutions (NASDAQ:ASPS) opened at 24.38 on Thursday. Altisource Portfolio Solutions has a 12-month low of $16.17 and a 12-month high of $46.99. The company has a market cap of $449.37 million, a P/E ratio of 28.25 and a beta of 0.75. The firm’s 50-day moving average price is $23.14 and its 200-day moving average price is $25.65.

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A number of large investors have recently added to or reduced their stakes in ASPS. American International Group Inc. increased 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 worth $262,000 after buying an additional 473 shares during the period. American Century Companies Inc. increased 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 worth $2,774,000 after buying an additional 848 shares during the period. TrimTabs Asset Management LLC increased 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 worth $123,000 after buying an additional 1,576 shares during the period. Bank of New York Mellon Corp increased 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 worth $1,664,000 after buying an additional 1,947 shares during the period. Finally, Wells Fargo & Company MN increased 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 worth $384,000 after buying an additional 2,700 shares during the period. 56.81% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on the company. BidaskClub downgraded Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a report on Monday. ValuEngine raised Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Compass Point raised Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and increased their target price for the stock from $7.00 to $15.00 in a report on Tuesday, July 25th. TheStreet downgraded Altisource Portfolio Solutions from a “c” rating to a “d+” rating in a report on Monday, May 15th. Finally, Northland Securities downgraded Altisource Portfolio Solutions from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price 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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