Last $32.88 USD
Change Today +3.77 / 12.95%
Volume 11.5M
LPS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 05/23/13 All times are local (Market data is delayed by at least 15 minutes).

lender processing services (LPS) Snapshot

Open
$32.32
Previous Close
$29.11
Day High
$33.40
Day Low
$31.16
52 Week High
05/23/13 - $33.40
52 Week Low
06/5/12 - $21.14
Market Cap
2.8B
Average Volume 10 Days
897.3K
EPS TTM
$2.76
Shares Outstanding
86.2M
EX-Date
05/28/13
P/E TM
11.9x
Dividend
$0.40
Dividend Yield
1.22%
Current Stock Chart for LENDER PROCESSING SERVICES (LPS)

lender processing services (LPS) Latest News

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lender processing services (LPS) Details

Lender Processing Services, Inc. provides integrated technology, data, and services to the mortgage lending industry in the United States. The company operates in two segments, Technology, Data, and Analytics; and Transaction Services. Its Technology, Data, and Analytics segment offers software systems and information solutions that facilitate and automate various business processes across the life cycle of a mortgage. This segment’s primary applications and services include mortgage servicing platform, an application that automates loan servicing, including loan setup and ongoing processing, customer service, accounting and reporting to the secondary mortgage market, and federal regulatory reporting; Desktop, a Web-based workflow information system that can be used for managing and automating various workflow processes; and other software applications and services that automate and facilitate the origination of mortgage loans. It also provides data and analytics services, such as alternative valuation services, and data and information. The company’s Transaction Services segment offers customized outsourced business process and information solutions. Its origination services include settlement and title agency services comprising centralized title agency and closing services; appraisal services; and other origination services, such as federal flood zone certifications and monitoring services. This segment also provides default management services, consisting of foreclosure administrative services, property inspection and preservation; default title and settlement services; and alternative property valuation services. The company serves mortgage originators and servicers, other financial institutions, investors, attorneys, trustees, and real estate professionals. Lender Processing Services, Inc. was incorporated in 2007 and is headquartered in Jacksonville, Florida.

7,800 Employees
Last Reported Date: 02/25/13
Founded in 2007

lender processing services (LPS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.3M
Executive Chairman
Total Annual Compensation: $565.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $475.0K
Chief Operating officer and Executive Vice Pr...
Total Annual Compensation: $600.0K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2012.

lender processing services (LPS) Key Developments

Fidelity National And Thomas H. Lee Reportedly In Talks To Acquire Lender Processing

Fidelity National Financial, Inc. (NYSE:FNF) and Thomas H. Lee Partners, L.P. are in advanced talks to acquire Lender Processing Services, Inc. (NYSE:LPS), said people familiar with the matter. Under the terms being discussed, the buyers would pay with a mix of cash and Fidelity National Financial stock, said the people. According to the said sources, the deal would value Lender Processing Services shares around $33 million.

Lender Processing Services, Inc. to Pay $14 Million to Settle Robo-Signing Suit

Lender Processing Services (LPS) has agreed to pay $14 million to settle claims the company deceived investors about its business practices. The agreement would end a lawsuit filed in 2010 that charged the mortgage processing company with entering into improper fee arrangements with attorneys, signing documents without regard to their accuracy and other practices designed to push through as many foreclosure as possible over roughly two years starting in July 2008.

Lender Processing Services, Inc. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-07-2013 04:30 PM

Lender Processing Services, Inc. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-07-2013 04:30 PM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: Thomas L. Schilling, Chief Financial Officer and Executive Vice President.

 

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Industry Analysis

LPS

Industry Average

Valuation LPS Industry Range
Price/Earnings 29.9x
Price/Sales 1.3x
Price/Book 4.3x
Price/Cash Flow 14.5x
TEV/Sales 0.7x
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