Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) has received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.33.

Several research analysts have recently commented on the stock. BidaskClub lowered shares of Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. TheStreet upgraded shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Friday, August 11th. Northland Securities restated a “hold” rating and set a $23.00 price target on shares of Altisource Portfolio Solutions 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 increased their price target for the stock from $7.00 to $15.00 in a research note on Tuesday, July 25th.

Shares of Altisource Portfolio Solutions (NASDAQ ASPS) opened at 20.48 on Tuesday. Altisource Portfolio Solutions has a 12 month low of $16.17 and a 12 month high of $46.99. The firm has a market cap of $369.62 million, a P/E ratio of 67.81 and a beta of 0.75. The company has a 50-day moving average of $23.10 and a 200-day moving average of $25.31.

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, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.19. Altisource Portfolio Solutions had a net margin of 0.60% and a return on equity of 82.95%. The company had revenue of $250.69 million for the quarter, compared to analyst estimates of $239.30 million. During the same quarter in the prior year, the business posted $1.58 EPS. Altisource Portfolio Solutions’s quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts forecast that Altisource Portfolio Solutions will post $2.83 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in Altisource Portfolio Solutions during the fourth quarter worth about $1,771,000. State Street Corp raised its position in Altisource Portfolio Solutions by 2.3% in the fourth quarter. State Street Corp now owns 223,709 shares of the business services provider’s stock worth $5,950,000 after buying an additional 4,941 shares during the last quarter. Schroder Investment Management Group purchased a new position in Altisource Portfolio Solutions during the first quarter worth about $318,000. SG Americas Securities LLC raised its position in Altisource Portfolio Solutions by 523.6% in the first 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. Finally, Bank of New York Mellon Corp raised its position 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 last quarter. Institutional investors and hedge funds own 55.56% of the company’s stock.

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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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