Vanguard Group Inc. lifted its stake in shares of Sabre Corporation (NASDAQ:SABR) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,094,899 shares of the information technology services provider’s stock after purchasing an additional 619,975 shares during the quarter. Vanguard Group Inc. owned about 5.78% of Sabre Corporation worth $350,385,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Sabre Corporation by 51.4% during the 2nd quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock worth $507,810,000 after purchasing an additional 7,919,869 shares in the last quarter. FMR LLC boosted its position in shares of Sabre Corporation by 10.7% during the 1st quarter. FMR LLC now owns 10,733,095 shares of the information technology services provider’s stock worth $227,434,000 after purchasing an additional 1,038,669 shares in the last quarter. State Street Corp boosted its position in shares of Sabre Corporation by 2.6% during the 1st quarter. State Street Corp now owns 3,775,971 shares of the information technology services provider’s stock worth $80,006,000 after purchasing an additional 95,766 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Sabre Corporation by 132.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,656,066 shares of the information technology services provider’s stock worth $57,823,000 after purchasing an additional 1,513,581 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Sabre Corporation by 7.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,192,563 shares of the information technology services provider’s stock worth $48,083,000 after purchasing an additional 143,784 shares in the last quarter.

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In other Sabre Corporation news, insider Judson Wade Jones sold 3,822 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $17.92, for a total value of $68,490.24. Following the sale, the insider now owns 31,726 shares in the company, valued at $568,529.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hugh W. Jones sold 36,100 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,661,912. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently issued reports on the stock. Mizuho reissued a “buy” rating and set a $25.00 price objective (down previously from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Sabre Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. TheStreet cut shares of Sabre Corporation from a “b” rating to a “c” rating in a research report on Tuesday, August 1st. BidaskClub cut shares of Sabre Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Finally, Bank of America Corporation cut shares of Sabre Corporation from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $24.00 to $18.00 in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.00.

Sabre Corporation (NASDAQ:SABR) opened at 18.16 on Friday. Sabre Corporation has a 12 month low of $17.30 and a 12 month high of $27.35. The company has a 50-day moving average of $18.12 and a 200 day moving average of $21.00. The company has a market cap of $5.06 billion, a PE ratio of 38.31 and a beta of 0.74.

Sabre Corporation (NASDAQ:SABR) last announced its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $900.66 million for the quarter, compared to analysts’ expectations of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. On average, equities analysts forecast that Sabre Corporation will post $1.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 21st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Wednesday, September 20th. Sabre Corporation’s dividend payout ratio (DPR) is presently 116.67%.

Sabre Corporation 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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Institutional Ownership by Quarter for Sabre Corporation (NASDAQ:SABR)

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