Texas Permanent School Fund Buys 22,632 Shares of Sabre Corp (SABR)

Texas Permanent School Fund grew its stake in shares of Sabre Corp (NASDAQ:SABR) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,162 shares of the information technology services provider’s stock after acquiring an additional 22,632 shares during the period. Texas Permanent School Fund owned 0.07% of Sabre worth $3,899,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SABR. Penserra Capital Management LLC bought a new position in shares of Sabre in the fourth quarter worth $28,000. Meeder Asset Management Inc. increased its holdings in shares of Sabre by 49.7% in the fourth quarter. Meeder Asset Management Inc. now owns 3,731 shares of the information technology services provider’s stock worth $81,000 after purchasing an additional 1,239 shares during the period. Csenge Advisory Group bought a new position in shares of Sabre in the third quarter worth $90,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Sabre by 2,281.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,374,189 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 2,274,514 shares during the period. Finally, Enlightenment Research LLC bought a new position in shares of Sabre in the fourth quarter worth $119,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

In other news, insider Judson Wade Jones sold 7,064 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $25.07, for a total transaction of $177,094.48. Following the transaction, the insider now directly owns 30,932 shares of the company’s stock, valued at $775,465.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jami Kindle sold 8,719 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $26.05, for a total value of $227,129.95. Following the transaction, the vice president now directly owns 17,013 shares in the company, valued at $443,188.65. The disclosure for this sale can be found here. In the last three months, insiders sold 174,429 shares of company stock worth $3,924,579. 0.67% of the stock is owned by insiders.

Several research firms have recently weighed in on SABR. BidaskClub raised shares of Sabre from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. Deutsche Bank cut shares of Sabre from a “buy” rating to a “hold” rating and decreased their price target for the stock from $28.00 to $27.00 in a report on Thursday, December 13th. Oppenheimer reaffirmed a “buy” rating on shares of Sabre in a report on Thursday, November 15th. Zacks Investment Research reaffirmed a “buy” rating and issued a $27.00 price target on shares of Sabre in a report on Thursday, November 15th. Finally, Imperial Capital set a $33.00 price target on shares of Sabre and gave the stock a “buy” rating in a report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Sabre has a consensus rating of “Hold” and an average price target of $27.00.

SABR opened at $22.68 on Friday. The firm has a market capitalization of $6.28 billion, a P/E ratio of 15.97, a PEG ratio of 1.58 and a beta of 0.84. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 3.43. Sabre Corp has a 52 week low of $19.71 and a 52 week high of $26.78.

Sabre (NASDAQ:SABR) last released its earnings results on Tuesday, February 12th. The information technology services provider reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The business had revenue of $923.90 million for the quarter, compared to analysts’ expectations of $930.19 million. Sabre had a return on equity of 43.59% and a net margin of 8.73%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Sabre Corp will post 0.87 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 21st will be paid a $0.14 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.47%. Sabre’s dividend payout ratio is presently 39.44%.

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Sabre Company Profile

Sabre Corporation, through its subsidiary, Sabre Holdings Corporation, provides technology solutions to the travel and tourism industry worldwide. It operates through two segments, Travel Network, and Airline 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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