Altisource Portfolio Solutions S.A. (ASPS) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,463 shares of the business services provider’s stock after acquiring an additional 39 shares during the period. Wells Fargo & Company MN owned about 0.06% of Altisource Portfolio Solutions worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. KCG Holdings Inc. acquired a new position in shares of Altisource Portfolio Solutions during the first quarter worth about $201,000. Parametric Portfolio Associates LLC acquired a new position in shares of Altisource Portfolio Solutions during the first quarter worth about $244,000. American International Group Inc. boosted its position in shares of Altisource Portfolio Solutions by 7.1% during 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 period. Quinn Opportunity Partners LLC acquired a new position in shares of Altisource Portfolio Solutions during the second quarter worth about $488,000. Finally, Federated Investors Inc. PA boosted its position in shares of Altisource Portfolio Solutions by 381.2% during the second quarter. Federated Investors Inc. PA now owns 61,353 shares of the business services provider’s stock worth $1,339,000 after buying an additional 48,602 shares during the period. 56.22% of the stock is owned by hedge funds and other institutional investors.

Altisource Portfolio Solutions S.A. (NASDAQ ASPS) opened at $27.30 on Tuesday. Altisource Portfolio Solutions S.A. has a 52-week low of $16.17 and a 52-week high of $46.99. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 6.46. The company has a market capitalization of $488.80, a P/E ratio of 9.35, a P/E/G ratio of 0.49 and a beta of 1.01.

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

ASPS has been the subject of several recent research reports. Zacks Investment Research raised Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, August 11th. BidaskClub cut Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. TheStreet raised Altisource Portfolio Solutions from a “d+” rating to a “c-” rating in a research report on Monday, August 14th. Northland Securities reaffirmed a “hold” rating and set a $26.00 price objective on shares of Altisource Portfolio Solutions in a research report on Sunday, October 29th. Finally, Compass Point raised Altisource Portfolio Solutions from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $7.00 to $15.00 in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Altisource Portfolio Solutions presently has a consensus rating of “Hold” and an average price target of $22.33.

In related news, Director Orin S. Kramer purchased 25,000 shares of Altisource Portfolio Solutions stock in a transaction that occurred on Thursday, August 31st. The stock was purchased at an average cost of $22.34 per share, with a total value of $558,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Deer Park Road Management Comp purchased 40,741 shares of Altisource Portfolio Solutions stock in a transaction that occurred on Friday, October 27th. The shares were bought at an average cost of $24.58 per share, with a total value of $1,001,413.78. The disclosure for this purchase can be found here. Insiders have purchased 109,683 shares of company stock valued at $2,675,719 over the last three months. Insiders own 6.75% of the company’s stock.

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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.

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

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