Sabre Corp (NASDAQ:SABR) insider Richard A. Simonson sold 58,877 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $21.22, for a total transaction of $1,249,369.94. Following the sale, the insider now directly owns 339,333 shares in the company, valued at $7,200,646.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of SABR traded down $0.13 during mid-day trading on Monday, hitting $20.90. 1,116,898 shares of the company traded hands, compared to its average volume of 2,113,332. Sabre Corp has a one year low of $19.71 and a one year high of $26.78. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $5.79 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 3.63 and a beta of 0.82.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, February 12th. The information technology services provider reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Sabre had a net margin of 8.73% and a return on equity of 43.59%. The business had revenue of $923.90 million for the quarter, compared to analysts’ expectations of $930.19 million. During the same period in the prior year, the firm earned $0.32 earnings per share. Sabre’s revenue was up 4.8% compared to the same quarter last year. As a group, analysts anticipate that Sabre Corp will post 0.87 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 21st will be paid a $0.14 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.68%. Sabre’s payout ratio is presently 39.44%.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Sabre by 12.0% in the fourth quarter. BlackRock Inc. now owns 26,366,015 shares of the information technology services provider’s stock valued at $570,560,000 after acquiring an additional 2,823,695 shares during the last quarter. Vanguard Group Inc. boosted its stake in Sabre by 18.2% in the third quarter. Vanguard Group Inc. now owns 23,878,873 shares of the information technology services provider’s stock valued at $622,761,000 after acquiring an additional 3,669,394 shares during the last quarter. Vanguard Group Inc boosted its stake in Sabre by 18.2% in the third quarter. Vanguard Group Inc now owns 23,878,873 shares of the information technology services provider’s stock valued at $622,761,000 after acquiring an additional 3,669,394 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Sabre by 12.1% in the third quarter. Mackenzie Financial Corp now owns 7,337,816 shares of the information technology services provider’s stock valued at $191,370,000 after acquiring an additional 790,875 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Sabre by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 3,658,127 shares of the information technology services provider’s stock valued at $95,405,000 after acquiring an additional 22,179 shares during the last quarter. 93.28% of the stock is currently owned by hedge funds and other institutional investors.

SABR has been the topic of several research analyst reports. BidaskClub cut shares of Sabre from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Zacks Investment Research cut shares of Sabre from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Sanford C. Bernstein cut shares of Sabre from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 14th. Deutsche Bank cut shares of Sabre from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $27.00 in a research note on Thursday, December 13th. Finally, Bank of America cut shares of Sabre from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Sabre has an average rating of “Hold” and a consensus target price of $27.00.

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About Sabre

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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