Diversified Trust Co purchased a new position in shares of Sabre Corp (NASDAQ:SABR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 41,632 shares of the information technology services provider’s stock, valued at approximately $924,000.
Other large investors have also modified their holdings of the company. Investors Research Corp acquired a new stake in Sabre during the 1st quarter worth $30,000. Shine Investment Advisory Services Inc. acquired a new stake in Sabre during the 1st quarter worth $32,000. Aspire Private Capital LLC acquired a new stake in Sabre during the 4th quarter worth $60,000. Meeder Asset Management Inc. boosted its stake in Sabre by 92.5% during the 1st quarter. Meeder Asset Management Inc. now owns 7,182 shares of the information technology services provider’s stock worth $154,000 after purchasing an additional 3,451 shares during the period. Finally, Lake Point Wealth Management acquired a new stake in Sabre during the 4th quarter worth $189,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.
NASDAQ:SABR traded down $0.01 during mid-day trading on Thursday, hitting $23.65. 27,886 shares of the company’s stock traded hands, compared to its average volume of 1,502,681. Sabre Corp has a 1 year low of $19.41 and a 1 year high of $26.65. The stock has a market capitalization of $6.43 billion, a P/E ratio of 16.66, a PEG ratio of 6.45 and a beta of 0.76. The business has a 50 day simple moving average of $22.66. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.44.
Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Sabre had a net margin of 7.80% and a return on equity of 39.46%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts anticipate that Sabre Corp will post 0.8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.56 annualized dividend and a dividend yield of 2.37%. Sabre’s dividend payout ratio is currently 39.44%.
In other Sabre news, insider David J. Shirk sold 10,365 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $22.88, for a total transaction of $237,151.20. Following the sale, the insider now directly owns 100,075 shares of the company’s stock, valued at approximately $2,289,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is owned by company insiders.
Several research firms have recently commented on SABR. Bank of America restated a “buy” rating and issued a $105.00 target price (up previously from $100.00) on shares of Zendesk in a research note on Wednesday, May 1st. Mizuho began coverage on shares of Sabre in a research note on Thursday, June 6th. They issued a “buy” rating and a $25.00 target price for the company. William Blair cut shares of Sabre from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 30th. BidaskClub upgraded shares of Yandex from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 14th. Finally, Oppenheimer increased their price target on shares of Paycom Software from $175.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Sabre currently has an average rating of “Hold” and a consensus price target of $24.23.
Sabre Company Profile
Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates in three segments: Travel Network, Airline Solutions, 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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