Utah Retirement Systems raised its stake in Sabre Corp (NASDAQ:SABR) by 6.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,200 shares of the information technology services provider’s stock after buying an additional 3,000 shares during the period. Utah Retirement Systems’ holdings in Sabre were worth $1,231,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. First Citizens Bank & Trust Co. acquired a new position in shares of Sabre during the third quarter worth $396,000. Bank of Montreal Can lifted its holdings in shares of Sabre by 56.9% during the third quarter. Bank of Montreal Can now owns 1,170,165 shares of the information technology services provider’s stock worth $30,517,000 after purchasing an additional 424,431 shares during the period. W.E. Donoghue & Co. LLC lifted its holdings in shares of Sabre by 100.2% during the third quarter. W.E. Donoghue & Co. LLC now owns 38,081 shares of the information technology services provider’s stock worth $993,000 after purchasing an additional 19,061 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Sabre by 64.6% during the second quarter. Toronto Dominion Bank now owns 24,769 shares of the information technology services provider’s stock worth $610,000 after purchasing an additional 9,719 shares during the period. Finally, CX Institutional lifted its holdings in shares of Sabre by 3.2% during the third quarter. CX Institutional now owns 132,974 shares of the information technology services provider’s stock worth $3,468,000 after purchasing an additional 4,176 shares during the period. Hedge funds and other institutional investors own 95.89% of the company’s stock.
In related news, VP Jami Kindle sold 8,719 shares of Sabre stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $26.05, for a total transaction of $227,129.95. Following the completion of the transaction, the vice president now owns 17,013 shares of the company’s stock, valued at $443,188.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Judy C. Odom sold 10,000 shares of Sabre stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $24.78, for a total transaction of $247,800.00. Following the transaction, the director now directly owns 41,039 shares of the company’s stock, valued at approximately $1,016,946.42. The disclosure for this sale can be found here. Insiders have sold 101,137 shares of company stock valued at $2,596,288 in the last three months. 0.67% of the stock is owned by insiders.
A number of brokerages have recently commented on SABR. BidaskClub upgraded shares of Sabre from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Imperial Capital set a $33.00 price target on shares of Sabre and gave the stock a “buy” rating in a report on Monday, November 19th. Oppenheimer reiterated a “buy” rating on shares of Sabre in a report on Thursday, November 15th. Morgan Stanley lifted their price target on shares of Sabre from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, October 31st. Finally, Zacks Investment Research reiterated a “buy” rating and set a $27.00 price target on shares of Sabre in a report on Thursday, November 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Sabre currently has a consensus rating of “Buy” and a consensus target price of $28.14.
Shares of NASDAQ SABR opened at $24.99 on Friday. Sabre Corp has a twelve month low of $17.91 and a twelve month high of $26.78. The firm has a market cap of $7.04 billion, a P/E ratio of 19.22, a PEG ratio of 2.63 and a beta of 0.70. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.58.
Sabre (NASDAQ:SABR) last announced its earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Sabre had a net margin of 8.76% and a return on equity of 45.54%. The business had revenue of $970.28 million during the quarter, compared to the consensus estimate of $944.97 million. During the same quarter last year, the firm earned $0.31 earnings per share. Sabre’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts predict that Sabre Corp will post 1.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 21st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, December 20th. Sabre’s dividend payout ratio is presently 43.08%.
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Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates as a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with a network of travel buyers comprising online and offline travel agencies, travel management companies, and corporate travel departments.
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