Pacer Advisors Inc. increased its position in shares of Sabre Corporation (NASDAQ:SABR) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,224 shares of the information technology services provider’s stock after buying an additional 3,633 shares during the period. Pacer Advisors Inc.’s holdings in Sabre Corporation were worth $619,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mn Services Vermogensbeheer B.V. raised its position 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 buying an additional 232 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position 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 buying an additional 1,442 shares in the last quarter. WFG Advisors LP raised its position in shares of Sabre Corporation by 449,200.0% in the fourth quarter. WFG Advisors LP now owns 8,986 shares of the information technology services provider’s stock worth $216,000 after buying an additional 8,984 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Sabre Corporation during the fourth quarter worth $217,000. Finally, Karp Capital Management Corp bought a new position in shares of Sabre Corporation during the first quarter worth $226,000.
Shares of Sabre Corporation (SABR) traded up 0.09% during trading on Friday, reaching $22.55. 2,168,305 shares of the company’s stock traded hands. The stock has a 50-day moving average of $23.33 and a 200-day moving average of $23.33. Sabre Corporation has a 1-year low of $20.09 and a 1-year high of $29.63. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 30.07 and a beta of 0.71.
Sabre Corporation (NASDAQ:SABR) last announced its earnings results on Tuesday, May 2nd. The information technology services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.11. Sabre Corporation had a net margin of 6.22% and a return on equity of 43.18%. The business had revenue of $915.35 million for the quarter, compared to analyst estimates of $897.62 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Sabre Corporation’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Sabre Corporation will post $1.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Wednesday, June 21st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Monday, June 19th. Sabre Corporation’s dividend payout ratio (DPR) is currently 74.67%.
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A number of analysts have commented on the stock. TheStreet upgraded shares of Sabre Corporation from a “c” rating to a “b-” rating in a report on Monday, April 17th. Zacks Investment Research upgraded shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Friday, June 9th. Deutsche Bank AG raised their price target on shares of Sabre Corporation from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Morgan Stanley downgraded shares of Sabre Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $26.00 to $24.00 in a report on Thursday, April 6th. Finally, Bank of America Corporation downgraded shares of Sabre Corporation from a “buy” rating to a “neutral” rating in a report on Monday, February 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $29.38.
In other Sabre Corporation news, insider William G. Robinson, Jr. sold 20,837 shares of Sabre Corporation stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $21.03, for a total transaction of $438,202.11. Following the sale, the insider now owns 113,531 shares in the company, valued at $2,387,556.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard A. Simonson sold 36,000 shares of Sabre Corporation stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $24.43, for a total transaction of $879,480.00. Following the sale, the insider now owns 231,103 shares in the company, valued at approximately $5,645,846.29. The disclosure for this sale can be found here. Insiders have sold 379,876 shares of company stock worth $8,816,209 in the last ninety days. 1.80% of the stock is currently owned by insiders.
About Sabre Corporation
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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