KBC Group NV Has $578,000 Stake in Sabre Corporation (SABR)
KBC Group NV continued to hold its stake in Sabre Corporation (NASDAQ:SABR) during the first quarter, Holdings Channel reports. The institutional investor owned 27,275 shares of the information technology services provider’s stock at the end of the first quarter. KBC Group NV’s holdings in Sabre Corporation were worth $578,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. First Republic Investment Management Inc. purchased a new stake in Sabre Corporation during the fourth quarter valued at about $1,215,000. Two Sigma Investments LP purchased a new stake in Sabre Corporation during the fourth quarter valued at about $20,647,000. FIL Ltd purchased a new stake in Sabre Corporation during the fourth quarter valued at about $1,100,000. Comerica Bank boosted its stake in Sabre Corporation by 64.8% in the fourth quarter. Comerica Bank now owns 26,394 shares of the information technology services provider’s stock valued at $664,000 after buying an additional 10,377 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Sabre Corporation by 63.0% in the fourth quarter. Franklin Resources Inc. now owns 2,405,540 shares of the information technology services provider’s stock valued at $60,018,000 after buying an additional 930,090 shares during the last quarter.
Sabre Corporation (NASDAQ:SABR) opened at 22.73 on Tuesday. Sabre Corporation has a 1-year low of $20.09 and a 1-year high of $29.63. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 30.31 and a beta of 0.71. The firm has a 50-day moving average of $23.31 and a 200-day moving average of $23.27.
Sabre Corporation (NASDAQ:SABR) last posted its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.11. The company had revenue of $915.35 million for the quarter, compared to the consensus estimate of $897.62 million. Sabre Corporation had a net margin of 6.22% and a return on equity of 43.18%. Sabre Corporation’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. Equities research analysts anticipate that Sabre Corporation will post $1.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Wednesday, June 21st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Monday, June 19th. Sabre Corporation’s dividend payout ratio is currently 74.67%.
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SABR has been the topic of several research analyst reports. Bank of America Corporation cut Sabre Corporation from a “buy” rating to a “neutral” rating in a report on Monday, February 20th. Zacks Investment Research upgraded Sabre Corporation from a “strong sell” rating to a “hold” rating in a report on Thursday, April 13th. Mizuho reiterated a “sell” rating and issued a $25.00 price objective on shares of Sabre Corporation in a report on Wednesday, February 22nd. Morgan Stanley cut Sabre Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $26.00 to $24.00 in a report on Thursday, April 6th. Finally, Deutsche Bank AG lifted their price objective on Sabre Corporation from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.38.
In other news, insider Richard A. Simonson sold 12,549 shares of the firm’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $22.15, for a total value of $277,960.35. Following the transaction, the insider now owns 187,516 shares of the company’s stock, valued at approximately $4,153,479.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard A. Simonson sold 36,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $24.43, for a total transaction of $879,480.00. Following the completion of the transaction, the insider now directly owns 231,103 shares in the company, valued at approximately $5,645,846.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 314,503 shares of company stock worth $7,405,459. 1.00% of the stock is currently owned by insiders.
Sabre Corporation Company 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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