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

Wells Fargo & Company MN boosted its stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 35.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,424 shares of the business services provider’s stock after buying an additional 2,700 shares during the period. Wells Fargo & Company MN owned about 0.06% of Altisource Portfolio Solutions worth $384,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Altisource Portfolio Solutions by 2.3% in the fourth quarter. State Street Corp now owns 223,709 shares of the business services provider’s stock valued at $5,950,000 after buying an additional 4,941 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Altisource Portfolio Solutions by 24.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 397,316 shares of the business services provider’s stock valued at $10,565,000 after buying an additional 76,818 shares during the period. Federated Investors Inc. PA raised its stake in shares of Altisource Portfolio Solutions by 8.6% in the fourth quarter. Federated Investors Inc. PA now owns 36,408 shares of the business services provider’s stock valued at $968,000 after buying an additional 2,883 shares during the period. Renaissance Technologies LLC raised its stake in shares of Altisource Portfolio Solutions by 86.5% in the fourth quarter. Renaissance Technologies LLC now owns 107,800 shares of the business services provider’s stock valued at $2,866,000 after buying an additional 50,000 shares during the period. Finally, Norges Bank purchased a new stake in shares of Altisource Portfolio Solutions during the fourth quarter valued at approximately $1,771,000. 57.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of Altisource Portfolio Solutions S.A. (ASPS) opened at 22.15 on Friday. The stock has a market cap of $408.27 million, a price-to-earnings ratio of 25.67 and a beta of 0.72. The stock’s 50 day moving average price is $21.10 and its 200 day moving average price is $26.36. Altisource Portfolio Solutions S.A. has a 52 week low of $16.17 and a 52 week high of $46.99.

Altisource Portfolio Solutions (NASDAQ:ASPS) last posted its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. The business had revenue of $229.84 million during the quarter, compared to analysts’ expectations of $217.90 million. Altisource Portfolio Solutions had a net margin of 1.72% and a return on equity of 102.97%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $1.47 earnings per share. Equities research analysts anticipate that Altisource Portfolio Solutions S.A. will post $2.63 EPS for the current fiscal year.

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Several equities research analysts have recently commented on ASPS shares. Zacks Investment Research raised Altisource Portfolio Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Northland Securities lowered Altisource Portfolio Solutions from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 2nd. TheStreet lowered Altisource Portfolio Solutions from a “c” rating to a “d+” rating in a research note on Monday, May 15th. Finally, BidaskClub lowered Altisource Portfolio Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.00.

In other Altisource Portfolio Solutions news, major shareholder Deer Park Road Management Comp bought 55,000 shares of Altisource Portfolio Solutions stock in a transaction that occurred on Wednesday, May 10th. The stock was purchased at an average cost of $18.92 per share, for a total transaction of $1,040,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.03% of the company’s stock.

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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