Shares of Sabre Corporation (NASDAQ:SABR) gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $20.37, but opened at $19.56. Sabre Corporation shares last traded at $19.35, with a volume of 1,509,772 shares trading hands.

The information technology services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $900.60 million during the quarter, compared to analysts’ expectations of $884.04 million. Sabre Corporation had a net margin of 3.87% and a return on equity of 46.16%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share.

A number of analysts have recently issued reports on the stock. 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. restated an “outperform” rating and set a $24.00 target price (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 restated an “outperform” rating and set a $23.00 target price (down previously from $26.00) on shares of Sabre Corporation in a research note on Wednesday, August 2nd. Finally, Mizuho reaffirmed a “buy” rating and set a $25.00 price target (down from $27.00) on shares of Sabre Corporation in a research report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Sabre Corporation currently has a consensus rating of “Hold” and an average price target of $22.63.

In other 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 value of $726,332.00. Following the completion of the sale, the insider now owns 82,600 shares in the company, valued at approximately $1,661,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the insider now owns 31,726 shares of the company’s stock, valued at approximately $568,529.92. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Sabre Corporation by 4.7% in the 2nd quarter. Creative Planning now owns 4,578 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 205 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Sabre Corporation by 2.1% in the 2nd quarter. Toronto Dominion Bank now owns 12,444 shares of the information technology services provider’s stock valued at $272,000 after acquiring an additional 254 shares in the last quarter. Utah Retirement Systems increased its stake in shares of Sabre Corporation by 1.1% in the 2nd quarter. Utah Retirement Systems now owns 38,100 shares of the information technology services provider’s stock valued at $830,000 after acquiring an additional 400 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Sabre Corporation by 2.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 30,997 shares of the information technology services provider’s stock valued at $675,000 after acquiring an additional 716 shares in the last quarter. Finally, Lincoln Capital LLC increased its stake in shares of Sabre Corporation by 0.5% in the 2nd quarter. Lincoln Capital LLC now owns 181,538 shares of the information technology services provider’s stock valued at $3,952,000 after acquiring an additional 827 shares in the last quarter.

The firm’s 50 day moving average is $18.23 and its 200-day moving average is $20.65. The company has a market capitalization of $5.43 billion, a P/E ratio of 41.129 and a beta of 0.74.

ILLEGAL ACTIVITY NOTICE: This story was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://theolympiareport.com/2017/11/01/sabre-corporation-sabr-shares-gap-up-following-better-than-expected-earnings.html.

Sabre Corporation Company Profile

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.

Receive News & Ratings for Sabre Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabre Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.