According to Zacks, “Altisource Portfolio Solutions S.A., together with its subsidiaries, is engaged in provision of real estate mortgage portfolio management and related technology products, as well as asset recovery and customer relationship management services. The Company has three segments: Mortgage Services, Financial Services and Technology Products. Mortgage Services provides valuation, real estate sales, default processing services, property inspection and preservation services, homeowner outreach, closing and title services and knowledge process outsourcing services. Financial Services comprises the Company’s asset recovery management and customer relationship management offerings to the financial services, consumer products, telecommunications and utilities industries. Technology Products is engaged in the design, development and delivery of technology products and services to the mortgage industry. “
Several other equities research analysts have also commented on the stock. BidaskClub lowered shares of Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. Northland Securities restated a “hold” rating and issued a $30.00 price target on shares of Altisource Portfolio Solutions in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.50.
Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). Altisource Portfolio Solutions had a negative net margin of 0.55% and a negative return on equity of 1.44%. The company had revenue of $169.90 million for the quarter, compared to analyst estimates of $167.20 million. During the same quarter last year, the business earned ($0.24) earnings per share. Altisource Portfolio Solutions’s revenue was down 13.9% compared to the same quarter last year. Sell-side analysts predict that Altisource Portfolio Solutions will post -0.2 EPS for the current year.
In related news, Director W Michael Linn sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00. Following the transaction, the director now owns 19,147 shares in the company, valued at $478,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 26.44% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its stake in shares of Altisource Portfolio Solutions by 274.8% during the first quarter. BNP Paribas Arbitrage SA now owns 1,945 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 1,426 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Altisource Portfolio Solutions by 467.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,888 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 2,379 shares during the period. Brandywine Global Investment Management LLC increased its stake in shares of Altisource Portfolio Solutions by 29.2% during the fourth quarter. Brandywine Global Investment Management LLC now owns 8,890 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 2,010 shares during the period. Bank of America Corp DE increased its stake in shares of Altisource Portfolio Solutions by 115.6% during the fourth quarter. Bank of America Corp DE now owns 10,874 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 5,831 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of Altisource Portfolio Solutions during the fourth quarter valued at approximately $297,000. Institutional investors and hedge funds own 68.74% of the company’s stock.
About Altisource Portfolio Solutions
Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States and internationally. It operates in two segments, Mortgage Market and Real Estate Market. The company offers property preservation and inspection, real estate brokerage and auction, title insurance and settlement, appraisal management, broker and non-broker valuation, foreclosure trustee, mortgage charge-off collection, residential and commercial loan disbursement processing, and residential and commercial construction inspection and risk mitigation services, as well as valuation data; residential and commercial loan servicing, vendor management, marketplace transaction and payment management, and default services technologies; and document management platform.
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