Morgan Stanley decreased its stake in Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) by 65.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 74,034 shares of the business services provider’s stock after selling 138,864 shares during the period. Morgan Stanley’s holdings in Altisource Portfolio Solutions were worth $2,725,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Altisource Portfolio Solutions during the fourth quarter valued at approximately $1,771,000. Schroder Investment Management Group bought a new position in shares of Altisource Portfolio Solutions during the first quarter valued at approximately $318,000. SG Americas Securities LLC boosted its position in shares of 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 valued at $1,778,000 after buying an additional 40,575 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Altisource Portfolio Solutions by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 45,215 shares of the business services provider’s stock valued at $1,664,000 after buying an additional 1,947 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Altisource Portfolio Solutions by 3.5% in the first quarter. American Century Companies Inc. now owns 126,270 shares of the business services provider’s stock valued at $4,647,000 after buying an additional 4,224 shares during the last quarter. 55.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of Altisource Portfolio Solutions S.A. (NASDAQ ASPS) traded down 1.05% during trading on Wednesday, hitting $19.88. 71,907 shares of the stock traded hands. The company has a market cap of $358.79 million, a PE ratio of 65.83 and a beta of 0.75. The firm has a 50 day moving average price of $23.10 and a 200-day moving average price of $25.31. Altisource Portfolio Solutions S.A. has a one year low of $16.17 and a one year high of $46.99.
Altisource Portfolio Solutions (NASDAQ:ASPS) last released its earnings results on Wednesday, August 9th. The business services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.69 by $0.19. Altisource Portfolio Solutions had a net margin of 0.60% and a return on equity of 82.95%. The firm had revenue of $250.69 million for the quarter, compared to analyst estimates of $239.30 million. During the same period last year, the firm earned $1.58 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts anticipate that Altisource Portfolio Solutions S.A. will post $2.83 earnings per share for the current fiscal year.
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Several equities analysts have recently commented on ASPS shares. ValuEngine raised shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Northland Securities cut shares of Altisource Portfolio Solutions from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 2nd. TheStreet cut shares of Altisource Portfolio Solutions from a “c” rating to a “d+” rating in a research report on Monday, May 15th. BidaskClub raised shares of Altisource Portfolio Solutions from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Altisource Portfolio Solutions from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, August 11th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $21.33.
About Altisource Portfolio Solutions
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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