The Sage Group (LON:SGE) Insider John Bates Buys 35,000 Shares of Stock

The Sage Group plc (LON:SGE) insider John Bates bought 35,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was purchased at an average cost of GBX 811 per share, for a total transaction of £283,850.

The Sage Group Stock Performance

Shares of The Sage Group stock opened at GBX 807.40 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00. The company has a market cap of £7.59 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a 50 day moving average of GBX 1,018.02 and a 200-day moving average of GBX 1,080.69. The Sage Group plc has a 1-year low of GBX 790.60 and a 1-year high of GBX 1,335.

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

The Sage Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 19th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft reduced their target price on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Canaccord Genuity Group raised shares of The Sage Group to a “buy” rating and lifted their target price for the stock from GBX 1,100 to GBX 1,135 in a research note on Monday, February 2nd. Panmure Gordon restated a “hold” rating and issued a GBX 1,300 target price on shares of The Sage Group in a report on Thursday, November 20th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of The Sage Group in a research report on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.