The Sage Group (LON:SGE) Insider Derek Harding Acquires 10,000 Shares

The Sage Group plc (LON:SGE) insider Derek Harding acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was acquired at an average price of GBX 864 per share, for a total transaction of £86,400.

The Sage Group Price Performance

SGE opened at GBX 844.40 on Tuesday. The company has a fifty day moving average price of GBX 1,037.97 and a two-hundred day moving average price of GBX 1,090.71. The firm has a market capitalization of £7.94 billion, a PE ratio of 22.72, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group plc has a 52 week low of GBX 832.80 and a 52 week high of GBX 1,349. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76.

The Sage Group (LON:SGE) last posted its quarterly earnings results on Wednesday, November 19th. The company reported GBX 43.20 earnings per share (EPS) for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. As a group, analysts anticipate that The Sage Group plc will post 42.1496095 earnings per share for the current year.

The Sage Group declared that its board has initiated a stock buyback program on Wednesday, November 19th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SGE shares. Panmure Gordon reiterated a “hold” rating and issued a GBX 1,300 price target on shares of The Sage Group in a research report on Thursday, November 20th. Jefferies Financial Group increased their target price on shares of The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. decreased their price target on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a report on Thursday, December 4th. Shore Capital Group restated a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Finally, Canaccord Genuity Group raised The Sage Group to a “buy” rating and raised their price objective for the stock from GBX 1,100 to GBX 1,135 in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,247.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.