Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Sabre Corporation (NASDAQ:SABR) by 27.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,759 shares of the information technology services provider’s stock after buying an additional 14,711 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Sabre Corporation were worth $1,497,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Creative Planning grew its holdings in Sabre Corporation by 4.7% during the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 205 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of Sabre Corporation by 4.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,412 shares of the information technology services provider’s stock worth $107,000 after acquiring an additional 232 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Sabre Corporation by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock worth $135,000 after acquiring an additional 1,100 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Sabre Corporation by 17.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,529 shares of the information technology services provider’s stock worth $202,000 after acquiring an additional 1,442 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in shares of Sabre Corporation in the second quarter worth $206,000.
Several brokerages have recently issued reports on SABR. Goldman Sachs Group, Inc. (The) downgraded shares of Sabre Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $20.00 in a research note on Monday. Jefferies Group LLC raised Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, August 15th. Zacks Investment Research cut Sabre Corporation from a “buy” rating to a “sell” rating in a research report on Wednesday, August 9th. Bank of America Corporation cut Sabre Corporation from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $24.00 to $18.00 in a research report on Monday, August 7th. Finally, TheStreet cut Sabre Corporation from a “b” rating to a “c” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.22.
In related news, insider Hugh W. Jones sold 36,100 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $726,332.00. Following the completion of the sale, the insider now owns 82,600 shares of the company’s stock, valued at $1,661,912. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Judson Wade Jones sold 3,822 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total value of $68,490.24. Following the completion of the sale, the insider now directly owns 31,726 shares of the company’s stock, valued at approximately $568,529.92. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Shares of Sabre Corporation (NASDAQ SABR) opened at 18.50 on Wednesday. Sabre Corporation has a 12 month low of $17.30 and a 12 month high of $28.84. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 39.03 and a beta of 0.74. The company has a 50-day moving average price of $18.97 and a 200-day moving average price of $21.50.
Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company had revenue of $900.66 million during the quarter, compared to analysts’ expectations of $895.05 million. Sabre Corporation had a return on equity of 46.16% and a net margin of 3.87%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Equities analysts forecast that Sabre Corporation will post $1.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $0.56 annualized dividend and a dividend yield of 3.03%. Sabre Corporation’s payout ratio is 116.67%.
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Sabre Corporation Company Profile
Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.
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