Zacks Investment Research upgraded shares of Sabre Corporation (NASDAQ:SABR) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “Sabre Corporation engages in providing technology solutions to the global travel and tourism industry. The company operates four brands/businesses: Sabre Airline Solutions (R), Sabre Hospitality Solutions (R), Sabre Travel Network (R) and Travelocity (R). Its software, data, mobile and distribution solutions are used by airlines hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre Corporation is headquartered in Southlake, Texas. “

Several other brokerages have also recently weighed in on SABR. BidaskClub cut shares of Sabre Corporation from a sell rating to a strong sell rating in a research note on Saturday, July 8th. Oppenheimer Holdings, Inc. reiterated an outperform rating and set a $24.00 price target (down previously from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. TheStreet cut shares of Sabre Corporation from a b rating to a c rating in a research note on Tuesday, August 1st. Cowen and Company reiterated an outperform rating and set a $23.00 price target (down previously from $26.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Finally, Mizuho reiterated a buy rating and set a $25.00 price target (down previously from $27.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $23.00.

Shares of Sabre Corporation (SABR) traded down 0.82% during midday trading on Wednesday, reaching $18.16. 1,034,161 shares of the company’s stock were exchanged. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 38.31 and a beta of 0.74. The firm has a 50 day moving average of $18.12 and a 200-day moving average of $21.00. Sabre Corporation has a one year low of $17.30 and a one year high of $27.35.

Sabre Corporation (NASDAQ:SABR) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ 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 company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. On average, equities research analysts anticipate that Sabre Corporation will post $1.35 earnings per share for the current year.

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

In related news, insider Hugh W. Jones sold 36,100 shares of Sabre Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.12, for a total transaction of $726,332.00. Following the transaction, the insider now owns 82,600 shares in the company, valued at approximately $1,661,912. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Judson Wade Jones sold 3,822 shares of Sabre Corporation stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $17.92, for a total transaction of $68,490.24. Following the transaction, the insider now owns 31,726 shares in the company, valued at approximately $568,529.92. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. lifted its stake in shares of Sabre Corporation by 1.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 9,452,247 shares of the information technology services provider’s stock valued at $205,775,000 after buying an additional 120,532 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Sabre Corporation by 2.1% during the 2nd quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock valued at $272,000 after buying an additional 254 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in shares of Sabre Corporation by 64.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 63,753 shares of the information technology services provider’s stock valued at $1,388,000 after buying an additional 24,992 shares in the last quarter. Verition Fund Management LLC lifted its stake in shares of Sabre Corporation by 10.4% during the 2nd quarter. Verition Fund Management LLC now owns 26,118 shares of the information technology services provider’s stock valued at $569,000 after buying an additional 2,467 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Sabre Corporation during the 2nd quarter valued at $1,341,000.

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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