Sapience Investments LLC grew its holdings in Sabre Corp (NASDAQ:SABR) by 27.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,810 shares of the information technology services provider’s stock after purchasing an additional 22,280 shares during the quarter. Sapience Investments LLC’s holdings in Sabre were worth $2,149,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of SABR. Burgundy Asset Management Ltd. lifted its stake in shares of Sabre by 29.3% during the fourth quarter. Burgundy Asset Management Ltd. now owns 13,976,268 shares of the information technology services provider’s stock valued at $286,513,000 after acquiring an additional 3,169,837 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Sabre by 70.4% during the fourth quarter. Mackenzie Financial Corp now owns 4,388,602 shares of the information technology services provider’s stock valued at $89,966,000 after acquiring an additional 1,812,947 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Sabre by 19.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,176,740 shares of the information technology services provider’s stock valued at $65,122,000 after acquiring an additional 512,788 shares during the period. Miller Howard Investments Inc. NY acquired a new position in shares of Sabre during the fourth quarter valued at $64,563,000. Finally, Schroder Investment Management Group lifted its stake in shares of Sabre by 16.1% during the fourth quarter. Schroder Investment Management Group now owns 3,076,973 shares of the information technology services provider’s stock valued at $63,078,000 after acquiring an additional 426,908 shares during the period.
SABR has been the topic of several research reports. Evercore ISI lowered Sabre from an “outperform” rating to an “underperform” rating in a research note on Friday, January 5th. Zacks Investment Research raised Sabre from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, January 9th. TheStreet raised Sabre from a “c” rating to a “b-” rating in a research note on Monday, November 27th. BidaskClub raised Sabre from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Finally, Mizuho reaffirmed a “buy” rating and set a $25.00 price target on shares of Sabre in a research note on Thursday, January 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Sabre has a consensus rating of “Hold” and a consensus target price of $23.78.
Sabre (NASDAQ:SABR) last released its quarterly earnings data on Wednesday, February 14th. The information technology services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The business had revenue of $881.90 million during the quarter, compared to the consensus estimate of $863.54 million. Sabre had a return on equity of 53.65% and a net margin of 6.74%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. equities analysts expect that Sabre Corp will post 1.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, March 21st will be issued a $0.14 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.46%. Sabre’s dividend payout ratio is presently 63.64%.
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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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