Sabre Corp (NASDAQ:SABR) Position Boosted by State of Wisconsin Investment Board

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State of Wisconsin Investment Board lifted its stake in Sabre Corp (NASDAQ:SABR) by 76.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 522,897 shares of the information technology services provider’s stock after purchasing an additional 226,836 shares during the quarter. State of Wisconsin Investment Board’s holdings in Sabre were worth $11,185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Fundsmith LLP boosted its stake in Sabre by 31.2% in the 1st quarter. Fundsmith LLP now owns 2,967,828 shares of the information technology services provider’s stock valued at $63,482,000 after buying an additional 704,957 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Sabre by 0.6% during the first quarter. Principal Financial Group Inc. now owns 1,232,107 shares of the information technology services provider’s stock worth $26,354,000 after buying an additional 7,051 shares during the period. William Blair Investment Management LLC boosted its position in shares of Sabre by 2.8% during the first quarter. William Blair Investment Management LLC now owns 6,107,374 shares of the information technology services provider’s stock worth $130,637,000 after buying an additional 168,667 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of Sabre during the first quarter worth about $5,272,000. Finally, Xact Kapitalforvaltning AB boosted its position in shares of Sabre by 12.3% during the first quarter. Xact Kapitalforvaltning AB now owns 44,200 shares of the information technology services provider’s stock worth $945,000 after buying an additional 4,845 shares during the period. Institutional investors and hedge funds own 92.57% of the company’s stock.

In other news, insider Richard A. Simonson sold 58,877 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $21.22, for a total value of $1,249,369.94. Following the transaction, the insider now owns 339,333 shares in the company, valued at approximately $7,200,646.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard A. Simonson sold 6,047 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $22.17, for a total value of $134,061.99. Following the completion of the transaction, the insider now owns 286,503 shares in the company, valued at approximately $6,351,771.51. The disclosure for this sale can be found here. Insiders have sold a total of 74,371 shares of company stock valued at $1,586,637 in the last quarter. Company insiders own 0.69% of the company’s stock.

Several research firms recently issued reports on SABR. Sanford C. Bernstein lowered Sabre from an “outperform” rating to a “market perform” rating in a report on Thursday, February 14th. BidaskClub upgraded Sabre from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Zacks Investment Research lowered Sabre from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Mizuho began coverage on Sabre in a research note on Thursday, June 6th. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Oppenheimer lowered their target price on Sabre from $28.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.34.

SABR stock opened at $22.28 on Friday. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 6.06 and a beta of 0.72. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.08 and a quick ratio of 1.08. Sabre Corp has a 52-week low of $19.41 and a 52-week high of $26.78.

Sabre (NASDAQ:SABR) last released its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sabre had a return on equity of 39.46% and a net margin of 7.80%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 EPS. On average, analysts forecast that Sabre Corp will post 0.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.51%. Sabre’s dividend payout ratio (DPR) is currently 39.44%.

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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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Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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