World Asset Management Inc Buys Shares of 14,640 Sabre Corporation (SABR)
World Asset Management Inc bought a new stake in shares of Sabre Corporation (NASDAQ:SABR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,640 shares of the information technology services provider’s stock, valued at approximately $319,000.
Other large investors have also recently modified their holdings of the company. Creative Planning increased its stake in shares of Sabre Corporation by 4.7% in the second quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 205 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake 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 valued at $107,000 after buying an additional 232 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Sabre Corporation by 21.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the information technology services provider’s stock valued at $135,000 after buying an additional 1,100 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake 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 valued at $202,000 after buying an additional 1,442 shares during the period. Finally, Parametrica Management Ltd purchased a new stake in shares of Sabre Corporation during the second quarter valued at about $206,000.
Sabre Corporation (NASDAQ SABR) opened at 18.20 on Tuesday. Sabre Corporation has a 52 week low of $17.81 and a 52 week high of $29.45. The company has a 50-day moving average of $21.05 and a 200-day moving average of $22.17. The company has a market capitalization of $5.07 billion, a PE ratio of 38.40 and a beta of 0.71.
Sabre Corporation (NASDAQ:SABR) last posted its earnings results 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 analyst estimates of $895.05 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. Sabre Corporation’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, equities research analysts anticipate that Sabre Corporation will post $1.36 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 21st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Wednesday, September 20th. Sabre Corporation’s dividend payout ratio (DPR) is presently 116.67%.
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Several research analysts have weighed in on the stock. TheStreet raised shares of Sabre Corporation from a “c” rating to a “b-” rating in a report on Monday, April 17th. Zacks Investment Research raised shares of Sabre Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Friday, June 9th. Deutsche Bank AG raised their target price 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. Mizuho reaffirmed a “buy” rating and set a $25.00 target price (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $24.00 target price (down from $27.00) on shares of Sabre Corporation in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.13.
In other news, insider Judson Wade Jones sold 3,822 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total value of $68,490.24. Following the transaction, the insider now owns 31,726 shares of the company’s stock, valued at approximately $568,529.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Hugh W. Jones sold 36,100 shares of the stock in a transaction on 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 transaction, the insider now directly owns 82,600 shares in the company, valued at approximately $1,661,912. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
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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