Dimensional Fund Advisors LP lowered its position in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 389,944 shares of the business services provider’s stock after selling 7,372 shares during the period. Dimensional Fund Advisors LP’s holdings in Altisource Portfolio Solutions were worth $14,350,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System increased its position in Altisource Portfolio Solutions by 10.8% in the first quarter. California Public Employees Retirement System now owns 59,500 shares of the business services provider’s stock worth $2,190,000 after buying an additional 5,800 shares during the last quarter. American International Group Inc. increased its position 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 last quarter. Schroder Investment Management Group acquired a new position in Altisource Portfolio Solutions during the first quarter worth approximately $318,000. SG Americas Securities LLC increased 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, Brandes Investment Partners LP acquired a new position in Altisource Portfolio Solutions during the first quarter worth approximately $309,000. 55.56% of the stock is owned by institutional investors.

Altisource Portfolio Solutions S.A. (ASPS) traded up 0.17% during trading on Wednesday, hitting $23.05. 12,105 shares of the stock were exchanged. Altisource Portfolio Solutions S.A. has a 52 week low of $16.17 and a 52 week high of $46.99. The stock has a market capitalization of $416.01 million, a price-to-earnings ratio of 76.32 and a beta of 0.75. The firm has a 50-day moving average of $23.25 and a 200-day moving average of $25.53.

Altisource Portfolio Solutions (NASDAQ:ASPS) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.19. The company had revenue of $250.69 million during the quarter, compared to analysts’ expectations of $239.30 million. Altisource Portfolio Solutions had a net margin of 0.60% and a return on equity of 82.95%. Altisource Portfolio Solutions’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 earnings per share. Equities research analysts anticipate that Altisource Portfolio Solutions S.A. will post $2.87 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 19th. ValuEngine raised shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. BidaskClub raised shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Northland Securities downgraded shares of Altisource Portfolio Solutions from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Finally, TheStreet raised shares of Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a report on Monday. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.33.

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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Institutional Ownership by Quarter for Altisource Portfolio Solutions (NASDAQ:ASPS)

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