Altisource Portfolio Solutions (NASDAQ:ASPS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

ASPS has been the topic of several other research reports. Zacks Investment Research downgraded Altisource Portfolio Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Northland Securities reissued a “hold” rating and issued a $26.00 price objective on shares of Altisource Portfolio Solutions in a report on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Altisource Portfolio Solutions currently has an average rating of “Hold” and an average target price of $22.33.

Shares of Altisource Portfolio Solutions (ASPS) opened at $27.79 on Friday. The company has a debt-to-equity ratio of 6.46, a quick ratio of 2.57 and a current ratio of 2.57. The firm has a market capitalization of $497.58, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.51 and a beta of 1.01. Altisource Portfolio Solutions has a one year low of $16.17 and a one year high of $46.99.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.73 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The business had revenue of $235.00 million for the quarter, compared to the consensus estimate of $215.40 million. Altisource Portfolio Solutions had a return on equity of 81.23% and a net margin of 0.23%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. equities research analysts forecast that Altisource Portfolio Solutions will post 2.72 earnings per share for the current year.

In related news, major shareholder Deer Park Road Management Comp acquired 27,506 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of $25.11 per share, with a total value of $690,675.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Indroneel Chatterjee acquired 1,200 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was bought at an average cost of $26.32 per share, with a total value of $31,584.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 84,683 shares of company stock valued at $2,117,219. Insiders own 6.75% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its holdings in Altisource Portfolio Solutions by 0.4% in the 2nd quarter. Wells Fargo & Company MN now owns 10,463 shares of the business services provider’s stock worth $228,000 after purchasing an additional 39 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Altisource Portfolio Solutions by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,924 shares of the business services provider’s stock worth $195,000 after purchasing an additional 358 shares during the period. American Century Companies Inc. raised its holdings in Altisource Portfolio Solutions by 0.7% in the 2nd quarter. American Century Companies Inc. now owns 127,118 shares of the business services provider’s stock worth $2,774,000 after purchasing an additional 848 shares during the period. Teachers Advisors LLC raised its holdings in Altisource Portfolio Solutions by 7.1% in the 2nd quarter. Teachers Advisors LLC now owns 33,593 shares of the business services provider’s stock worth $733,000 after purchasing an additional 2,223 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Altisource Portfolio Solutions by 8.1% in the 2nd quarter. California Public Employees Retirement System now owns 64,300 shares of the business services provider’s stock worth $1,403,000 after purchasing an additional 4,800 shares during the period. 53.55% of the stock is owned by institutional investors.

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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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