Teacher Retirement System of Texas increased its holdings in Sabre Corp (NASDAQ:SABR) by 39.4% in the first quarter, HoldingsChannel.com reports. The fund owned 1,429,022 shares of the information technology services provider’s stock after purchasing an additional 403,663 shares during the quarter. Teacher Retirement System of Texas’ holdings in Sabre were worth $30,567,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in shares of Sabre by 33.8% in the 1st quarter. Toronto Dominion Bank now owns 49,567 shares of the information technology services provider’s stock valued at $1,060,000 after purchasing an additional 12,518 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of Sabre by 8.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 25,102 shares of the information technology services provider’s stock valued at $537,000 after purchasing an additional 1,962 shares during the last quarter. Stephens Inc. AR raised its position in shares of Sabre by 1.7% in the 1st quarter. Stephens Inc. AR now owns 41,825 shares of the information technology services provider’s stock valued at $895,000 after purchasing an additional 696 shares during the last quarter. South Dakota Investment Council purchased a new position in shares of Sabre in the 1st quarter valued at approximately $1,244,000. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Sabre by 2.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 286,628 shares of the information technology services provider’s stock valued at $6,131,000 after purchasing an additional 6,400 shares during the last quarter. 95.02% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on SABR shares. Sanford C. Bernstein downgraded shares of Sabre from an “outperform” rating to a “market perform” rating in a report on Thursday, February 14th. BidaskClub downgraded shares of Sabre from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Imperial Capital cut their price target on shares of Sabre from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Sabre from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Finally, Oppenheimer cut their price target on shares of Sabre from $28.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $25.39.

In other news, insider Richard A. Simonson sold 6,047 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $22.17, for a total transaction of $134,061.99. Following the sale, the insider now owns 286,503 shares of the company’s stock, valued at approximately $6,351,771.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard A. Simonson sold 58,877 shares of the firm’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 transaction of $1,249,369.94. Following the sale, the insider now directly owns 339,333 shares in the company, valued at approximately $7,200,646.26. The disclosure for this sale can be found here. Insiders have sold a total of 233,017 shares of company stock worth $5,106,992 in the last ninety days. Corporate insiders own 0.69% of the company’s stock.

Shares of NASDAQ:SABR opened at $19.74 on Wednesday. Sabre Corp has a twelve month low of $19.48 and a twelve month high of $26.78. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $5.49 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 5.27 and a beta of 0.78.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, June 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.84%. Sabre’s payout ratio is 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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