Lender Processing Services, Inc
) hit a 52-week high of $35.60 during the trading session on Dec
9. However, the stock closed the trading session at $35.36, which
reflects a solid year-to-date return of 38.3%. The average
trading volume aggregated 718,734 shares.
Lender Processing's technology-driven end-to-end solutions for
the mortgage and real estate industries as well as contract
renewals are likely to aid in generating business growth.
Lender Processing is well positioned to enhance the mortgage
value chain and deliver innovative technology, data and expertise
to its clients. Going forward, the rapidly growing mortgage
landscape continues to create new requirements for its
The unique combination of scale, know-how and innovation
continues to position Lender Processing as a leader in
technology-driven solutions for the evolving mortgage
Additionally, Lender Processing maintains a balanced operating
model designed to provide a natural hedge during fluctuations in
the real estate market. Given the scope of the services provided,
the company stands to maintain revenue strength at both ends of
the mortgage cycle. While the loan facilitation services along
with various data and analytics segments are expected to generate
higher revenues when interest rates are low and the residential
housing market is strong, the company's default management
services are positioned to boost revenues when the residential
real estate market is particularly weak and foreclosures are
Over the last 30 days, earnings estimates did not have any
upward or downward revisions for 2013 and 2014. Although there is
a lacuna of estimate revisions, we would rather add a word of
caution for this Zacks Rank #5 (Strong Sell) stock.
Other Stocks to Consider
Other stocks that look promising and are worth a look now
Global Payments Inc
Higher One Holdings Inc
ZOOM Technologies Inc
). All these stocks carry a Zacks Rank #2 (Buy).
GLOBAL PAYMENTS (GPN): Free Stock Analysis
LENDER PROC SVC (LPS): Free Stock Analysis
HIGHER ONE HLDG (ONE): Free Stock Analysis
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