Research Analysts’ Recent Ratings Updates for Altisource Portfolio Solutions (ASPS)

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A number of research firms have changed their ratings and price targets for Altisource Portfolio Solutions (NASDAQ: ASPS):

  • 12/27/2018 – Altisource Portfolio Solutions was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “
  • 12/25/2018 – Altisource Portfolio Solutions was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 12/18/2018 – Altisource Portfolio Solutions was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 12/8/2018 – Altisource Portfolio Solutions was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 11/12/2018 – Altisource Portfolio Solutions was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 11/1/2018 – Altisource Portfolio Solutions was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $29.00 price target on the stock. 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. “

Shares of ASPS stock traded down $0.10 during trading hours on Friday, hitting $22.59. 711 shares of the company were exchanged, compared to its average volume of 118,969. The company has a market cap of $384.67 million, a price-to-earnings ratio of 8.07 and a beta of 1.07. Altisource Portfolio Solutions S.A. has a fifty-two week low of $19.36 and a fifty-two week high of $37.86. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.07.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.13 by $0.36. The company had revenue of $204.58 million during the quarter, compared to the consensus estimate of $207.00 million. Altisource Portfolio Solutions had a net margin of 35.70% and a return on equity of 8.85%. Analysts anticipate that Altisource Portfolio Solutions S.A. will post 0.62 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in ASPS. Vanguard Group Inc lifted its holdings in shares of Altisource Portfolio Solutions by 6.5% in the 3rd quarter. Vanguard Group Inc now owns 1,541,226 shares of the business services provider’s stock worth $49,674,000 after purchasing an additional 94,489 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Altisource Portfolio Solutions by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,541,226 shares of the business services provider’s stock worth $49,674,000 after purchasing an additional 94,489 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Altisource Portfolio Solutions by 18.3% in the 2nd quarter. Renaissance Technologies LLC now owns 560,500 shares of the business services provider’s stock worth $16,350,000 after purchasing an additional 86,600 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Altisource Portfolio Solutions by 555.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 52,415 shares of the business services provider’s stock worth $1,690,000 after purchasing an additional 44,415 shares in the last quarter. Finally, United Services Automobile Association bought a new position in Altisource Portfolio Solutions during the 3rd quarter valued at $1,070,000. 71.38% of the stock is owned by institutional investors.

Altisource Portfolio Solutions SA operates as an integrated service provider and marketplace for the real estate and mortgage industries in the United States. 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, residential and commercial loan servicing technology, vendor management, marketplace transaction and payment management technology, document management platform, default services technology, and mortgage charge-off collection services.

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