Is Lender Processing Services, Inc. (NYSE:LPS) a good investment?
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Equally as necessary, bullish insider trading activity is a second way to look at the stock market universe. Obviously, there are a number of incentives for an upper level exec to downsize shares of his or her company, but only one, very simple reason why they would behave bullishly. Various academic studies have demonstrated the valuable potential of this method if piggybackers know what to do (learn more here).
Furthermore, we’re going to study the recent info for Lender Processing Services, Inc. (NYSE:LPS).
Hedge fund activity in Lender Processing Services, Inc. (NYSE:LPS)
At Q2’s end, a total of 31 of the hedge funds we track held long positions in this stock, a change of 35% from the previous quarter. With hedgies’ sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their stakes meaningfully.
With a general bullishness amongst the titans, certain money managers were breaking ground themselves. Highfields Capital Management, managed by Jonathon Jacobson, initiated the biggest position in Lender Processing Services, Inc. (NYSE:LPS). Highfields Capital Management had 90.1 million invested in the company at the end of the quarter. Robert Emil Zoellner’s Alpine Associates also initiated a $59.4 million position during the quarter. The other funds with new positions in the stock are Michael Blitzer’s Kingstown Capital Management, Cliff Asness’s AQR Capital Management, and Eric Mindich’s Eton Park Capital.
How have insiders been trading Lender Processing Services, Inc. (NYSE:LPS)?
Insider buying is at its handiest when the company we’re looking at has experienced transactions within the past half-year. Over the latest 180-day time period, Lender Processing Services, Inc. (NYSE:LPS) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
We’ll also review the relationship between both of these indicators in other stocks similar to Lender Processing Services, Inc. (NYSE:LPS). These stocks are HMS Holdings Corp. (NASDAQ:HMSY), Ritchie Bros. Auctioneers (USA) (NYSE:RBA), Deluxe Corporation (NYSE:DLX), Portfolio Recovery Associates, Inc. (NASDAQ:PRAA), and RR Donnelley & Sons Co (NASDAQ:RRD). This group of stocks are the members of the business services industry and their market caps resemble LPS’s market cap.
