Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Sabre Corp (NASDAQ:SABR) by 25.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 361,667 shares of the information technology services provider’s stock after selling 126,136 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of Sabre worth $9,432,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SABR. BlackRock Inc. increased its holdings in shares of Sabre by 4.2% in the 3rd quarter. BlackRock Inc. now owns 23,542,320 shares of the information technology services provider’s stock worth $613,983,000 after acquiring an additional 950,998 shares during the period. Burgundy Asset Management Ltd. increased its holdings in shares of Sabre by 1.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 18,295,526 shares of the information technology services provider’s stock worth $450,802,000 after acquiring an additional 178,261 shares during the period. Sound Shore Management Inc. CT increased its holdings in shares of Sabre by 0.4% in the 3rd quarter. Sound Shore Management Inc. CT now owns 8,061,033 shares of the information technology services provider’s stock worth $210,232,000 after acquiring an additional 32,559 shares during the period. Bank of America Corp DE increased its holdings in shares of Sabre by 240.3% in the 2nd quarter. Bank of America Corp DE now owns 4,532,334 shares of the information technology services provider’s stock worth $111,676,000 after acquiring an additional 3,200,652 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Sabre by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,658,127 shares of the information technology services provider’s stock worth $95,405,000 after acquiring an additional 22,179 shares during the period. 95.89% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on SABR shares. Imperial Capital reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Sabre in a report on Wednesday, October 31st. They noted that the move was a valuation call. BidaskClub raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Zacks Investment Research reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Sabre in a report on Thursday, November 15th. Oppenheimer reaffirmed a “buy” rating on shares of Sabre in a report on Thursday, November 15th. Finally, Morgan Stanley increased their price objective on shares of Sabre from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Sabre has an average rating of “Buy” and an average price target of $28.14.

Shares of SABR opened at $25.57 on Friday. The stock has a market capitalization of $6.93 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.59 and a beta of 0.70. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.14 and a quick ratio of 1.14. Sabre Corp has a 52-week low of $17.91 and a 52-week high of $26.78.

Sabre (NASDAQ:SABR) last announced its earnings results on Tuesday, October 30th. The information technology services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The firm had revenue of $970.28 million during the quarter, compared to analyst estimates of $944.97 million. Sabre had a net margin of 8.76% and a return on equity of 45.54%. Sabre’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 EPS. Equities research analysts expect that Sabre Corp will post 1.36 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 21st will be given a $0.14 dividend. The ex-dividend date is Thursday, December 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.19%. Sabre’s dividend payout ratio is presently 43.08%.

In related news, Director Judy C. Odom sold 10,000 shares of the stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $24.78, for a total value of $247,800.00. Following the completion of the transaction, the director now owns 41,039 shares in the company, valued at approximately $1,016,946.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jami Kindle sold 8,719 shares of the stock in a transaction dated 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 approximately $443,188.65. The disclosure for this sale can be found here. Insiders sold a total of 94,073 shares of company stock valued at $2,419,193 in the last quarter. 0.67% of the stock is currently owned by insiders.

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Sabre Company Profile

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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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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