Lender Processing Services, Inc.(LPS)- NYSE
LPS is defunct.
  • Dec. 30, 2013, 10:25 AM
    • The exchange ratio of 0.28742 is based on the average Fidelity National (FNF) price of $31.459 over the past ten sessions. At that level, total consideration to Lender Processing Services (LPS) shareholders will be $37.14 per share - $28.10 in cash and $9.04 in FNF common stock.
    • Fidelity's shares are currently at $32.59.
    • Closing is scheduled for January 2.
    | Dec. 30, 2013, 10:25 AM
  • Dec. 24, 2013, 12:17 PM
    • The proposed settlement has Fidelity National Financial (FNF +2.5%) agreeing to sell title plant assets in six Oregon counties and an ownership interest in LPS' (LPS +1.2%) share of a jointly owned plant in the Portland area. Title plants are the databases used by abstractors, title insurers, and title insurance agents to determine the title status of real property.
    • Fidelity announced the agreement to purchase LPS in late May in a $2.9B deal.
    | Dec. 24, 2013, 12:17 PM
  • Oct. 22, 2013, 9:00 AM
    • Lender Processin (LPS): Q3 EPS of $0.51 misses by $0.05.
    • Revenue of $419M (-15.8% Y/Y) misses by $9.6M. (PR)
    | Oct. 22, 2013, 9:00 AM
  • Oct. 17, 2013, 4:27 PM
    • Lender Processing Services, Inc. (LPS) declares $0.10/share quarterly dividend, in line with previous.
    • Forward yield 1.19%
    • Payable Dec. 12; for shareholders of record Nov. 28; ex-div Nov. 25.
    | Oct. 17, 2013, 4:27 PM
  • Sep. 3, 2013, 10:57 AM
    • KBW's Bose George upgrades title insurers Fidelity National Financial (FNF +3.5%) and First American Financial (FAF +2.6%) to Buy, telling clients his team is changing its valuation approach for a greater focus on longer-term earnings.
    • The sector (FNF and FAF control about 2/3 of U.S. title insurance volume) has underperformed this year on concern about slowing refinance volume, but George expects the market to look past the valley and see strong earnings growth in 2015 and beyond as the home purchase market continues its recovery.
    • He notes MBA mortgage data - slowing big-time of late - understates purchase activity as it does not track cash sales which happen to a fast-growing segment of total activity.
    • The price target for FNF is hiked to $31 from $27, in part as George boosts his 2014 EPS estimate to $1.85 from $1.66 thanks to the acquisition of Lender Processing Services (LPS) - expected to close in Q4.
    • FAF's price target is unchanged at $28.
    | Sep. 3, 2013, 10:57 AM
  • Aug. 9, 2013, 9:17 AM
    • Lender Processing (LPS): Q2 EPS of $0.65 in-line.
    • Revenue of $468.9M misses by $0.31M. (PR)
    | Aug. 9, 2013, 9:17 AM | 1 Comment
  • Jul. 18, 2013, 4:28 PM
    Lender Processing Services, Inc. (LPS) declares $0.10/share quarterly dividend, in line with previous. Forward yield 1.23%. For shareholders of record Aug. 29. Payable Sept. 12. Ex-div Aug. 27. (PR)
    | Jul. 18, 2013, 4:28 PM
  • Jul. 8, 2013, 10:26 AM

    Lender Processing Services (LPS -0.8%) announces the expiration of its "go-shop" period following the May 28 agreement to sell itself to Fidelity National Financial (FNF). The sale is expected to close in Q4. (PR)

    | Jul. 8, 2013, 10:26 AM
  • Jun. 20, 2013, 8:52 AM

    Fidelity National Financial (FNF) adjusts the mix in its $2.9B acquisition of Lender Processing Services (LPS) increasing the cash component by $500M and reducing the stock component by the same. After the change, about two-thirds of the purchase is being made with cash. LPS' "go-shop" period remains until July 7 (break-up fee of 1.25%). (PR)

    | Jun. 20, 2013, 8:52 AM
  • May 28, 2013, 8:09 AM

    As expected, Fidelity National Financial (FNF) announces the purchase of Lender Processing Services (LPS) in a 50% cash, 50% stock deal valued at about $2.9B. At Friday's closing prices, this values LPS at $33.25/share. Fidelity expects the purchase to be 11.3% accretive to this year's earnings. FNF +2.7%, LPS +2.4% to $33.79 premarket (PR)

    | May 28, 2013, 8:09 AM
  • May 22, 2013, 7:13 PM

    Lender Processing Services (LPS) is the subject of acquisition talks with Fidelity National (FNF) and buyout shop Thomas H. Lee, with a price tag of about $2.9B, the WSJ reports. Fidelity National was LPS' parent until a 2008 spinoff; a deal would not only bring the service provider back into FNF's umbrella, but mark the latest of many deals Fidelity's made with Thomas H. Lee. The deal values LPS at about $33/share; it closed Wednesday at $29.11.

    | May 22, 2013, 7:13 PM | 3 Comments
  • May 6, 2013, 9:01 AM

    New problem mortgage loan rates fell to 0.84% in March, according to Lender Processing Services (LPS), the first time below 1% since 2007 (it averaged 0.55% from 2000-2004). Negative equity is the key, says LPS' Herb Blecher, and it's falling fast thanks to rising prices.

    | May 6, 2013, 9:01 AM | 4 Comments
  • Apr. 24, 2013, 5:03 PM
    Lender Processing (LPS): Q1 EPS of $0.63. Revenue of $471.7M beats by $0.42M. (PR)
    | Apr. 24, 2013, 5:03 PM
  • Apr. 24, 2013, 12:10 AM

    Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA

    | Apr. 24, 2013, 12:10 AM | 1 Comment
  • Apr. 23, 2013, 5:35 PM

    Notable earnings after Wednesday’s close: AFL, AIZ, AKAM, ANGI, ARII, ARRS, ASGN, AVG, BAS, BDN, CAKE, CCI, CDNS, CLF, CLGX, CMO, CMRE, COG, CROX, CTXS, DRE, DRWI, EFX, EQIX, FFIV, FIO, FLS, GGG, INFN, ISIL, ITMN, JAH, KEX, LOGI, LPS, LRCX, LSI, MLNX, NEU, NOW, OIS, ORLY, OTEX, PDH, PMTC, QCOM, RJF, RYL, SCI, SKX, SRCL, SUSQ, SYK, TAL, TER, TEX, TQNT, TSCO, TWI, VAR, WCN, WDC, WLL, XLNX, XNPT, ZNGA

    | Apr. 23, 2013, 5:35 PM
  • Apr. 18, 2013, 5:07 PM
    Lender Processing Services, Inc. (LPS) declares $0.10/share quarterly dividend, in line with previous. Forward yield 1.63%. For shareholders of record May 30. Payable June 13. Ex-div date May 28. (PR)
    | Apr. 18, 2013, 5:07 PM