Last $101.43 USD
Change Today -4.67 / -4.40%
Volume 392.2K
ASPS On Other Exchanges
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As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

altisource portfolio sol (ASPS) Snapshot

Open
$106.82
Previous Close
$106.10
Day High
$107.92
Day Low
$100.85
52 Week High
12/3/13 - $171.00
52 Week Low
08/8/14 - $83.37
Market Cap
2.2B
Average Volume 10 Days
273.7K
EPS TTM
$7.70
Shares Outstanding
21.8M
EX-Date
--
P/E TM
13.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for ALTISOURCE PORTFOLIO SOL (ASPS)

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altisource portfolio sol (ASPS) Details

Altisource Portfolio Solutions S.A. operates as a marketplace and transaction solutions provider for the real estate, mortgage, and consumer debt industries in the United States. Its Mortgage Services segment offers services that span the mortgage and real estate lifecycle for loan servicers, originators, and investors in single family homes. This segment provides asset management services, which include property preservation, property inspection, real estate owned (REO) asset management, and REO brokerage; residential property valuation; title insurance services; origination management services; and default management services, such as non-legal processing and related services for the supervision of foreclosure, bankruptcy, and eviction attorneys. The company’s Financial Services segment offers collection and customer relationship management services. This segment provides asset recovery management services, such as post-charge-off consumer debt collection; and customer care and early stage collections, insurance and claims processing, call center, and analytical support services. Its Technology Services segment offers REALSuite of software products consisting of REALServicing, an enterprise residential mortgage loan servicing product; REALTrans, an electronic business-to-business exchange that automates and simplifies the ordering, tracking, and fulfilling of mortgage services; REALRemit, an electronic invoicing and payment system; REALDoc, a management platform that extracts, stores, and generates correspondence; and Equator’s Solutions platforms that are used a la carte or together as an end-to-end solution, as well as information technology infrastructure services. The company serves sub-prime servicers, utility companies, commercial banks, servicers, mortgage bankers, financial service companies, and hedge funds, as well as a government-sponsored enterprise. Altisource Portfolio Solutions S.A. was incorporated in 1999 and is headquartered in Luxembourg.

7,747 Employees
Last Reported Date: 02/13/14
Founded in 1999

altisource portfolio sol (ASPS) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $543.4K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $311.6K
Chief Administration Officer, General Counsel...
Total Annual Compensation: $427.7K
Compensation as of Fiscal Year 2013.

altisource portfolio sol (ASPS) Key Developments

Wholesale One Cooperative Appoints Greg Murray as Chief Executive Officer

Altisource Portfolio Solutions S.A. has launched Wholesale One, a new cooperative for the wholesale mortgage industry. Altisource has tapped Greg Murray to lead the new cooperative as Chief Executive Officer.

Altisource Launches Wholesale One Cooperative

Altisource Portfolio Solutions S.A. has launched Wholesale One, a new cooperative for the wholesale mortgage industry. Wholesale One will provide a platform for mortgage brokers, wholesale lenders and related vendors to provide quality loans to consumers nationwide. The new cooperative will assist mortgage brokers and other third-party originators with tools to improve their businesses. Cooperative benefits are designed to help lower costs for third-party services and streamline the financial execution of a wide variety of loan products. Wholesale One will benefit from Murray's extensive background in the third-party originations space and decades of leadership experience at Citigroup, Wells Fargo and JPMorgan Chase & Co.

Saxena White P.A. Files Securities Fraud Class Action Against Altisource Portfolio Solutions SA

Saxena White P.A. has filed a securities fraud class action lawsuit in the United States District Court for the Southern District of Florida against Altisource Portfolio Solutions SA on behalf of investors who purchased or otherwise acquired the common stock of the company during the period from July 25, 2013 through August 4, 2014. The complaint brings claims for violations of the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the company's business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose material information regarding the company's improper business and operational practices including, among other things, the fact that Ocwen Financial Corporation, a financial services holding company of which Defendant William C. Erbey is Chairman of the Board, was funneling as much as $65 million in fees annually from already-distressed homeowners to Altisource for minimal work; and that Erbey, who owns approximately 27% of Altisource's shares outstanding, was directly involved in approving Altisource's conflicted transactions with Ocwen.

 

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ASPS

Industry Average

Valuation ASPS Industry Range
Price/Earnings 15.2x
Price/Sales 2.3x
Price/Book 13.0x
Price/Cash Flow 10.6x
TEV/Sales 1.7x
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