Altisource Portfolio Solutions S.A. (ASPS) is Upgraded by Compass Point to Buy, Raises Price Target to $ 31

Altisource Portfolio Solutions S.A. (ASPS) was Upgraded by Compass Point to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 31 from a previous price target of $23 . Earlier the firm had a rating of “Neutral ” on the company shares. Compass Point advised their investors in a research report released on Aug 10, 2016.

On the company’s financial health, Altisource Portfolio Solutions S.A. reported $1.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.27. The company had revenue of $255.80 million for the quarter, compared to analysts expectations of $248.63 million. The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.22 EPS.

Altisource Portfolio Solutions S.A. closed down -0.27 points or -1.06% at $25.32 with 4,11,985 shares getting traded on Monday. Post opening the session at $25.74, the shares hit an intraday low of $25.32 and an intraday high of $26.304 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 3, 2016, William B Shepro (CEO) purchased 1,700 shares at $29.27 per share price. According to the SEC, on May 3, 2016, Kevin James Wilcox (Chief Administration Officer) purchased 1,700 shares at $29.36 per share price. On Mar 23, 2016, Gregory J. Ritts (General Counsel) purchased 500 shares at $24.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Altisource Portfolio Solutions S.A. is a provider of marketplace and transaction solutions for the real estate mortgage and consumer debt industries offering both distribution and content. The Company operates in three segments: Mortgage Services Financial Services and Technology Services. The Company’s Mortgage Services segment provides services that span the mortgage and real estate lifecycle and are outsourced by loan servicers loan originators investors and other sellers of single family homes. The Financial Services segment provides collection and customer relationship management services to debt originators and servicers and the utility insurance and hotel industries. The Company’s Technology Services consists of REALSuite of software applications Equator LLC (Equator) software applications Mortgage Builder software applications and its information technology (IT) infrastructure management services.

Altisource Portfolio Solutions S.A.

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